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Below is an in-depth analysis and side-by-side comparison of The Cheesecake Shop vs Corner Bakery Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $150,000 - $700,000 | $854,000 - $2,375,000 |
Franchise Fee | N/A | $25,000 |
Royalty Fee | 9% | 5% |
Advertising Fee | 2% | - |
Year Founded | 1992 | - |
Year Franchised | 1993 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | * $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * �Best in class� operators within your current system * Employer of choice within your current system |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | Our initial training involves an intensive four week course and includes both theoretical and practical components. Once you complete your training course you can also call on the assistance of our skilled franchise business coaches and quality assurance team. These teams visit on a regular basis to provide guidance on how to improve the operation of your store. | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Become a part of Australia's sweetest franchise Starting in your own business from scratch can be a very daunting experience. Increasingly people in search of an independent lifestyle and self employment choose franchising to minimise the commercial risks and to gain financial security through a known brand with a proven successful business model. The Cheesecake Shop is an iconic Australian brand which automatically brings with it huge national consumer awareness from which you benefit the day you join our franchise network. The value of joining The Cheesecake Shop is in our successful and proven franchise model, our 20 year history, 200 stores internationally and the 4 million cakes we sell every year. The reason for The Cheesecake Shops continuing success is a combination of our store level operating systems, franchisee support and training, business coaching and centralised purchasing power. These combine to produce an evolving, innovative, sustainable and relevant retail offer that keeps our customers coming back for years.
Corner Bakery Cafe has its eyes on more cafes in the Austin market and throughout Central Texas. "Austin is a booming market that has long been on our radar," "The large student population, presence of young business professionals and strong economy of our state capital make it the perfect place to offer our fast-casual dining experience." "We already have 22 thriving franchise and company-owned Corner Bakery locations around the state, and the prospect of adding at least 50 additional cafes in the next eight years is very exciting," said John LaBarge, vice president of franchise business development at Corner Bakery Cafe. Here's what we're looking for: * $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * "Best in class" operators within your current system * Employer of choice within your current system