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Below is an in-depth analysis and side-by-side comparison of CrepeMaker vs Ritter's Frozen Custard including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $120,000 - $325,000 | $369,000 - $1,100,000 |
Franchise Fee | $35,000 | $27,500 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | - |
Year Founded | 1992 | 1990 |
Year Franchised | 2001 | 1994 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $5K |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Available at headquarters | - |
Support | Grand opening, Purchasing cooperatives | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | - | Co-op advertising, Ad slicks, Regional advertising |
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: 5 - 30
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | No |