Binghamton Hots vs PINCHO Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Binghamton Hots vs PINCHO including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Binghamton Hots Franchise
PINCHO Franchise
Investment $122,850 - $213,450$463,055 - And Up
Franchise Fee $25,000$30,000
Royalty Fee 5%5%
Advertising Fee 2%2%
Year Founded -2014
Year Franchised -2014
Term Of Agreement 10 years +5+5-
Term Of Agreement 10 years +5+5-
Renewal Fee --


Business Experience Requirements
 
Binghamton Hots Franchise
PINCHO Franchise
Experience Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate.-

Financing Options
 
Binghamton Hots Franchise
PINCHO Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/--/-
Start-up Costs No/--/-
Equipment No/--/-
Inventory No/--/-
Receivables No/--/-
Payroll No/--/-

Training & Support
 
Binghamton Hots Franchise
PINCHO Franchise
Training Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions-
Support We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis.-
Marketing --
Operations --

Expansion Plans
 
Binghamton Hots Franchise
PINCHO Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Binghamton Hots

Everyone, from college kids and downtown residents to families and workers from local businesses, comes in to Binghamton HOTS for food and fun, throughout the day and night.

You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
  • You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
  • You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.
Best of all, you can operate your local HOTS spot with confidence, with our full support at every stage of your restaurant’s operations.

About PINCHO

"Pincho
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.