|
Below is an in-depth analysis and side-by-side comparison of Cinnzeo vs THE bagel BAR including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $214,000 - $621,000 | $240,000 - $320,000 |
Franchise Fee | $15,000 | $32,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1987 | 2002 |
Year Franchised | 1998 | 2002 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $4K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
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 |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | - | - |
Operations |
Number of employees needed to run franchised unit: 2 - 6
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The founders of Cinnzeo got their start as franchisees for another cinnamon roll company in 1987. In the next 10 years, they opened 20 stores in Western Canada, but grew unhappy with the direction the company was aking. In 1997, the franchisees decided not to renew their contract and instead opened their own company. By 2000 Cinnzeo, now led by president Brian R. Latham, had grown from those original 20 stores to 64, expanding into the Philippines and parts of Southeast Asia.
Our International development and growth includes Master Franchise Brand Partners in the following countries and/or regions;
We are currently in negotiation to further expand the brand in the following countries and/or regions;
We continue to grow and evolve the brand incorporating our signature range of products and some local and cultural recipes in our new and additional products. Our global commitment is to work with and invest in brand partners of the highest quality and caliber, which will enable the brand to continue and maintain our high levels of quality products and customer service.