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Below is an in-depth analysis and side-by-side comparison of Chocolate Chocolate Chocolate Company vs The Fudge Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $178,300 - $250,500 | $32,000 - $45,000 |
Franchise Fee | $20,000 | $12,500 - $15,000 |
Royalty Fee | 5% | 3% |
Advertising Fee | 1-2% | - |
Year Founded | 1981 | 1978 |
Year Franchised | 2002 | 1981 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $2K | - |
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 | - | - |
Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Grand opening |
Marketing | Ad slicks, Regional advertising | - |
Operations |
50% 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) |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 95% of current franchisees are owner/operators |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
Based in Charlevoix, Michigan, The Fudge Company began in 1978 and started franchising in 1981.