|
Below is an in-depth analysis and side-by-side comparison of La Salsa Fresh Mexican Grill vs Hooters including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $189,550 - $992,590 | $956,500 - $4,275,000 |
Franchise Fee | $25,000 - $50,000 | $75,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 3% | 2.5% |
Year Founded | 1979 | 1983 |
Year Franchised | 1989 | 1986 |
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 | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | 6-8 weeks management training & at grand opening | On-The-Job Training: Varies Classroom Training: Varies |
Support | Meetings, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection |
Marketing | Co-op advertising, Ad slicks | Ad Templates National Media Regional Advertising Social media Website development Loyalty program/app |
Operations |
Franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | No |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
There are no franchise opportunities available in the United States. Every region has been sold and our franchisees are not allowed to sub-franchise. International Hooters of America has franchise opportunities in the following countries: * Baltic States * Belorussia * Benelux * Bolivia * Bulgaria * Canada (Newfoundland) * Czech Republic * Denmark * Dominican Republic * Ecuador * Finland * France (multi-territory) * Hungary * Iceland * Italy (multi-territory) * Netherlands * Norway * Poland