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Below is an in-depth analysis and side-by-side comparison of Ritter's Frozen Custard vs Orion Food Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $369,000 - $1,100,000 | $59,500 - $140,000 |
Franchise Fee | $27,500 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1990 | 1982 |
Year Franchised | 1994 | 1993 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
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/Yes |
Equipment | No/No | Yes/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | On-The-Job Training: 45 hours Classroom Training: 9.5 hours |
Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Ongoing Support Newsletter Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates Regional Advertising Social media Email marketing Loyalty program/app |
Operations |
70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6 |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |