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Below is an in-depth analysis and side-by-side comparison of The Fudge Company vs Sir Chocolate including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $32,000 - $45,000 | $41,300 - $136,500 |
Franchise Fee | $12,500 - $15,000 | $25,000 |
Royalty Fee | 3% | 5% |
Advertising Fee | - | - |
Year Founded | 1978 | 2003 |
Year Franchised | 1981 | 2004 |
Term Of Agreement | - | 7 years |
Term Of Agreement | - | 7 years |
Renewal Fee | - | $5K/$10K |
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/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | * Available at headquarters: 3 days * At franchisee's location: 3-5 days |
Support | Grand opening | - |
Marketing | - | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 95% of current franchisees are owner/operators | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Based in Charlevoix, Michigan, The Fudge Company began in 1978 and started franchising in 1981.
NO LONGER FRANCHISING
Sir Chocolate began as a one-man operation with only a single chocolate fountain. Since then, the company has expanded from a homebased business into a combination warehouse, kitchen and office. The lone fountain has grown into a mobile chocolate fountain cart made for special events, a retail outlet and fondue gift baskets. Franchisees have three options for running their business: catering, retail and a retail-vending cart.