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Below is an in-depth analysis and side-by-side comparison of MetroNaps vs BtoB Connect including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $55,000 - $160,000 | $20,000 - $30,000 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | 5% | $50 per chapter/per mo plus administration fee $150/mo |
Advertising Fee | - | - |
Year Founded | 2003 | 2005 |
Year Franchised | 2005 | 2008 |
Term Of Agreement | 5 years | 5 or 10 years |
Term Of Agreement | 5 years | 5 or 10 years |
Renewal Fee | - | - |
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/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Online and by video conference. Launch of your local area by franchisor. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet | Centralized accounting/collection Centralized membership administration Member portal online Automated member communications/correspondence Online referral engine Member2Member benefits |
Marketing | Ad slicks | Online website. Email mailings. Additional Services: Grand Opening, online website. |
Operations |
Number of employees needed to run franchised unit: 1 - 1
Absentee ownership of franchise is allowed. | Average Number of Employees: 1 Part-time. Passive Ownership: Allowed. |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Looking for a company to support your regular afternoon snooze session? MetroNaps takes napping to the franchise world with its space-age-looking napping pods. The company promotes the benefits of sleep on workplace productivity, and it's expanding to spas, health clubs, airports and corporate offices. Who doesn't need a little peace and tranquility these days?