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Below is an in-depth analysis and side-by-side comparison of Wild Noodles vs Hummus & Pita Co including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $273,500 - $350,000 | $409,000 - $734,500 |
Franchise Fee | $25,000 | $40,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 3% |
Year Founded | 2001 | 2011 |
Year Franchised | 2003 | 0 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | 1/2 of current franchise fee | - |
Business Experience Requirements |
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Experience | Prospective franchisees must meet the minimum requirements listed below in order to be considered for a Hummus & Pita Co. franchise. * $1MM net worth * $500K liquid capital available for investment * Willing to develop a territory of at least 5 Units * Ready to begin territory development within the next 3 months | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | The Hummus & Pita Co. is committed to quality and consistency at every location and has developed systems which make duplicating the famous recipes and flavors easy for franchisees. We use best-in-class partners to guarantee product consistency and distribution to all restaurants. Additional support provided to franchisees includes: * Real Estate/Site Selection * Store Build-Out/Construction * Training Systems * Operational Support * Recipe and Menu Development * Marketing and Brand Building * Vendor and Equipment Selection * Point of Sale System * Pre-Opening/Grand Opening Support * Business Consulting |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 15
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING