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Below is an in-depth analysis and side-by-side comparison of Breadsmith vs Joey Bag a Donuts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $380,250 - $454,750 | $207,700 - $587,800 |
Franchise Fee | $30,000 | $30,000 |
Royalty Fee | 7% - 5% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1993 | 2009 |
Year Franchised | 1993 | 2012 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | $500 | - |
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 | On-The-Job Training: 219.5 hours Classroom Training: 51 hours | On-The-Job Training: up to 5 days Classroom Training: up to 10 days |
Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
Marketing | Ad Templates Social media SEO Website development Email marketing | Co-op Advertising Ad Templates |
Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6 |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | Yes |
International Expansion | No | - |
We specialize in Donuts. Check out our Facebook https://www.facebook.com/donettehoff/ to see a delicious sample.