|
Below is an in-depth analysis and side-by-side comparison of Rubyjuice Fruit and Smoothies vs Yovana including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $106,000 - $223,000 | $225,000 - $341,500 |
Franchise Fee | $20,000 | $40,000 |
Royalty Fee | 5.5% | 5% of Gross Sales |
Advertising Fee | - | 5% of Gross Sales |
Year Founded | 2000 | - |
Year Franchised | 2003 | - |
Term Of Agreement | 10 years | 5-10 years |
Term Of Agreement | 10 years | 5-10 years |
Renewal Fee | 10% of current franchise fee | - |
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 | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures | - |
Marketing | Ad slicks | - |
Operations |
Number of employees needed to run franchised unit: 10 - 20
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
Jack and Tracy Groot owned and operated a coffee bar in Holland, Michigan, when the location next door became available. To take advantage of the opportunity, the couple developed and opened Rubyjuice, offering quick-service smoothies, juices, sandwiches and salads. The menu includes a variety of nutritional supplements that customers may add to their smoothies. Rubyjuice began franchising in 2003.
Yovana is the first shop of its kind to prepare yogurt fresh, in the store, every day. This wholesome, premium yogurt sets a new standard for taste and quality. Consumers can enjoy a Yovana yogurt any time of day for a delicious, smart treat that nourishes the body, mind and spirit. Combined with seasonally fresh fruit, premium organic, fair trade coffee and fresh baked breads, Yovana provides an entirely new eating experience that will take you to yogurt nirvana!