Mr. Goodcents vs Freddy's Frozen Custard & Steakburgers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Goodcents vs Freddy's Frozen Custard & Steakburgers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mr. Goodcents Franchise
Freddy's Frozen Custard & Steakburgers Franchise
Investment $211,432 - $431,843$640,552 - $2,077,046
Franchise Fee $35,000$25,000
Royalty Fee 6%4.5%
Advertising Fee 3.5%3.75%
Year Founded 19882002
Year Franchised 19902002
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 60% of current fee1/3 of Franchise Fee


Business Experience Requirements
 
Mr. Goodcents Franchise
Freddy's Frozen Custard & Steakburgers Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Mr. Goodcents Franchise
    Freddy's Frozen Custard & Steakburgers Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Mr. Goodcents Franchise
    Freddy's Frozen Custard & Steakburgers Franchise
    Training On-The-Job Training: 120 hours Classroom Training: 40 hours On-The-Job Training: 140-150 hours Classroom Training: 10-20 hours
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Ad Templates Social media SEO Website development Email marketing
    Operations Franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    Mr. Goodcents Franchise
    Freddy's Frozen Custard & Steakburgers Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Mr. Goodcents

    MR. GOODCENTS HAS DROPPED THE MR. AND IS NOW GOODCENTS DELI FRESH SUBS Joseph Bisogno started out running a lemonade stand when he was 6, bought an ice cream truck at 18 and later purchased a gas station. In 1988, Bisogno started Mr. Goodcents Inc. after nearly 10 years of experience with the McDonald's Corp. The first Mr. Goodcents franchised location opened just 2 years later, and there are now more than 115 franchised restaurants nationwide. The locations offer dine-in, carry-out and delivery of salads, soup, pastas and submarine sandwiches ranging from traditional turkey, ham and cheese or meatball, to specialties like the Mr. Goodcents Combo, which features ham, bologna, salami and pepperoni.

    Veteran Incentives  50% off franchise fee

    About Freddy's Frozen Custard & Steakburgers

    Much obliged to you for your enthusiasm for our establishment program. Joining the Freddy's family will unquestionably suit your longing to be a piece of one of the best business openings around. Freddy's offers you an approach to enter the universe of diversifying, work for yourself and settle on business choices that permit you the flexibility to receive the benefits of your own diligent work. We trust that the Freddy's framework offers extraordinary chances to potential establishment accomplices who have an unwavering and uncompromising duty to Guest friendliness and sustenance quality. We happily welcome you to research encourage into this one of a kind business opportunity. At Freddy's, solidified custard is such a mark some portion of the menu that it's incorporated into the name. Be that as it may, shockingly, the Freddy's story doesn't start with sweet. It began with a primary course back in the 1950's. Freddy used to treat family and companions to his own formula of an American exemplary he called "the steakburger." Today, thousands assemble at Freddy's for nourishment and partnership reminiscent of years past, a less complex time. Consider joining the future development of Freddy's, with numerous domains still accessible around the nation. Demonstrated idea, demonstrated pioneers, and YOU.

    The total investment necessary to begin operation of a Freddy’s Restaurant franchise ranges from $640,552 to $1,131,726 for an In-Line Restaurant, $766,062 to $1,889,891 for an End-Cap Restaurant and $1,101,922 to $2,077,046 for a Standalone Restaurant. This includes $25,000 that must be paid to the franchisor. The initial development fee will generally be the sum of $5,000 times the number of Restaurants to be established, which will be payable upon signing of the Development Agreement.

    "Entrepreneur

    #67 in Franchise 500 for 2020.
    #34 in Franchise 500 for 2021.