|
Below is an in-depth analysis and side-by-side comparison of Cookies in Bloom vs Schakolad Chocolate Factory including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $75,000 - $116,000 | $121,500 - $153,500 |
Franchise Fee | $19,500 | $39,500 |
Royalty Fee | 5% | $600-$1K/mo. |
Advertising Fee | - | $100/mo |
Year Founded | 1988 | 1995 |
Year Franchised | 1992 | 1999 |
Term Of Agreement | 5 years | 5 years |
Term Of Agreement | 5 years | 5 years |
Renewal Fee | $1K | 20% of current franchise fee |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-the-job training at corporate-approved shop | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Regional advertising |
Operations |
International franchisees required to buy multiple units/master licenses; 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 5
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Mary Pinac had been working in the wholesale apparel business and was tiring of dressing up and traveling every day. Her husband, Robert, was involved in the executive suite industry until the real estate market faltered in the late '80s. Looking for a new business they could start together, the Pinacs decided cookie gifts were the idea they wanted to pursue. In 1989, the couple founded Cookies in Bloom, a store that creates and ships bouquets and gifts made with sugar shortbread cookies. The Pinacs began franchising their concept in 1991, and now the company's franchisees operate stores in the West, Midwest and South making cookie arrangements for all holidays and occasions.
When Edgar Schaked graduated from Florida International University in Miami with a degree in mechanical engineering, he told his father he didn't want to be an engineer, he wanted to be a chocolate maker. Schaked's father, Baruch, had been making chocolates for more than 25 years, working in a chocolate factory in the family's native Argentina, studying different techniques throughout Europe, and opening his own shop in Miami. From his father, Schaked learned the essentials of chocolate making and together they opened Schakolad Chocolate Factory in Winter Park, Florida, in 1995. Each shop features handmade chocolate treats including truffles, boxed assortments and chocolate body paint. Schakolad Chocolate Factory also custom-designs chocolate gifts and promotional items for corporate clients.