|
Below is an in-depth analysis and side-by-side comparison of Buscemi's Pizza vs SPIN! Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $36,000 - $55,000 | N/A |
Franchise Fee | $10,000 | N/A |
Royalty Fee | $700/ month | - |
Advertising Fee | - | - |
Year Founded | 1955 | - |
Year Franchised | 0 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
Buscemi’s present competition comes from single unit operators of party stores. Consequently, as the only party store chain of any real size in Michigan, Buscemi’s has for years enjoyed a good measure of leadership in the Southeastern Michigan marketplace.
Management believes the superior food products and services offered in the Buscemi’s Party Shoppes, if coupled with greater marketing and advertising, could place the Company in a truly dominant position in Michigan. If rapid growth can be attained in the Michigan market area, Buscemi’s may eventually consider expansion into the national market for party and convenience stores.
Growth in Michigan will be through the conversion of existing party and liquor stores in southeastern Michigan, which hold state liquor, beer and wine licenses, and lottery licenses. New licenses are becoming increasingly difficult to obtain, so the purchase of an existing license is a much surer method. These stores will then be converted by remodeling with a new Buscemi’s decor package, signage and menu. The Submarine sandwiches. Such stores can be converted to the Buscemi’s concept and reopened in as little as 60-90 days.
The initial focus for selling new franchises will be accomplished through store conversions and offering reduced franchise fees and royalty payments to persons who convert their stores to Buscemi’s Party Shoppes.
SPIN! is known for its hand-spun, stone-fired authentic Neapolitan pizza and wide variety of fresh salads tossed with dressings created in-house daily. In addition to a diverse selection of traditional thin-and-bubbly crust, rustic whole wheat, and gluten-free pizzas, SPIN! offers other Michael Smith created appetizers, soups, salads, signature Panini and Italian deli sandwiches. SPIN!'s signature gelato program, which regularly rotates about 30 flavors, features gelato made from scratch in small batches for SPIN! using natural ingredients. All of SPIN's toppings and ingredients are made from fresh produce and prepared daily � including made-from-scratch soups and salad dressings. SPIN! takes the unique step of roasting all toppings and ingredients in its stone hearth ovens each day, including mushrooms, caramelized onions, artichokes, and even capers, pecans, pineapple, pine nuts, and pancetta. SPIN!'s pizza dough is made fresh every day using several types of flour, including one specially imported from Italy. SPIN! offers both traditional Pizza Rossa (red pizzas with crushed tomato sauce) and Pizza Bianca (white pizzas with roasted garlic olive oil glaze), and many hand-grated cheeses. Its gluten free crust is renowned for its flavor and texture and, along with SPIN!s many popular salads, has brought SPIN! recognition for having the best gluten free menu in Kansas City. SPIN! serves a variety of affordable premium wines priced well below traditional restaurant prices. SPIN! also makes homemade white, red and blood orange sangrias and offers a selection of craft beers. In addition to its wines and artisan menu, SPIN! is known for its pioneering hybrid service model, which combines traditional fast casual ordering in the restaurant's lobby with a robust full service experience at the table. The "premium fast casual" system is especially appealing to diners who want to control the speed of their meal without sacrificing service. This is the second national concept created by SPIN! partners Gail and Richard Lozoff, Edwin Brownell, and Michael Kramer, who are experienced in large multi-unit expansion, franchising, and operations. For information, please visit www.spinpizza.com