|
Below is an in-depth analysis and side-by-side comparison of Business Round Table vs Biltmore Franchise Consulting including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $20,000 | $49,400 - $76,200 |
Franchise Fee | $20,000 | $28,000 |
Royalty Fee | 5-10% | 10% |
Advertising Fee | - | 10% |
Year Founded | 1991 | 2005 |
Year Franchised | 1998 | 2008 |
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 | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | Training will be available at our company headquarters, or at another designated location, and will last for one week. Training will be conducted by members of our management team. Training will be provided for up to two persons per franchised business. Ongoing training is also available. |
Support | Newsletter, Toll-free phone line, Internet, Field operations/evaluations | - |
Marketing | Ad slicks | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Rick DesBrisay was a businessman in Moncton, New Brunswick, and a member of the Young Presidents' Organization (YPO), an international network of company presidents under 50 years of age. DesBrisay thought such an organization would be useful to Canadian small-business owners who weren't eligible for YPO membership (companies must have at least 50 employees and sales in the millions).
Business Round Table started in Moncton in 1991. At present, there are more than 125 members. There are 11 Business Round Table groups in Moncton and it is now operating in the greater Halifax area with Paul Roy. Under the guidance of John Schrempf, Business Round Table is now operating in Barrie, ON. Ram Sundar is the latest franchisee in Etobicoke, ON. There are 2 groups in Nova Scotia so far. Membership is open to experienced entrepreneurs (those who have a financial interest in a business for 5 or more years and are involved in the management of it).
Groups of 10 to 12 members meet once a month to discuss business problems and opportunities, then work together to solve problems and build more successful businesses. Franchisees in Canada and now in the United States act as facilitators and teachers for group members.
NO LONGER FRANCHISING
Offering the opportunity for individuals to become a franchise development consultant, helping business owners prepare to sell franchises.
Franchisees can provide a valuable service to business owners, helping them develop a new source of income that would otherwise be difficult, more costly, or even impossible.