|
Below is an in-depth analysis and side-by-side comparison of Candy Express vs South Bend Chocolate Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $125,000 - $175,000 | $85,700 - $676,460 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 7% | 4% |
Advertising Fee | - | - |
Year Founded | 1988 | 1991 |
Year Franchised | 1989 | 1997 |
Term Of Agreement | 10 years | 4 years |
Term Of Agreement | 10 years | 4 years |
Renewal Fee | $2K | $150 |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
||
Training | - | Ongoing (monthly visits) |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
Operations |
International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 20
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
Beginning with four company-owned stores in1988, Candy Express locations have served a variety of sweets to customers in malls and shopping centers throughout the United States and into Saudi Arabia, the site of the company's first international license.