|
Below is an in-depth analysis and side-by-side comparison of Fuzziwig's Candy Factory vs The Flying Locksmiths including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $184,000 - $363,350 | $182,596 - $428,396 |
Franchise Fee | $30,000 | $75,000 - $300,000 |
Royalty Fee | 6% | 8% |
Advertising Fee | - | - |
Year Founded | 1996 | 1984 |
Year Franchised | 2002 | 2015 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $100 | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | Prior to your store opening, you'll have the opportunity to train at an actual Fuzziwig's Candy Factory store where you'll learn first-hand what it takes to run the business. You'll also benefit from classroom-style training led by our team of experienced business professionals. The training continues long after your doors open. Your Fuzziwig's Candy Factory Field Consultant will be in regular contact with you and you'll be able to network with corporate staff as well as other franchisees. Additional support is also provided through our Franchisee Center, periodic field training, seminars, and regional and national meetings. | On-The-Job Training: 40 hours Classroom Training: 40 hours |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | - | Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
Operations |
70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 2 - 6 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
The first Fuzziwigs Candy Factory store opened in 1995. The earliest stores were in Malls and Outlet Centers and focused on bulk candy, packaged candy and small toys. Later, stores started to sprout up in downtown "Main Street” type locations and began to incorporate Store Made products and Ice Cream. Today you will find Fuzziwig’s in Malls, on Main Streets and now in select Scheels All Sports locations.
The Flying Locksmiths has been in business for over 70 years. Our
experience and business education are two of the main components that
create the framework of The Flying Locksmiths leadership team. It began
with William McMenimon Sr., working out of his Jeep with one key machine
in 1946. He was training to become a pilot and working as a locksmith,
hence the reason for the unusual name. He opened a small key shop in
Boston and later moved to the nearby suburb of Randolph, where the
storefront is still located 30 years later. When William retired, he
passed the business down to his sons; Barry and Brad, who expanded the
company into the highly recognizable business it is today! Barry’s sons,
Brett and Barry P, have also joined the leadership team, infusing the
well-established family business, with the convenience of modern
technology.The combination of generations has created a blend of old school
ideals and new age tech, resulting in a mix that offers the newest
products with a friendly neighborly smile. The mission of the company is
simple: provide top of the line security, utilizing all means of
communication, while staying true to family values.