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Updated RecentlyJoey Bag a Donuts vs My Friend's Place Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Joey Bag a Donuts vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $207,700 - $587,800 | $156,650 - $260,400 |
| Franchise Fee | $30,000 | $20,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1% | 1% |
| Year Founded | 2009 | 1980 |
| Year Franchised | 2012 | 1980 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal 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 | On-The-Job Training: up to 5 days Classroom Training: up to 10 days | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days |
| Support | Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| Marketing | Co-op Advertising Ad Templates | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6 | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About Joey Bag a Donuts
We specialize in Donuts. Check out our Facebook https://www.facebook.com/donettehoff/ to see a delicious sample.
About My Friend's Place
A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'