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Below is an in-depth analysis and side-by-side comparison of 16 Handles vs Vitality Juice including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $274,500 - $735,000 | $128,000 - $393,500 |
Franchise Fee | $30,000 | $15,000 - $35,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | - |
Year Founded | 2008 | 2004 |
Year Franchised | 2010 | 2005 |
Term Of Agreement | 10 years | 15 years |
Term Of Agreement | 10 years | 15 years |
Renewal Fee | 10% of the then franchise fee | $10000 |
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 | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | -/- | No/Yes |
Payroll | -/- | No/Yes |
Training & Support |
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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 | * Available at headquarters: 2 weeks * At franchisee's location: 1 week * Ongoing as needed, at any location |
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 | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 12 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING