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Below is an in-depth analysis and side-by-side comparison of Marvelous Market vs am/pm Convenience Stores including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $200,000 - $399,000 | $440,291 - $10,405,152 |
Franchise Fee | $25,000 | $40,000 - $70,000 |
Royalty Fee | - | 11%-14% |
Advertising Fee | - | 5.5% |
Year Founded | - | 1975 |
Year Franchised | - | 1979 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | $35K-60K |
Business Experience Requirements |
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Experience | - | - U.S. citizenship, or permanent resident alien status with a minimum age of 21 years old - Personal participation in operating a retail facility (minimum of 40 hours per week) - Successfully complete all training requirements - Good credit record / credit history evidenced by prompt payment of all financial obligations - Liquid capital required may be $1,200,000 or higher - Possess an entrepreneurial attitude, creativity and the ability to make sound business decisions - Ability to create and implement a comprehensive business plan - Ability to successfully execute the am/pm franchise operational procedures - Excellent project management skills and attention to detail - Ability to obtain/qualify for a beer and wine sales license for off-site consumption |
Financing Options |
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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 |
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Training | - | On-The-Job Training: 120 hours Classroom Training: 66 hours Additional Training: In-class sessions & hands-on training |
Support | - | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Field Operations |
Marketing | - | Co-op Advertising Regional Advertising Social media Loyalty program/app |
Operations | - | Number of Employees Required to Run: 10 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
NO ONLINE CONNECTION
Established in 1990, Marvelous Market is the defining standard in gourmet grab-and-go convenience food retailing. Today, Marvelous Market has embarked on an aggressive expansion strategy to secure our position throughout the Washington, DC metropolitan market. By offering better, healthier, faster food, the Marvelous Market franchise system capitalizes on the growing trends of rising household income and tastes, and declining leisure time