Chez Cora vs Ricky's Hotel Partnership Program Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Chez Cora vs Ricky's Hotel Partnership Program including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Chez Cora Franchise
Ricky's Hotel Partnership Program Franchise
Investment $591,000 - $883,500$650,000 - And Up
Franchise Fee $45,000$45,000
Royalty Fee 6%5%
Advertising Fee 3%3%
Year Founded 1987-
Year Franchised 1993-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Chez Cora Franchise
Ricky's Hotel Partnership Program Franchise
Experience --

Financing Options

 
Chez Cora Franchise
Ricky's Hotel Partnership Program Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Chez Cora Franchise
Ricky's Hotel Partnership Program Franchise
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

 
Chez Cora Franchise
Ricky's Hotel Partnership Program Franchise
US Expansion --
Canada Expansion -Yes
International Expansion --

Company Overviews

About Chez Cora

"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:

 

About Ricky's Hotel Partnership Program

For over fifty years, Ricky’s has been serving great food and making guests feel like they’re at home. Our 70+ locations throughout Canada are focused on upbeat, efficient customer service in a family-friendly environment.

Our commitment to friendly, quick service sets the gold standard in our industry. The innovative menu and food features are designed to bring folks in - and keep them coming back.

Ricky’s has proven menus and a business model focused on optimizing space to improve profit. We’re unique in the casual dining category because we perform well in all three day parts - breakfast, lunch, and dinner. This day long success with guests is part of Ricky’s well-known brand.

Ricky’s leads in the breakfast category in every market we compete in. Hotel guests and area residents both love having a Ricky’s close so they can enjoy our famous breakfasts and all day, family dining.