Boloco Inspired Burritos vs Handel's Homemade Ice Cream Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Boloco Inspired Burritos vs Handel's Homemade Ice Cream including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Boloco Inspired Burritos Franchise
Handel's Homemade Ice Cream Franchise
Investment $190,000 - $400,000$234,500 - $814,500
Franchise Fee $25,000$50,000
Royalty Fee 6%6%
Advertising Fee --
Year Founded 19971945
Year Franchised 20041989
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $10000-


Business Experience Requirements
 
Boloco Inspired Burritos Franchise
Handel's Homemade Ice Cream Franchise
Experience -In order to be considered, you must have a net worth of $250,000 and unrestricted capital in the amount of $100,000.

Financing Options
 
Boloco Inspired Burritos Franchise
Handel's Homemade Ice Cream Franchise
  In-House/3rd PartyIn-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
 
Boloco Inspired Burritos Franchise
Handel's Homemade Ice Cream Franchise
Training -On-The-Job Training: 120 hours Classroom Training: 4 hours
Support -Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing -Ad Templates Social media Website development Email marketing
Operations -Number of Employees Required to Run: 25

Expansion Plans
 
Boloco Inspired Burritos Franchise
Handel's Homemade Ice Cream Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Boloco Inspired Burritos

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.

About Handel's Homemade Ice Cream

"Handels

Handel's Homemade Ice Cream & Yogurt is a popular ice cream company franchise founded by Alice Handel in 1945 in Youngstown, Ohio. As of 2020, the company was operating 50 corporate and franchise stores in nine states. Today, it is owned by Leonard Fisher and maintains a corporate headquarters in Canfield, Ohio.

The total investment necessary to begin operation of a Handel’s Franchise ranges from $234,500 to $714,500. This includes between $170,000 and $230,000 that must be paid to the franchisor or their affiliates.
The total investment necessary to operate multiple Parlors under a form of area development agreement depends on the number of franchises the franchisor grants you the right to open. The total investment necessary to enter into a development agreement for the right to develop three Parlors is $334,500 to $814,500, which includes an initial development fee of $150,000 that is paid to the franchisor, and the total investment to open and commence operations of your initial Parlor. Under the area development agreement, the Development Fee is equal to $50,000 for each Parlor that the franchisor will grant you the right to open and operate under the Development Agreement.

"Entrepreneur
#385 in Franchise 500 for 2020.