|
Below is an in-depth analysis and side-by-side comparison of Cinnabon vs Cupcakes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $23,100 - $430,900 | $267,500 - $381,000 |
Franchise Fee | $30,000 | $50,000 |
Royalty Fee | 6% | - |
Advertising Fee | 1.5% | - |
Year Founded | 1969 | 2002 |
Year Franchised | 1986 | 2008 |
Term Of Agreement | 10-20 years | - |
Term Of Agreement | 10-20 years | - |
Renewal Fee | 50% of current franchise fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Additional training annually | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 10
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
Cupcakes is the original cupcakes bakery. Cupcakes has been baking fresh daily, cupcakes, cakes and other baked goods, since 2002. In only 6 years, Cupcakes by Heather & Lori has become a leader in the cupcakes retail bakery industry. Cupcakes is now seeking strong potential candidates for franchise and area development for national and USA expansion. The objective is to establish Cupcakes Bakeries in strategically chosen urban markets throughout North America and beyond.