Mr. Goodcents vs Pho Hoa Franchise Comparison

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

Start-Up Costs and Fees
 
Mr. Goodcents Franchise
Pho Hoa Franchise
Investment $211,432 - $431,843$332,600 - $680,180
Franchise Fee $35,000$30,000
Royalty Fee 6%4%
Advertising Fee 3.5%2%
Year Founded 19881983
Year Franchised 19901992
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 60% of current fee


Business Experience Requirements
 
Mr. Goodcents Franchise
Pho Hoa Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Mr. Goodcents Franchise
    Pho Hoa 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
    Pho Hoa Franchise
    Training On-The-Job Training: 120 hours Classroom Training: 40 hours On-the-job training: 50 hours Classroom training: 40 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 -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
    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
    Pho Hoa 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 Pho Hoa

        Established in 1983 in California, Pho Hoa Noodle Soup offers a simple and proven business model. As a franchisee, you will be provided with the training tools, international brand strength, and ongoing marketing and operational support needed from beginning through your entire business ownership.                                                                                                                          

    Why Pho Hoa Noodle Soup?
         The balance of providing Vietnamese culinary tradition and what is becoming a mainstream cuisine is what makes Pho Hoa Noodles Soup a great business decision. In addition to three decades of experience and international brand recognition, Pho Hoa Noodle Soup serves quality, consistent and superior, healthy products that are in tune with the times. With more people realizing the importance of living a healthier lifestyle, they've modernized how they prepare their soups while sticking to important traditional Vietnamese flavors.
    Pho Hoa Noodle Soup is the only Vietnamese cuisine franchise outside of Asia. Their innovation and ability to adapt to financial and social times has ranked them the top 400 largest American restaurant chains. With low start-up costs, simple and flexible operations, they provide an appetizing business opportunity.