Hogi Yogi vs Newk's Franchise Comparison

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

Start-Up Costs and Fees
	Hogi Yogi Franchise	Newk's Franchise
Investment	$108,000 - $452,000	$971,100 - $1,207,350
Franchise Fee	$25,000 - $30,000	$40,000
Royalty Fee	6%	5%
Advertising Fee	-	1.5%
Year Founded	1989	2004
Year Franchised	1993	2004
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	none
Business Experience Requirements
	Hogi Yogi Franchise	Newk's Franchise
Experience	-	Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets).
Financing Options
	Hogi Yogi Franchise	Newk's Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/-	-/Yes
Start-up Costs	-/-	-/Yes
Equipment	-/-	-/Yes
Inventory	-/-	-/Yes
Receivables	-/-	-/Yes
Payroll	-/-	-/Yes
Training & Support
	Hogi Yogi Franchise	Newk's Franchise
Training	-	On-The-Job Training: 276 hours Classroom Training: 74 hours
Support	-	Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing	-	Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations	-	Number of Employees Required to Run: 50
Expansion Plans
	Hogi Yogi Franchise	Newk's Franchise
US Expansion	-	-
Canada Expansion	-	-
International Expansion	-	-

Company Overviews

About Hogi Yogi

In 1989, Mike Clayton, organizer of Hogi Yogi®, perceived the market capability of two prominent nourishment sections in the fast food industry: submarine (hoagie) sandwiches and solidified yogurt. Mike is an alum of Brigham Young University with a Masters in Accounting and had labored for a long time with a Big Six bookkeeping firm. Mike says, "By then in my life- - I was 27- - I chose I needed to go into the fast-food industry, yet it wasn't until I'd done a considerable measure of research that I realized what it ought to be."

The introduction of the "Hogi" and "Yogi"

He had a companion whose father had concocted a sweet machine that utilized normal solidified yogurt without including air or sugar. The outcomes possessed a flavor like dessert and had the surface and appearance of frozen yogurt, yet had the nutritious estimation of solidified yogurt. Mike and a couple of financial specialists experienced many names until one Sunday at the family supper table, somebody made a joke about his "hogis and yogis", and the name stuck. "At to begin with, everybody thought it was entertaining and a couple likely thought about whether we were not kidding," says Mike, "Yet it's something individuals recall. It's been a decent decision."

The First Restaurant

The principal eatery was implicit the Northern Utah town of Logan. Eateries in Provo, Orem, and West Valley City took after, and business kept on climbing. A long time of research and work went into the couple of eateries before diversifying began - building up the thought happened amid these years.

Diversifying and the Future

Diversifying began in 1993. Right now, there are more than 70 eateries in Utah, California, Idaho, Arizona, Nevada, Texas, and North Dakota. Our present objective is to open one beneficial eatery at once.

Turn into a part of our group!

Much obliged to you for your enthusiasm for our Hogi Yogi/Teriyaki Stix establishment opportunity! Right now, we are redesigning our Franchise Disclosure Document (FDD). This implies we are presently not able to investigate our establishment opportunity with you because of FTC directions. We envision the procedure will be finished in two or three months. In the event that you take after the connection underneath and round out the frame, we will be in touch when our records are prepared. Much obliged to you for your enthusiasm for a Hogi Yogi or Teriyaki Stix establishment. We anticipate talking with you!

About Newk's

Experienced restaurateurs know that the only constant in our industry is change. Newk's has a flexible menu designed for timeless appeal with three primary components - sandwiches, salads and pizzas. These were chosen to provide maximum adaptability to changing costs, tastes and regional preferences.
Newk's is also a flexible concept adaptable to many venues.
* Pad or commercial sites
* Strip and lifestyle centers
* Urban/downtown locations
* Conversions of existing restaurants
* Enclosed mall/food court locations
* University or office locations
* Airport, train station or other non-traditional locations

The Newk's Express Cafe franchise program is designed for growth; it's designed to provide you and your organization with the guidance, the training and the tools to implement our innovative concept, and to refine and grow for many years to come. The Newk's Express Cafe strategy is to provide each customer with many ways to enjoy Newk's, and help franchise owners maximize the benefit of each customer relationship.

The Newk's Concept offers:
* Dine-in
* Takeout
* On-site catering
* Retail sales
* Corporate sales programs

Get Growing - with Newk's Express Cafe
If you are looking for a solid business opportunity designed for growth, consider the advantages of the Newk's Express Cafe franchise opportunity:
* A concept validated by industry trends
* Limited menu with unlimited appeal
* A streamlined, efficient operational system
* Flexible menu, adaptable to change in trends and tastes
* Flexible store design/location options
* Long-term, multi-unit franchise focus
* An experienced, respected management team
* Strong training and marketing programs