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Below is an in-depth analysis and side-by-side comparison of New York Burrito-Gourmet Wraps vs La Bamba including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $85,000 - $150,000 | $187,000 - $335,833 |
Franchise Fee | $15,000 | $30,000 |
Royalty Fee | 7% | - |
Advertising Fee | - | - |
Year Founded | 1995 | 1987 |
Year Franchised | 1996 | 1989 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $1K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
La Bamba Mexican Restaurants Group is a chain of 20+ concept-based Mexican "fast casual" restaurants serving both college towns and big cities, primarily in the Midwest. With a catchy "Burritos as big as your head" slogan, La Bamba features cooked-to-order Mexican meals in the $6-$7 range as well as a selection of Value Meals. The food is delicious and truly authentic Mexican, the portions are large and the service is quick. Our restaurants are all decorated with a bright, Mexican theme in red, white and green that helps to create a welcoming and relaxed atmosphere. The restaurants begin serving lunch at 11:00 a.m. and stay open late at night to cater to the "after bar-closing"crowd.