|
Below is an in-depth analysis and side-by-side comparison of Red Wheel Fundraising vs My Very Own Adventure! including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $38,000 - $86,000 | $7,495 - $19,995 |
Franchise Fee | $20,000 | N/A |
Royalty Fee | 8% | $2.00/DVD |
Advertising Fee | - | - |
Year Founded | 1982 | - |
Year Franchised | 1988 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2000 | - |
Business Experience Requirements |
||
Experience | - | General business experience. Computer, video, and photography experience is helpful. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | * Available at headquarters: 30 hours+ * At franchisee's location: 8 hours+ * At existing franchisees' locations: 30 hours+ | - |
Support | - | Setup Manual Operations Manual Online support via e-mail, website FAQ Phone support Newsletter Marketing materials (at cost) |
Marketing | - | - |
Operations | * Franchise can be run from home * 30% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 1 - 3 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Business model can be run from home, only if being used to schedule on-location events. Licensee can own more than one unit. System can be operated by one person. |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | Yes |
Since 1982 Red Wheel has been in the business of manufacturing food for fundraising. Headquarters are in Council Bluffs, Iowa. Our business has grown steadily. Today Red Wheel is the industry’s largest manufacturer of the best variety of frozen food for fundraising.
Complete Turnkey Personalized Video Studio "My Very Own Adventure!" is a unique green screen video product that lets people of all ages star in their own cartoon or video. By using our patent-pending green screen technology, we're able to superimpose your full body into the video of your choice. Your customers can experience movie magic and star in their own video by acting out scenes on the green screen stage. Anyone can drive a race car, beat up ninjas, fight off a hoard of zombies, escape from a spooky manor, or even play hockey. We currently offer 15 great Adventures to choose from, both live action and cartoon animation for all ages! In only five minutes, customers can get their own personalized take-home DVD.