|
Below is an in-depth analysis and side-by-side comparison of Bananas Smoothies & Frozen Yogurt vs sweetFrog including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $224,500 - $457,000 | $95,600 - $477,500 |
Franchise Fee | $22,000 - $37,200 | $15,000 - $30,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 1% | 1.5% |
Year Founded | 1975 | 2009 |
Year Franchised | 2003 | 2012 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 24 hours Classroom Training: 24 hours Additional Training: As needed |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line 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 Loyalty program/app |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 19 | 50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators). |
Expansion Plans |
||
US Expansion | - | No |
Canada Expansion | - | No |
International Expansion | - | No |
Bananas Smoothies & Frozen Yogurt is a quick serve restaurant style frozen treat franchise concept with a menu featuring the chain's proprietary Everything Yogurt brand frozen yogurt, Bananas Smoothies & Frozen Yogurt brand smoothies and frosties, and Gretel Pretzel brand hand-rolled pretzels. Other offerings include premium flavored coffees, espresso, cappuccino, muffins, ice cream, nuts, candies, bagels, cookies, cakes and flavored popcorn, as well as specialty items such as Bananas apparel and gifts.