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Below is an in-depth analysis and side-by-side comparison of Webby Dance Company vs Monkey Joe's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $22,700 - $31,000 | $918,088 - $1,484,129 |
Franchise Fee | $20,000 | $40,000 |
Royalty Fee | 8% | 5% |
Advertising Fee | - | 2%-3% |
Year Founded | 1975 | 2004 |
Year Franchised | 1999 | 2005 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $5K | 0 |
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 | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | Seminars annually plus: * Dance Workshops * Marketing Skills * Teaching Principles * Business Management * Financial Management | - |
Support |
We offer: * Operation and Training Manuals * Email Reminders/Phone Conferences * Networking System * Help/Hotline | - |
Marketing | Co-op advertising, Regional advertising | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
When you become a Monkey Joe's franchisee, you'll benefit from our help every step of the way. Our experts will provide training and ongoing support to help you successfully build your business. We assist and support all franchisees with:
Site Selection
Store Build-Out and Consultation
Finance Package
Equipment Package
Complete Training Program
Operations Manual and Ongoing Support
Marketing and Public Relations Support