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Below is an in-depth analysis and side-by-side comparison of Fazoli's vs Strings Italian Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $800,200 - $1,752,818 | $325,000 |
Franchise Fee | $40,000 | $37,500 |
Royalty Fee | 5% | 5% |
Advertising Fee | 4% | 2% |
Year Founded | 1988 | 1987 |
Year Franchised | 1991 | 1989 |
Term Of Agreement | 15 years | 10 years +5 |
Term Of Agreement | 15 years | 10 years +5 |
Renewal Fee | 30% of current fee for 5 years | - |
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 | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 90-100 hours Classroom Training: 16 hours Additional Training: Programs on variety of topics | 1. Gold River, CA 6 Weeks 2. On-Site 3 Weeks |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations |
86% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Average Number of Employees: 4-6 Full-time, 15 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Start-Up Costs and Fees Mobile |
||
Investment | ||
$800,200 - $1,752,818 | ||
$325,000 | ||
Franchise Fee | ||
$40,000 | ||
$37,500 | ||
Royalty Fee | ||
5% | ||
5% | ||
Advertising Fee | ||
4% | ||
2% | ||
Year Founded | ||
1988 | ||
1987 | ||
Year Franchised | ||
1991 | ||
1989 | ||
Term Of Agreement | ||
15 years | ||
10 years +5 | ||
Renewal Fee | ||
30% of current fee for 5 years | ||
- | ||
Business Experience Requirements |
||
Experience | ||
- | ||
Financing Options |
||
In-House/3rd Party | ||
Franchise Fees | ||
No/Yes | ||
-/- | ||
Start-up Costs | ||
No/Yes | ||
-/- | ||
Equipment | ||
No/Yes | ||
-/- | ||
Inventory | ||
No/Yes | ||
-/- | ||
Receivables | ||
No/Yes | ||
-/- | ||
Payroll | ||
No/Yes | ||
-/- | ||
Training & Support |
||
Training | ||
On-The-Job Training: 90-100 hours Classroom Training: 16 hours Additional Training: Programs on variety of topics | ||
1. Gold River, CA 6 Weeks 2. On-Site 3 Weeks |
||
Support | ||
Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | ||
Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings |
||
Marketing | ||
Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | ||
- | ||
Operations | ||
86% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
||
Average Number of Employees: 4-6 Full-time, 15 Part-time Passive Ownership: Allowed, But Discouraged |
||
Expansion Plans |
||
US Expansion | ||
Yes | ||
Yes | ||
Canada Expansion | ||
No | ||
- | ||
International Expansion | ||
No | ||
- |
Strings Restaurant Group was incorporated in July of 1999 with the mission to offer great Italian food at a very affordable price to our customers. With items ranging from pizzas and pastas to more gourmet items such as Cioppino and Veal Marsala, we are confident that we can provide a fantastic meal for everyone. Our subsidiary, Strings Franchises Inc., is currently accepting applications for some of our strategic locations.