| ||||
Updated RecentlyBennigan's Grill & Tavern vs Rhapsody's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Bennigan's Grill & Tavern vs Rhapsody's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,027,075 - $3,588,244 | $565,000 - And Up |
| Franchise Fee | $35,000 | $42,500 - $56,000 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | 1% | 1 - 3% |
| Year Founded | 1976 | 2000 |
| Year Franchised | 1976 | 0 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | �Has prior management level experience in food service and/or restaurant operations. �Willingness to follow our proven operating system �A solid business person with a strong desire to succeed �Possesses experience in restaurant franchising �Meets the financial requirements | - |
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/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | Bennigan's, or a designated third party, will provide training to you and your restaurant team. Your management team will be required to complete a 6 to 8 week training program based on prior experience. Onsite training will be provided to entire team before restaurant opening. All parties must successfully complete the training to the satisfaction of the Bennigan's Operations/Training team prior to opening your restaurant. We believe great training equals lower turnover and stronger guest retention. Therefore, we provide continued support to team members. Bennigan's University, our online learning module, helps drive the retention of both staff and guests. | The training consists of a minimum of 3 months which is all done in an existing store level. A management competency program is strictly adhered to and will be accessed weekly. |
| Support | For the pre-opening of your first Bennigan's, members of our Operations and Marketing Teams will assist you from 45 days prior to your Grand Opening. Marketing Support: Our goal is to help you successfully market your brand. We put a marketing calendar in place to help drive sales, increase check average and guest count. Marketing tools provided include: Intranet, Email Marketing, Social Media Support, New Photography, Pipeline Items/Menu Development. | - |
| Marketing | Co-op advertising | - |
| Operations |
Franchisees required to buy multiple units/master licenses; 98% of all franchisees own more than one unit Number of employees needed to run franchised unit: 100 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Bennigan's Grill & Tavern
About Rhapsody's
FLAVOURS OF LIFE In February 2000, the Rhapsodys concept began with the basic notion of raising the bar in dining excellence and has since persevered toward a supremacy which is dynamic and full of life. Rhapsodys offers a natural ambiance which is lively yet effortless, simple yet delicious, stylish yet relaxed. Elegant decor and an extensive array of superior wines form part of the perfect backdrop for our superb culinary flair. There are many opportunities for further Rhapsodys venues and in this regard, our Directors welcome enquiries from suitable individuals and / or organizations who are interested in certain areas which do not overlap with any of our existing restaurants. Location is paramount to the success of any restaurant.Our criteria, demands a high traffic venue with good visibility to passing trade.In addition to this, a site should have acceptable access to secure parking. Should you have access to capital as well as experience and passion for the restaurant industry reach out for the Flavours of Life and send a short description of your interest to us on [email protected] and we will respond to your enquiry as soon as possible.