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Updated Recentlyla prep vs PINCHO Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of la prep vs PINCHO including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $300,000 - $425,000 | $463,055 - And Up |
| Franchise Fee | $35,000 | $30,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | 2% |
| Year Founded | 2010 | 2014 |
| Year Franchised | 2010 | 2014 |
| Term Of Agreement | 10 years+5 | - |
| Term Of Agreement | 10 years+5 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | No related experience is necessary, just your desire to learn. We provide all the training and assistance you will need to operate your franchise. | - |
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 | 3-week training program provides hands-on experience covering all phases of operating your la prep franchise. You will receive Operations Manuals that cover everything from employee hiring and training to product preparation, management, advertising and business systems. The training continues with special on-site support by one of our training managers for 1 week for your restaurant opening. | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
Company Overviews
About la prep
la prep is a privately-owned Canadian restaurant franchising system. Our dedicated franchisees are hands-on owner/operators that are both personally and financially committed to their business, resulting in a maximized level of customer service. As we continue our expansion of the brand we are always searching for qualified individuals to join our franchise community.
About PINCHO
!["Pincho]("https://fddexchange.com/wp-content/uploads/2020/01/Pincho-300x156.png")
Pincho is an elevated fast-casual Latin grill concept. We’re a
concept that was born from a passion for food and is ready to grow to
the next level. We’re a modern-day burger and kebab joint, and we
haven’t seen any other new franchise opportunity out there doing things
quite like us.
“There’s nobody else like us in the U.S.,” says CEO and Co-Founder
Otto Othman. “I’m not sure there’s anybody else like us anywhere that is
serving up these kinds of meals influenced by iconic Latin street food
and Latin American dishes. You wrap all that up into a concept that has
fantastic economics, and you have something truly unique.”
The total investment necessary to begin operation of a Pincho franchise
under a franchise agreement is $463,055 - $655,500. This includes
$30,000 that must be paid to the Franchisor or affiliate.
The total
investment necessary to begin operation of a Pincho franchise for the
first restaurant if you sign an Area Development Agreement, which
requires a minimum development of 3 Pincho Restaurants, is $523,055 -
$715,500. This includes $90,000 that must be paid to the Franchisor or
affiliate. If you and the franchisor agree to the development of more
than 3 Pincho Restaurants, then your initial total investment for the
first restaurant will increase by the number of additional Restaurants
to be opened under the Area Development Agreement, multiplied by
$30,000.