|
Below is an in-depth analysis and side-by-side comparison of Romeo's Pizza vs SPIN! Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $128,000 - $470,500 | N/A |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 1-2%co-op 3% local | - |
Year Founded | - | - |
Year Franchised | - | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | We are looking for successful people with a history of business that have the passion to be in the food service industry. Minimally, the following criteria must be met: Single Unit $100,000 in cash or cash equivalents $250,000 in net worth Multi-Unit Development $200,000 in cash or cash equivalents $800,000 net worth Relevant food service operations experience is required by either the potential franchisee or the franchisee's Operating Partner. This is the single most important factor for success. We also require the Operating Partner to have ownership interest in the organization if the franchisee does not have operations experience. | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | The training program is 4-6 weeks. This program will provide the skills and knowledge to become a Romeo's franchisee. Training will occur at one of Romeo's Pizza Training Restaurants and the Home Office in Medina, Ohio. The Romeo's training includes education on the following: Station Training Management Skills Problem Solving People Development Financial Analysis Local Store Marketing Relentless Pursuit of Pizza Perfection | - |
Support | The Romeo's Executive Team will work to design a program tailored to the specific needs of the potential franchise partner. The potential franchisee and their team will be ready for revenue at the end of the training program. Throughout the process, Romeo's will work with the potential franchisee to complete a business plan. The potential franchisee's team will work with Romeo's franchise development, operations and marketing professionals which will help and assist them in developing, marketing and operating a Romeo's Pizza franchise. | - |
Marketing | - | - |
Operations | The franchisee or a designated Operating Partner will be required to actively manage the day-to-day operations of the business. As such, the franchisee or the designated Operating Partner must live in the area to be developed and possess prior restaurant/retail supervisory experience commensuration with the number of restaurants that are planned for development. | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
SPIN! is known for its hand-spun, stone-fired authentic Neapolitan pizza and wide variety of fresh salads tossed with dressings created in-house daily. In addition to a diverse selection of traditional thin-and-bubbly crust, rustic whole wheat, and gluten-free pizzas, SPIN! offers other Michael Smith created appetizers, soups, salads, signature Panini and Italian deli sandwiches. SPIN!'s signature gelato program, which regularly rotates about 30 flavors, features gelato made from scratch in small batches for SPIN! using natural ingredients. All of SPIN's toppings and ingredients are made from fresh produce and prepared daily � including made-from-scratch soups and salad dressings. SPIN! takes the unique step of roasting all toppings and ingredients in its stone hearth ovens each day, including mushrooms, caramelized onions, artichokes, and even capers, pecans, pineapple, pine nuts, and pancetta. SPIN!'s pizza dough is made fresh every day using several types of flour, including one specially imported from Italy. SPIN! offers both traditional Pizza Rossa (red pizzas with crushed tomato sauce) and Pizza Bianca (white pizzas with roasted garlic olive oil glaze), and many hand-grated cheeses. Its gluten free crust is renowned for its flavor and texture and, along with SPIN!s many popular salads, has brought SPIN! recognition for having the best gluten free menu in Kansas City. SPIN! serves a variety of affordable premium wines priced well below traditional restaurant prices. SPIN! also makes homemade white, red and blood orange sangrias and offers a selection of craft beers. In addition to its wines and artisan menu, SPIN! is known for its pioneering hybrid service model, which combines traditional fast casual ordering in the restaurant's lobby with a robust full service experience at the table. The "premium fast casual" system is especially appealing to diners who want to control the speed of their meal without sacrificing service. This is the second national concept created by SPIN! partners Gail and Richard Lozoff, Edwin Brownell, and Michael Kramer, who are experienced in large multi-unit expansion, franchising, and operations. For information, please visit www.spinpizza.com