|
Below is an in-depth analysis and side-by-side comparison of Iceberg Drive Inn vs Hummus & Pita Co including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $132,500 - $556,000 | $409,000 - $734,500 |
Franchise Fee | $25,000 | $40,000 |
Royalty Fee | - | 6% |
Advertising Fee | - | 3% |
Year Founded | 1960 | 2011 |
Year Franchised | 2001 | 0 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | Prospective franchisees must meet the minimum requirements listed below in order to be considered for a Hummus & Pita Co. franchise. * $1MM net worth * $500K liquid capital available for investment * Willing to develop a territory of at least 5 Units * Ready to begin territory development within the next 3 months |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | - |
Support | - | The Hummus & Pita Co. is committed to quality and consistency at every location and has developed systems which make duplicating the famous recipes and flavors easy for franchisees. We use best-in-class partners to guarantee product consistency and distribution to all restaurants. Additional support provided to franchisees includes: * Real Estate/Site Selection * Store Build-Out/Construction * Training Systems * Operational Support * Recipe and Menu Development * Marketing and Brand Building * Vendor and Equipment Selection * Point of Sale System * Pre-Opening/Grand Opening Support * Business Consulting |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
The first Iceberg Drive Inn was opened by Lamar Sorensen on April 12, 1960. A local ice cream machine salesman named Hap Vitale had the idea for a building with a distinctive roof that served great milkshakes, burgers and fries. He convinced Lamar to open this concept and Iceberg Drive Inn was born. It was located on the corner of 900 East and 3900 South in Salt Lake City, Utah. The building was originally designed to be moved after a few years as he was only renting the land at the time. Many report that it was the first drive thru in the Salt Lake City area. Lamar insisted that Drive Inn be spelled with two "n’s” as he felt it appeared friendlier to invite people to an "inn” rather than simply a "drive in”.