Jack in the Box vs Lick's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jack in the Box vs Lick's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Jack in the Box Franchise
Lick's Franchise
Investment $1,651,500 - $2,638,600$495,000 - $595,000
Franchise Fee $50,000$45,000
Royalty Fee 5%-
Advertising Fee 5%-
Year Founded 1951-
Year Franchised 1982-
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 1,651,500 to $2,638,600-


Business Experience Requirements
 
Jack in the Box Franchise
Lick's Franchise
Experience *Multi-unit restaurant operations experience *Minimum liquidity of $750,000 *Minimum net worth of $1.5 million *Ability to acquire and/or develop at least 5 restaurants *Operating partner is an equity partner and resides in the desired market -

Financing Options
 
Jack in the Box Franchise
Lick's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Jack in the Box Franchise
Lick's Franchise
Training On-The-Job Training: 183 hours Classroom Training: 110 hours -
Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform-
Marketing --
Operations --

Expansion Plans
 
Jack in the Box Franchise
Lick's Franchise
US Expansion --
Canada Expansion -Yes
International Expansion --

Company Overviews

About Jack in the Box

Jack in the Box is among the nation's leading fast-food hamburger chains, with more than 2000 quick-serve restaurants in 17 states. Jack in the Box Inc. (JACK) is offering a unique opportunity to franchise with one of the most popular brands in the quick-serve restaurant ("QSR") industry. The company's emphasis on operational efficiency and franchisee-focused value innovation has led JACK to become one of the most respected and sought after brands in the industry. The company is looking to establish relationships with select multi-unit franchise operators of non-competitive brands to franchise partial or whole markets as the brand approaches reaching its goal of being an 80% franchised chain. In select seed markets- Cincinnati, Indianapolis, Kansas City, Oklahoma City and Tulsa, growth starts with an acquisition. Franchise recently opened company restaurants and use these locations as a platform for future market development. Seeking new franchisees to develop Amarillo, Champaign, Little Rock, Louisville and Salt Lake City. New Market Development Program: Royalty fees reduced, franchise fee waived, up to 75% of advertising fee invested into local marketing. Restrictions apply and development fees still applicable.

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About Lick's

Opportunities exist for highly motivated, energetic individuals with excellent people skills and the ability to communicate enthusiasm, who share our passion for success and commitment to quality. Get the Lick's Advantage! Lick's offers a "turnkey operation", planning, design, & construction, training, hiring, training of staff, pre-opening assistance, on going support and guidance, operating manuals, recipes and menus, accounting services, purchasing, advertising and promotion. Lick's will assist you with site selection and lease negotiations, and will provide all the necessary planning, design and construction of your store. Lick's provides an extensive, mandatory training program complete with comprehensive manuals for all potential franchisees. Before you open, you will be provided advice and assistance in the hiring and training of required staff and a trained Lick's representative will spend a minimum of four weeks with you at your store to assist in the set up and opening operations. Following this, Licks will provide any and all necessary supervision, consultation and assistance as determined by the Lick's Inspection and support program. You will automatically become a part of the centrally controlled Lick's supply system for food, beverages, paper and other supplies. Lick's also administers a central advertising and promotion fund for highly efficient, cost effective marketing programs and in-store promotions. Lick's is now aggressively developing franchise locations in Ontario and Master Franchise opportunities outside the Ontario Region.