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Below is an in-depth analysis and side-by-side comparison of Breadsmith vs Peace, Love & Little 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 | $121,200 - $235,100 |
Franchise Fee | $30,000 | $40,000 |
Royalty Fee | 7% - 5% | 6% |
Advertising Fee | - | 1% |
Year Founded | 1993 | 2009 |
Year Franchised | 1993 | 2016 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | $500 | - |
Business Experience Requirements |
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Experience | Net-worth Requirement $500,000 Liquid Cash Requirement $150,000 | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/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: 40 hours Classroom Training: 20 hours |
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 Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad Templates Social media SEO Website development Email marketing | Co-op Advertising Ad Templates Social media Website development Email marketing Loyalty program/app |
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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |