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Below is an in-depth analysis and side-by-side comparison of Boloco Inspired Burritos vs Bananas Smoothies & Frozen Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $190,000 - $400,000 | $224,500 - $457,000 |
Franchise Fee | $25,000 | $22,000 - $37,200 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1997 | 1975 |
Year Franchised | 2004 | 2003 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $10000 | - |
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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations |
Marketing | - | - |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 19 |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
boloco believes that even a burrito aspires. The Boston-based family of 22 restaurants and over 400 team members since 1997 serves globally inspired burritos, bowls, smoothies and shakes in locations throughout the Eastern United States. boloco’s unique purpose is to use a simple burrito to transform the lives and futures of people working in food service, for which it won the New England Ernst & Young Entrepreneur of the Year Award in 2012. In addition, boloco is 2-Star Certified by the Green Restaurant Association and continually takes important baby steps to improve its environ-mentality.
Bananas Smoothies & Frozen Yogurt is a quick serve restaurant style frozen treat franchise concept with a menu featuring the chain's proprietary Everything Yogurt brand frozen yogurt, Bananas Smoothies & Frozen Yogurt brand smoothies and frosties, and Gretel Pretzel brand hand-rolled pretzels. Other offerings include premium flavored coffees, espresso, cappuccino, muffins, ice cream, nuts, candies, bagels, cookies, cakes and flavored popcorn, as well as specialty items such as Bananas apparel and gifts.