|
Below is an in-depth analysis and side-by-side comparison of Franktitude vs Melt Shop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $169,200 - $284,000 | $368,240 - $698,800 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | 2% | 2% |
Year Founded | 2006 | 2010 |
Year Franchised | 2006 | 2017 |
Term Of Agreement | - | 5 Years +5+5+5 |
Term Of Agreement | - | 5 Years +5+5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | Melt Shop is seeking well capitalized partners who are entrepreneurial and have a strong knowledge of their market. The ideal franchisee is a proven multi-unit operator in the restaurant industry. At this time we are not offering sub-franchises. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 224 hours Classroom Training: 24 hours |
Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app |
Operations | Franktitude offers all of the services you expect from a top-tier franchise, from site assistance to training to ongoing support. Absentee ownership is allowed�our register system allows remote access so you can keep tabs on the restaurant via your Blackberry or PDA. Single and multiple unit development will be considered throughout the Southeastern U.S. | Number of Employees Required to Run: 15 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
A Different Kind of Eatery Franktitude is a top notch alternative to fast food and quicker and more affordable than fast casual. At Franktitude, customers choose among 50 toppings to pile on their choice of franks (100% beef, turkey or veggie), or sandwiches (ciabatta, panini, or wraps) or salad. At Franktitude, you can eat as healthy�or as hearty�as you want. The Franktitude footprint is small which makes for a lower investment than most other restaurant franchises. Little or no actual cooking takes place which means exceptionally easy day-to-day operations. And every single restaurant is guaranteed a protected area so you don't have to worry about competing with your own brand!