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Below is an in-depth analysis and side-by-side comparison of Taechang Family vs Black Bear Diners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | N/A | $1,133,800 - $2,114,200 |
Franchise Fee | N/A | $55,000 |
Royalty Fee | - | 4.5% |
Advertising Fee | - | 1% |
Year Founded | 1999 | 1995 |
Year Franchised | 1999 | 2002 |
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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 240 hours Additional Training: At certified training restaurants |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - | Number of Employees Required to Run: 65 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |