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Updated RecentlyWaffy's vs Ricky's Hotel Partnership Program Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Waffy's vs Ricky's Hotel Partnership Program including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $116,680 - $310,000 | $650,000 - And Up |
| Franchise Fee | $30,000 | $45,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 3% |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
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 | Using a combination of classroom and on-the-job instruction, you'll be trained in all aspects of the Waffy's franchise: business operations, administrative procedures, customer service, food preparation techniques, sales, and more. As you prepare to open your store, an experienced trainer will be on hand to help you get off to a good start. | - |
| Support | Operations Manual. Every aspect of the Waffy's franchise is laid out for you in this comprehensive guidebook. In addition to serving as a valuable reference tool, you'll use this manual to help train your managers. Site Selection. You'll receive guidelines for choosing an appropriate location for your Waffy's franchise. Comprehensive Web-based support system. Waffy's offers a high level of support services through its password protected franchise Web portal system which provides: Online training videos and "how-to" tutorials Online ordering from suppliers Management tools (forms, break-even analysis spreadsheets) Calendar for critical dates reminder Communication board (with Waffy's team & among franchisees) Ongoing Service and Support. As a valued member of our franchise family, you will receive continuing support and guidance. We're available by phone or email to address any questions or concerns and a Waffy's field representative will periodically visit your store. | - |
| Marketing | We'll share our expertise with you in promoting the Waffy's concept, which includes providing you with marketing and advertising materials and strategies. | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | Yes |
| International Expansion | - | - |
Company Overviews
About Waffy's
About Ricky's Hotel Partnership Program
For over fifty years, Ricky’s has been serving great food and making guests feel like they’re at home. Our 70+ locations throughout Canada are focused on upbeat, efficient customer service in a family-friendly environment.
Our commitment to friendly, quick service sets the gold standard in our industry. The innovative menu and food features are designed to bring folks in - and keep them coming back.
Ricky’s has proven menus and a business model focused on optimizing space to improve profit. We’re unique in the casual dining category because we perform well in all three day parts - breakfast, lunch, and dinner. This day long success with guests is part of Ricky’s well-known brand.
Ricky’s leads in the breakfast category in every market we compete in. Hotel guests and area residents both love having a Ricky’s close so they can enjoy our famous breakfasts and all day, family dining.