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Below is an in-depth analysis and side-by-side comparison of East of Chicago Pizza Company vs Pizza Nova including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $162,000 - $463,000 | $225,000 - $250,000 |
Franchise Fee | $20,000 | $20,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 4% |
Year Founded | 1990 | 1963 |
Year Franchised | 1991 | 0 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | To be determined | - |
Business Experience Requirements |
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Experience | Previous experience is not necessary, but it is helpful. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 2 weeks Classroom Training: 4 weeks | - |
Support | Co-op Advertising Ad Templates National Media Regional Advertising | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising | - |
Operations |
26% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) Number of Employees Required to Run: 20 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |