BannaStrow's vs Lasaters Coffee & Tea Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of BannaStrow's vs Lasaters Coffee & Tea including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
BannaStrow's Franchise
Lasaters Coffee & Tea Franchise
Investment $114,600 - $186,500$257,000 - $310,000
Franchise Fee $30,000$35,000
Royalty Fee 6%0
Advertising Fee 1%1%
Year Founded 20012004
Year Franchised 20032006
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -0


Business Experience Requirements

 
BannaStrow's Franchise
Lasaters Coffee & Tea Franchise
Experience -$60,000-$90,000 in liquid capital, management/business ownership history

Financing Options

 
BannaStrow's Franchise
Lasaters Coffee & Tea Franchise
  In-House/3rd PartyIn-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

 
BannaStrow's Franchise
Lasaters Coffee & Tea Franchise
Training -Ongoing
Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations-
Marketing Ad slicksLocal marketing to be approved
Operations Franchise can be run from home.

Number of employees needed to run franchised unit: 3 - 3

Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Owner operators preferred, absentee ownership allowed Currently 100% Owner operators

Expansion Plans

 
BannaStrow's Franchise
Lasaters Coffee & Tea Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion Yes-

Company Overviews

About BannaStrow's

BannaStrow's was conceived after more than 14 years of expertise in the restaurant business. The creators of the concept, saw a tremendous potential in crepes as an outstanding food item for time-pressed shopping mall customers. They knew that shoppers would love crepes as an alternative to the usual mall fare. Realizing that kiosks were growing in presence around the nation, the concept was designed to fit into mall concourses and other high foot traffic facilities in its highly attractive kiosk. The perfect impulse for hungry busy shoppers at any time of the day, the delicious, versatile, and convenient crepes are quickly prepared in front of customers. Today BannaStrow's is a proven success, and as a result it is continuing to expand. We warmly invite you to join us as a BannaStrow's franchise owner!

About Lasaters Coffee & Tea

If you'd like to start your own business, but simply do not have the experience or know-how to operate a successful operation, Lasaters Corporation may be able to help you open your own Lasaters Coffee & Tea Franchise. We manufacture many of our own high-quality products which ensures incredible quality control. We custom-roast our own coffees. We develop relationships with single-origin coffee growers in different regions in various countries. Our Franchisees do not get coffee that's been sitting on the shelf for weeks or months (or even years, like some of our national competitors). Our Franchisees order coffee - we roast it within 24 hours!Lasaters Corporation negotiates on behalf of their Franchisees. Many coffeehouse operators who are just getting started in the coffee industry experience the difficulties that surround opening and running a coffeehouse. From the freight costs, to the product research, there is a multitude of roads that can be taken. How do you negotiate better pricing than what your local distributor or wholesaler offers? How do you find out which product is more cost effective? Which road do you take? This is another benefit of owning a Lasaters Coffee & Tea Franchise! Our Franchisees need not negotiate with other vendors to try to minimize their costs - that is already done for you! What does it take to start a Lasaters Coffee & Tea Franchise? First, you will need to submit some basic information to verify you're ready to start franchising. Next, if you are approved, we will contact you for a meeting. The process is fairly quick and you may be on your way to opening your new Lasaters Coffee & Tea store within a matter of weeks!