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Below is an in-depth analysis and side-by-side comparison of Seekers Coffee House & Cafe vs The Coffee Beanery including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $189,000 - $369,000 | $112,500 - $496,100 |
Franchise Fee | $20,000 - $25,000 | $15,000 |
Royalty Fee | 5% | 4% |
Advertising Fee | - | 2% |
Year Founded | 2001 | 1976 |
Year Franchised | 2002 | 1985 |
Term Of Agreement | 10 years | 10-20 years |
Term Of Agreement | 10 years | 10-20 years |
Renewal Fee | $1K | 25% of initial 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 | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks | Co-op advertising, Ad slicks, National media |
Operations |
0% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
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: 14 - 17
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
NO LONGER FRANCHISING