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Below is an in-depth analysis and side-by-side comparison of Chez Cora vs Waffle Brothers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $591,000 - $883,500 | $161,000 - $288,750 |
Franchise Fee | $45,000 | $40,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 3% | - |
Year Founded | 1987 | - |
Year Franchised | 1993 | - |
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 | Six to seven week training program theoretical and practical | - |
Support | The main function of the Franchisor is to assist the franchise system. This means providing ongoing phone calls, restaurant visits and coaching to ensure all Cora's systems, specifications and standards are in place to drive consistent operations and profitable sales. | - |
Marketing | - | - |
Operations | We require owner/operators. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
"Queen of Quebec Breakfasts."
Cora, an enterprising businesswoman with eight thriving restaurants, had yet another recipe for success. Motivated by the success of her breakfast concept, Cora and her ambitious family decided to franchise their restaurants. For Cora, developing the breakfast food business niche meant doing it better than anybody had ever done it anywhere. Like any good recipe, success takes time to perfect. Cora, supported by her diligent team, slowly but surely developed more expertise in the business, and her unerring drive for perfection earned her the title, "Queen of Quebec Breakfasts." Because she loved cooking for a crowd, Cora was continually opening new restaurants until she realized she could teach others her winning recipe. So began her foray into franchising. In 1993, Cora explored the possibility of franchising and was delighted to find that her business formula met all the criteria established by franchising specialists. Her dream of having restaurants throughout Quebec was about to become a reality. Franchising soon became Cora's business strategy to achieve her primary objective. For Cora, franchising allowed her to: offer breakfasts in as many places as possible, as often as possible and to as many customers as possible. Cora's offers:
The business of Master Franchising is growing as more and more people find out about the opportunity to own, develop and support a territory through franchising. One of the attractive reasons for owning a Master Franchise is the passive income it can generate through the royalty stream. It is also a very attractive investment for many who want to own their own business, for those who possess management, leadership or consulting experience and for those looking to own a business and to not have to work 50-60 hours a week every week. Master Franchises typically cost from 150K-over 300K. The role of the Master or also called Regional Developer is to grow their territory through franchise sales and to provide support to their franchisees. Waffle Brothers provides training to the Masters on how to do just that. Masters make their money on franchise sales splitting the franchise fee with the franchisor 50/50 and through receiving 2.5% of franchisees gross revenue through royalties as well. A mature royalty stream has shown to produce a very attractive passive income. It is for these facts that Master Franchising is one of the best kept secrets in business today. For more information on Master Franchising and Waffle Brothers please fill out our information form.