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Below is an in-depth analysis and side-by-side comparison of Mr. Souvlaki vs Time For Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $175,000 - $500,000 | $58,000 - $68,000 |
Franchise Fee | $30,000 - $40,000 | $30,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | - |
Year Founded | 0 | 2004 |
Year Franchised | 0 | 2005 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | $5K |
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 | - | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | - | Co-op advertising, Regional advertising |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed. |
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Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | No |
International Expansion | No | Yes |
Mr. Souvlaki is keeping on developing in the eatery administrations industry, and we are searching for committed establishment proprietors who are eager and enthusiastic about Greek sustenance to join our group.
To end up distinctly an establishment proprietor, there will be a 3-organize meeting and examination handle. Applicants will be chosen in view of the accompanying criteria: business insight and experience, money related practicality, character and state of mind, compelling learning and interchanges aptitudes, and that's only the tip of the iceberg.
NO LONGER FRANCHISING