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Below is an in-depth analysis and side-by-side comparison of LOCO JUICE vs 16 Handles including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $56,800 - $99,500 | $274,500 - $735,000 |
Franchise Fee | $10,000 | $30,000 |
Royalty Fee | >$200 or 5% weekly | 6% |
Advertising Fee | $200/ month local | 2% |
Year Founded | 1996 | 2008 |
Year Franchised | 2001 | 2010 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | 10% of the then franchise fee |
Business Experience Requirements |
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Experience | - | Experienced business people, franchisees, and multi-unit operators |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/Yes |
Start-up Costs | -/- | No/Yes |
Equipment | -/- | No/Yes |
Inventory | -/- | No/Yes |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | You and your designated manager will participate in an initial training course of approximately 40 hours over five days. The initial program will focus on all aspects of the LOCO JUICE system and is comprised of both classroom and on-the-job training. | 2 Weeks of training at one of our corporate training stores in NYC 1 Week of on site training support by one of our Operations Specialists |
Support | - | As a 16 Handles franchise owner, you will receive full support services every step of the way. Through informative, on-site visits and a comprehensive, confidential operations manual, you will be assisted in all the critical areas, including but not limited to: site selection, building design, initial equipment purchases, hiring, management, food ordering and marketing. And you will have ongoing support from our experienced corporate team to guide you through building your business, controlling your costs and running your business efficiently all the way from post-deposit through grand opening and beyond. |
Marketing | - | - |
Operations | - | A Franchise Business Consultant will be assigned to your store to assist with all business operations |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
According to information we found, LOCO JUICE is now Inactive