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Below is an in-depth analysis and side-by-side comparison of Manny & Olga's Pizza vs Teresa's Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $125,000 - $225,000 | $132,000 - $214,500 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1983 | - |
Year Franchised | 1998 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | 2 weeks after opening | - |
Support | Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Manny opened his first restaurant in 1974, gaining valuable experience which he expanded on through the years.
In 1993, the restaurant was officially named Manny & Olga’s and the tradition was started. Incorporating the names of father and daughter (Manny and Olga) family values and warm hospitality are the key ingredients appreciated and respected by customers even today.
Delicious food, fair prices and quality service is what you can expect with every visit to Manny & Olga’s.Americans eat roughly 350 slices of pizza per second. Get your slice of the $30 billion per year pizza industry with Teresa's Pizza. As a Teresa's Pizza franchise owner, you will be part of the family. Your Teresa's Pizza will have the look and feel of a local, neighborhood eatery, while you have the support of our established restaurant business. We bake our pizzas the old fashioned way: in traditional carousel ovens. Italian recipes passed down from previous generations Huge menu with something for everyone Our experienced corporate team has extensive credentials in food service and other businesses. We'll be there to support you every step along the way. Site selection Lease negotiation Comprehensive training Marketing support Information and support systems Comprehensive two week home office and three week onsite training Full menu of pizza, pasta, wings, salads, sandwiches, subs, and more. If you have strong community values, pay attention to details, enjoy providing a great customer experience, and love pizza, then please visit our website at: http://www.teresaspizza.net/franchise.html