|
Below is an in-depth analysis and side-by-side comparison of Charleys Philly Steaks vs Saladarity including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $253,231 - $637,568 | $355,875 - $469,275 |
Franchise Fee | $24,500 | $30,000 |
Royalty Fee | 6% | - |
Advertising Fee | 0.25% | - |
Year Founded | 1986 | 2003 |
Year Franchised | 1991 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 120 hours Classroom Training: 60 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Green Fine Salad Co., a Denver-based company opened its third
local location in April, 2014 at 707 Seventeenth Street -- but this outpost
will have another name: Saladarity. This new prototype is trademarked. "Green
Fine Salad is a name we couldn't protect, so we came up with Saladarity,
which we have trademarked," says founder Gerry Weber.