New York Burrito-Gourmet Wraps vs Boloco Inspired Burritos Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of New York Burrito-Gourmet Wraps vs Boloco Inspired Burritos including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
New York Burrito-Gourmet Wraps Franchise
Boloco Inspired Burritos Franchise
Investment $85,000 - $150,000$190,000 - $400,000
Franchise Fee $15,000$25,000
Royalty Fee 7%6%
Advertising Fee --
Year Founded 19951997
Year Franchised 19962004
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $1K$10000


Business Experience Requirements

 
New York Burrito-Gourmet Wraps Franchise
Boloco Inspired Burritos Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    New York Burrito-Gourmet Wraps Franchise
    Boloco Inspired Burritos Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    New York Burrito-Gourmet Wraps Franchise
    Boloco Inspired Burritos Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, Regional advertising-
    Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 15

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    New York Burrito-Gourmet Wraps Franchise
    Boloco Inspired Burritos Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About New York Burrito-Gourmet Wraps

    NO LONGER FRANCHISING

    About Boloco Inspired Burritos

    boloco believes that even a burrito aspires. The Boston-based family of 22 restaurants and over 400 team members since 1997 serves globally inspired burritos, bowls, smoothies and shakes in locations throughout the Eastern United States. boloco’s unique purpose is to use a simple burrito to transform the lives and futures of people working in food service, for which it won the New England Ernst & Young Entrepreneur of the Year Award in 2012. In addition, boloco is 2-Star Certified by the Green Restaurant Association and continually takes important baby steps to improve its environ-mentality.