|
Below is an in-depth analysis and side-by-side comparison of Cafe Yumm vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $716,500 - $999,200 | $122,850 - $213,450 |
Franchise Fee | $40,000 | $25,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | up to 3% | 2% |
Year Founded | 1997 | - |
Year Franchised | 2007 | - |
Term Of Agreement | - | 10 years +5+5 |
Term Of Agreement | - | 10 years +5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | We truly believe in balancing business and life so that each is more Soul satisfying… Deeply nourishing®. We’re passionate about serving beautiful, nourishing food (over 50% of which is Certified Organic), in warm, inviting restaurants that are built largely of recycled and environmentally friendly materials. Yet, our unit economics compare well with larger, better-established brands. We’re serious about business, but we’re also serious about doing it differently. If that sounds good, having your own Café Yumm! restaurant might be right for you. | Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
||
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 |
||
Training | We provide you with two weeks of in-depth classroom training at our headquarters, followed by a lengthy hands-on training period in one or more of our restaurants. Our Opening Team will also be with you for one week before your restaurant opens, and for one week after you’ve opened. We’re there to train your staff and make sure the quality standards are maintained and your first guests instantly become loyal ones. | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
Support | We provide detailed operations manuals and job briefs loaded with techniques, procedures, recommendations, and guidelines. In addition, our Management Team has an open-door policy, and even give franchisees their cell phone numbers, should any operational questions/issues come up. | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |