|
Below is an in-depth analysis and side-by-side comparison of Incredibly Edible Delites vs Potatopia including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $100,000 - $150,000 | $182,725 - $475,150 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 4.5% | 6% |
Advertising Fee | - | 1.5% - 2% |
Year Founded | 1985 | - |
Year Franchised | 1993 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | - | |
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 | The training program includes all facets of shop operations including hands-on instruction in the creation of our designs. During the three-week program, training includes: * FruitFlowers design training * Purchasing * Organization of delivery system * Order taking * Staff development * Management techniques * Bookkeeping procedures * Advertising and marketing * Public relations plan | - |
Support | As a FruitFlowers® Franchise Partner you get: * Intensive hands-on training at our Philadelphia based facility covering everything from product creation to staff development * Site selection, facility layout and design assistance * Extensive marketing and public relations support, including a customized webstore on FruitFlowers.com® * Our National Franchise Conference held annually in a selected location Best of all, you get the exclusive use in your territory of the most respected name in the business - FruitFlowers! | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
18% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
FruitFlowers HAS TAKEN OVER Incredibly Edible Delites IS NO LONGER FRANCHISING
Susan Ellman and Ellen Davis began Incredibly Edible Delites Inc. in 1984 out of their own kitchens. What started out as a party idea'a 'floral' bouquet made of fresh-cut fruit'turned into an alternative to sending flowers. Within a year, the partners had moved Incredibly Edible Delites out of their homes; the first franchise location opened in 1993 in Westville, New Jersey.
The floral bouquets make unique centerpieces or gifts, suitable for hospital gifts, birthdays, anniversaries or any gift occasion. All fruits are preservative-free and ready to eat.
At Potatopia®, we're committed to the accomplishment of our Franchise Partners and are centered around giving world-class support and administration in view of regard and trust. When you join the Potatopia family, you'll be working with experienced experts who have broad brand building, promoting, improvement, and operational involvement in all elements of the foodservice establishment industry. Here's a little taste of the administration you'll get:
Land and Store Development
• Prototypical plan and theoretical designs for new establishments
• Assistance with land administrations including a committed renting group that will proactively distinguish new land openings and lead LOI proposition, rent arrangement, and rent survey
• Full Build out Support with a Certified Project Manager
The Investment
Potatopia has made two center store models to look over. We are looking for profoundly energetic and conscientious people to dispatch and work these adaptable models. The underlying speculation important to start the operations of a Potatopia eatery ranges from $182,725 to $297,050 for a booth area and $265,775 to $475,150 for a customary area. Establishment Fee Discounts are accessible for multi-unit improvement assentions.
Least prerequisites
• Cash liquidity of $100,000
• Net worth of at any rate $300,000
• $35,000 franchise fee