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Updated RecentlyFlippers Pizzeria vs Old Chicago Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Flippers Pizzeria vs Old Chicago including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $219,750 - $450,000 | $1,331,500 - $2,187,000 |
| Franchise Fee | $30,000 | $40,000 |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 4% local+1%Nat'l | 3% |
| Year Founded | 1987 | 1976 |
| Year Franchised | 2010 | 2000 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | We request that potential franchisees have 25%-30% of the total investment in liquid capital, have a net worth to cover 100% of the total investment to open a Flippers franchise and good credit ratings. We would like for our franchisees to have restaurant experience and a strong passion for Flippers and its core values. Franchisees must also have a customer oriented attitude, a strong desire to succeed and grow, a great business sense and comprehension of the Flippers model. In addition you must have the ability to run all aspects of a business including employment, daily operations, and the ability to adhere to the Flippers franchises structure and standards. | - |
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 | - | The Old Chicago training department will provide Franchisees, their management team, and staff, comprehensive training programs that combine both restaurant and classroom training. All Franchise management teams will receive seven weeks of in-store training at a designated Old Chicago training restaurant. On-The-Job Training: 350 hours |
| Support | We provide you and a person of your choice with 80 hours of training at one of our Orlando, Florida pizzerias. We also provide grand opening support, including assisting you in readying your store, providing on-site training tailored to meet your needs. We then follow through with unparalleled on-going support throughout the terms of your agreement. | A set of comprehensive manuals are provided to an Old Chicago Franchisee upon the signing of the Operating Agreement. These manuals are designed for easy reference and serve as an authoritative source of information about Old Chicago standard operating policies and procedures. These manuals are frequently updated to reflect Old Chicago's response to the changing needs of today's guests. Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | - | Old Chicago restaurants rely primarily on a Local Restaurant Marketing (LRM) program that allows each store to choose the marketing programs and promotions that match the needs of the individual store's market. Advertising and promotional materials are available at a reasonable cost to Franchisees that support a LRM program. As such we employ our own graphics designer to assist Franchise Partners with their LRM design needs. We also employ a marketing professional to consult with our Franchise Partners. Co-op Advertising Ad Templates National Media Regional Advertising Email marketing Loyalty program/app |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Flippers Pizzeria
Flippers have been serving the perfect pizza since 1987 and now are inviting you to be part of our family through our franchise opportunity. Flippers' secret for success is dedicated, passionate team members focused on exceeding our customers' expectations and therefore consistently providing the highest level in Value and Service. Using the finest ingredients, a proven operational model, and an established brand provides you with a strong advantage in starting your own successful pizzeria. We will not only share with you our Passion for the perfect pizza, but through our extensive support and dedication to our franchisees, you share in our expertise through the support of our Professional team. From the site selection to layout and design to extensive training to daily operations to marketing support, we are here to assist and support our franchisees. Our philosophy is, "if our franchisees succeed, we succeed." As a Flippers franchisee, you are our brand partner. You benefit from proven quality, brand awareness, and customer loyalty - all results of the strong Flippers brand and our expanding franchise network. With over 30 years of proven success in the restaurant industry, we provide our franchisees with the expertise and know-how to run a successful pizzeria from day one! We look forward to discussing our opportunity in person and work with you to become part of our Flippers Pizzeria family.
About Old Chicago
Opportunity Awaits
After 33 years of company growth, we are now offering a unique opportunity for a select number of entrepreneurs to take our proven brand into new markets.
Old Chicago is a leader in the casual dining pizza segment. We currently have territories available in many highly desirable markets, which presents an exceptional chance to establish our winning concept in choice locations.
WHY CHOOSE OLD CHICAGO?
Adaptable Site Requirements
Old Chicago's brand identity does not rely on a typical "box" to succeed. Our adaptive development strategy and flexible design allow stores to be constructed in many different types of sites, including prototype buildings, conversions/retro-fits, strip center end-cap locations, and non-traditional sites.
Sales Mix Advantage
With approximately 40% of historical system sales from our bar and drink business, Old Chicago's sales mix provides operators with a real opportunity to differentiate themselves from other casual dining concepts. Our high mix of bar sales is one of the main reasons why our stores experience exceptionally low Cost of Goods Sold (COGS). Our 60 company stores finished the year in 2008 with an average COGS of 25.6%.
Brand Strength & Versatility
Our brand has three decades of proven success and a loyal customer base in our existing markets. Old Chicago is a timeless concept that has that rare ability to appeal to a variety of consumers. Many casual dining concepts seem to copy each other in their menus and restaurant "feel". The Old Chicago concept is uniquely different.
Our bars have the rich, dark feel of a "freshly scrubbed joint". Our dining room areas with our new pizza bars really appeal to families and couples.
Broad Customer Appeal
Our bar area, along with our unique guest loyalty program -"The World Beer Tour" appeal to a younger, single customers. They create the high energy levels that have made our bars famous. With thirty beer varieties on tap, and another eighty varieties in bottles, we have created an exciting taste journey for our World Beer Tour members. No matter your age or occupation, there is a tremendous sense of accomplishment when your name goes on a plaque in your home store because you have completed the World Beer Tour.
The total investment necessary to begin operation of an Old Chicago
Restaurant franchised business is between $1,331,500 and $1,957,000.
This includes $98,250 and $135,250 that must be paid to the franchisor
or its affiliates.
The total investment necessary for an Area
Development Franchise includes the investment necessary to begin
operations of one Restaurant, plus a development fee of $50,000, plus an
initial franchise fee deposit of $20,000 multiplied by the number of
Restaurants (excluding the first Restaurant) which you must open.
The estimated total investment necessary to begin operation of an Old Chicago
Area Development Franchise is between $1,401,500 (for two
Restaurants) and $2,187,000 (for ten Restaurants). This includes between
$168,250 and $365,250 that must be paid to the franchisor or its
affiliates.
#299 in Franchise 500 for 2020.