Crown Trophy vs The Yak Shak Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Crown Trophy vs The Yak Shak including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Crown Trophy Franchise
The Yak Shak Franchise
Investment $168,150 - $227,700$114,200 - $534,000
Franchise Fee $35,000$20,000
Royalty Fee 5%3%
Advertising Fee -1%
Year Founded 19782019
Year Franchised 19872021
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Crown Trophy Franchise
The Yak Shak Franchise
Experience
  • Marketing skills
  • People skills; leadership potential
    		• -

    Financing Options
     
    Crown Trophy Franchise
    The Yak Shak Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Crown Trophy Franchise
    The Yak Shak Franchise
    Training On-The-Job Training: 12 hours Classroom Training: 52 hours Additional Training: Annual franchise meeting -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform -
    Marketing Ad Templates Social media SEO Website development Email marketing -
    Operations 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership allowed.

    		-

    Expansion Plans
     
    Crown Trophy Franchise
    The Yak Shak Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Crown Trophy

    What started out as a part-time job in college has turned into a franchise with more than 148 stores nationwide. A physical education major in college, Chuck Weisenfeld took a job at a local sporting goods store to make extra money. Working in the store's trophy department, Weisenfeld saw how profitable trophies could be. After earning his degree and teaching in a high school for a few years, Weisenfeld finally quit teaching and opened his first Crown Trophy in Brooklyn in 1978. A few years later, he began offering franchises to his friends. Today the company creates and sells trophies and awards for various organizations and events.

    The estimated total investment necessary to begin operation of a Crown Trophy franchised business ranges from $168,150 to $199,200. This  includes initial fees ranging from $118,000 to $128,000 that must be paid to the franchisor or affiliate. If a franchisee incorporates the optional “Signs by Crown” business into its Crown Trophy business, the estimated total investment ranges from $186,150 to $227,700.
    Veteran Incentives  5% off franchise fee

    "Entrepreneur
    #393 in Franchise 500 for 2020.

    About The Yak Shak

    "The

    The Yak Shak is a kayak pro shop headquartered in Pelham, Alabama that brings together outdoor enthusiasts and builds community around supporting and conserving our natural waterways. The Yak Shak carries fishing kayaks, tackle, apparel and offers kayak rentals year-round.


    The total investment necessary to begin operation of a single
    The Yak Shak franchise ranges from $114,200 to $534,000. This includes the Initial Franchise Fee of $20,000 that is paid to the franchisor. They also offer an area development agreement that allows you to open a minimum of two stores within a designated territory. You must pay a development fee of $61,000 to $68,500 for two franchise locations and an additional fee of $15,000 for each franchised location after two.