![]()
| ||||
Below is an in-depth analysis and side-by-side comparison of Crabby Bob's Seafood Grill vs Coconut's Fish Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,500,000 - $3,500,000 | $412,750 - $808,750 |
| Franchise Fee | $50,000 | $60,000 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | up to 2% | 1% |
| Year Founded | 1997 | 2009 |
| Year Franchised | 1998 | 2013 |
| Term Of Agreement | 15 years +10 | - |
| Term Of Agreement | 15 years +10 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | Irvine, CA 8-10 Weeks
TBD 8-10 Weeks | Additional Training: At existing franchise store |
| Support | Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Franchisee Newsletter Regional or National Meetings: At Additional Cost | Grand Opening Online Support Field Operations |
| Marketing | - | - |
| Operations | Average Number of Employees: 8 Full-time, 25 Part-time Passive Ownership: Allowed | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 30 |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Michael Phillips, a successful entrepreneur several times over in the restaurant industry, founded Coconut's Fish Cafe (Coconut's) in 2009 in Kihei, Hawaii on the island of Maui. Retired in Hawaii yet seeking a restaurant offering fresh foods and outstanding service, Phillips started Coconut's to enjoy great-tasting meals with his neighbors in Kihei. Today, Coconut's is revolutionizing the fast casual restaurant sector with its fresh, healthy and affordable menu options, featuring wild-caught fish and a wide selection of fresh, authentic Hawaiian ingredients. Currently with its flagship in Hawaii and corporate headquarters in Nevada, the restaurant concept is expanding across the country through a focused franchising initiative.