|
Below is an in-depth analysis and side-by-side comparison of Cinnzeo vs Bagel Bagel including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $214,000 - $621,000 | $170,000 - $425,000 |
Franchise Fee | $15,000 | $20,000 - $25,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1987 | - |
Year Franchised | 1998 | - |
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 | 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.
Bagel Bagel Cafe opened its first location in Tallahassee, Florida-July 1991 as Bagel Bagel,
"A Place So Nice We Named It Twice".
John Stout, founder of the concept, created the idea by utilizing skills he attained while working and managing a diverse number of restaurants in various regions of the country. John's experiences have allowed him to create an eclectic menu with unique cooking techniques that makes Bagel Bagel Cafe the success it is today. Bagel Bagel Cafe is growing rapidly, and is looking for Franchisees who: * Want to own an exciting restaurant concept * Prefer normal business hours vs. traditional dinner restaurants * Are looking for a concept with experienced franchise support without the unreasonable costs * Have at least $150,000 available to open their store Bagel Bagel Cafe is currently reviewing applications for new franchisees. Many of our locations are only open for breakfast and lunch, allowing operators a more flexible schedule.