|
Below is an in-depth analysis and side-by-side comparison of Chocolate Chocolate Chocolate Company vs Peterbrooke including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $178,300 - $250,500 | $212,750 - $343,500 |
Franchise Fee | $20,000 | $25,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 1-2% | 3% |
Year Founded | 1981 | 1983 |
Year Franchised | 2002 | 2005 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $2K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | * 10 day franchise training located in Jacksonville, Florida * On-call Peterbrooke executives * Peterbrooke staff on site with you seven days during the week of your store opening * A franchise field representative who makes regular visits to your store |
Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Peterbrooke franchisees will receive step-by-step instructions from a series of informative manuals. These handbooks are designed to give detailed directions for day-to-day operations, as well as for making and packaging products. The Peterbrooke Chocolatier Operations Manual includes: * Business policies and practices * Operating your business * Marketing your business * Production and inventory planning * Developing sales leads and selling * Customer service Each franchisee will also receive a Peterbrooke Master Recipe Book, complete with recipes and detailed instructions on packaging products. |
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) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |