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Below is an in-depth analysis and side-by-side comparison of Iceberg Drive Inn vs Tin Drum Asia Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $132,500 - $556,000 | $400,800 - $617,250 |
Franchise Fee | $25,000 | $49,000 - $99,000 |
Royalty Fee | - | 6% |
Advertising Fee | - | 1.5% |
Year Founded | 1960 | 2003 |
Year Franchised | 2001 | 0 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | 50% of franchise 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 | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | We prefer to be located in lifestyle centers or mixed-use developments with lots of foot traffic and a good mix of other national and local tenants. We will also consider well-positioned neighborhood shopping centers; urban/downtown locations with strong daytime population and foot traffic; and areas near college and university campuses. |
Expansion Plans |
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US Expansion | - | No |
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”.