|
Below is an in-depth analysis and side-by-side comparison of Lee's Sandwiches vs Duck Donuts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $235,830 - $1,830,000 | $348,350 - $568,000 |
Franchise Fee | $35,000 - $75,000 | $30,000 |
Royalty Fee | 6.9% | 5% |
Advertising Fee | 2%local +2%Nat'l | 2% |
Year Founded | - | 2006 |
Year Franchised | - | 2013 |
Term Of Agreement | 10 years +5+5+5 | - |
Term Of Agreement | 10 years +5+5+5 | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | We require a minimum of $150,000 in liquid funds (cash, savings, mutual funds, stocks, etc.) and a minimum of $500,000 in total net worth to financially support opening a new Duck Donuts franchise. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | Your or your designated manager will be required to attend an initial training course of 12 weeks for a Production Unit, 8 weeks for a Non-Production Unit or Mall Unit. This initial training will focus on various aspects of your restaurant and include both classroom and on-the-job training. | On-The-Job Training: 24 hours Classroom Training: 16 hours |
Support | *For approximately 10 days we will furnish one of our representatives on site for opening and operations assistance. *provide operational assistance and guidance *loan you a copy of the LEE'S SANDWICHES operations manual | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |