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Updated RecentlyOriginal SoupMan, The vs My Friend's Place Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Original SoupMan, The vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $79,500 - $198,500 | $156,650 - $260,400 |
| Franchise Fee | $30,000 | $20,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | - | 1% |
| Year Founded | 1984 | 1980 |
| Year Franchised | 2005 | 1980 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
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 | - | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days |
| Support | - | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| Marketing | - | - |
| Operations | - | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Original SoupMan, The
In 1984, The Original SoupMan opened its doors at 55th Street & 8th Avenue in Manhattan. The tiny storefront quickly became a worldwide destination. Rated #1 by Zagat and praised by the New York Times as "Art, not Soup", it set the standard for innovation and excellence long before the famous Seinfeld episode made it a cultural icon. The Company's franchise operations include highly visible locations in the Mohegan Sun Casinos and more.
About My Friend's Place
A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'