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Below is an in-depth analysis and side-by-side comparison of Wetzel's Pretzels vs Bread Basket including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $126,600 - $405,850 | $172,400 - $294,450 |
Franchise Fee | $35,000 | $20,000 |
Royalty Fee | 7% | - |
Advertising Fee | 1% | - |
Year Founded | 1994 | 1989 |
Year Franchised | 1996 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | Ad Templates Social media SEO Email marketing Loyalty program/app | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
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Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Wetzel's Pretzels founded by Rick Wetzel & Bill Phelps, former marketing executives in 1994. 1st Wetzel's Pretzels located in South Bay Galleria in Southern California. First store was opened in 1995 Century City, Hollywood.
In 1996 Wetzel's Pretzels began franchising. Currently they have locations across United States (Universal City, Staples Center, Dodgers Stadium, Disneyland, Disney world) & internationally. Currently co-branding relationship with Cold Stone Creamery, Swensen's, Juice It Up and more.
Beginning of 2016 Wetzel's franchise fast food restaurants had 298 locations out of them 269 US locations; 2 in Canada; 19 worldwide; and 8 owned by the company itself.
NO LONGER FRANCHISING
Our wicker bin of crisp prepared breads and biscuits have permitted us to end up distinctly both a pastry shop and blessing shop! We realized that Franchising was a genuine stride and would include a profound level of responsibility on our part. We needed to give our Franchisees a similar quality item and administration that we have constantly given our clients. In any case, we doubted ourselves - Was our product offering sufficient? Was our arrangement of operation sound? Did we have enough involvement in the business to guide and support our Franchisees? Again and again, the answer was "yes"! We were prepared to go! Presently the question is - ..would you say you are? We will give you the formula for a quality item and the elements for remarkable client benefit; it will be your business to heat up an effective Bread Basket Franchise! We welcome you to apply today.
Our crate of crisp heated breads and biscuits have permitted us to end up distinctly both a pastry kitchen and blessing shop! We realized that Franchising was a genuine stride and would include a profound level of duty on our part. We needed to give our Franchisees a similar quality item and administration that we have constantly given our clients. Be that as it may, we doubted ourselves - Was our product offering adequate? Was our arrangement of operation sound? Did we have enough involvement in the business to guide and support our Franchisees? Again and again, the answer was "yes"! We were prepared to go! Presently the question is - ..would you say you are? We will give you the formula for a quality item and the elements for exceptional client benefit; it will be your business to heat up an effective Bread Basket Franchise! We welcome you to apply today.
"We feel extremely sure we can educate the procedure as we probably am aware it, and that the open door exists for it to end up distinctly fruitful."