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Below is an in-depth analysis and side-by-side comparison of Ideal Image vs Famous Toastery including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $551,300 - $903,400 | $600,500 - $1,024,500 |
Franchise Fee | $25,000 - $35,000 | $40,000 |
Royalty Fee | 9% | 5% |
Advertising Fee | - | 1%-2% |
Year Founded | 2001 | 2005 |
Year Franchised | 2004 | 2013 |
Term Of Agreement | 10 years | 10 Years |
Term Of Agreement | 10 years | 10 Years |
Renewal Fee | $10000 or 25% of current fee | 0 |
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 | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 744 hours Classroom Training: 32 hours |
Support | - | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection |
Marketing | - | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
NO LONGER FRANCHISING