|
Below is an in-depth analysis and side-by-side comparison of Friendly's Restaurants vs Manny's Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $498,500 - $1,950,000 | $171,235 - $516,652 |
Franchise Fee | $30,000 - $35,000 | $25,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | 3.5% | - |
Year Founded | 1935 | 1993 |
Year Franchised | 1996 | 2007 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | First and foremost, you should be a "people person" who believes in making the customer your top priority. We're looking for hands-on operators with prior small business experience who will oversee the restaurant's day-to-day operation. Candidates should possess b sales and effective management abilities, combined with maturity and high standards. We seek people who are actively involved in their communities and have a well-established network of personal contacts. Finally, you must be able to meet the initial investment requirements. | |
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 | Ad slicks, National media | - |
Operations |
Franchisees required to buy multiple units/master licenses; 62% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
In Springfield, Massachusetts at the height of the Great Depression in 1935, 20 year-old Prestley Blake and his 18 year-old brother Curtis opened an ice cream shop called 'Friendly' that served double-dip cones for 5 cents. The brothers opened a second shop five years later in West Springfield, Massachusetts and added food to the menu. Within a decade, locations opened throughout western Massachusetts and Connecticut. In 1988 Donald N. Smith, the company's current CEO, purchased the company and a year later added an 's' to the name, making it 'Friendly's.'
In May 2000, Friendly's introduced a new food and dessert menu featuring colossal burgers, sandwich wraps, splits, sundaes and Cyclones. Friendly's produces 10 million snack cups and 230,000 gallons of fudge every year. In addition to its restaurants and cafes, Friendly's manufactures a complete line of frozen desserts.
Manny’s Neighborhood Grill, the full-service restaurant and bar
counterpart to the fast-casual Manny’s Mediterranean Cafe, serves up the
same delicious Mediterranean-style fare in a sit-down atmosphere. The
Mediterranean grill franchise has been recognized by several regional
publications for its ability to cater to a variety of customers.
We are looking for Entrepreneurs with exceptional interpersonal and customer service
skills, who possess prior small business experience and are comfortable
managing and handling day-to-day sales