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Updated RecentlyBannaStrow's vs Boba Loca Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of BannaStrow's vs Boba Loca including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $114,600 - $186,500 | $88,445 - $325,955 |
| Franchise Fee | $30,000 | N/A |
| Royalty Fee | 6% | 4% or $495 /month whichever is higher |
| Advertising Fee | 1% | 1% or $175/month whichever is higher |
| Year Founded | 2001 | - |
| Year Franchised | 2003 | - |
| Term Of Agreement | 5 years | 2 and 5 years |
| Term Of Agreement | 5 years | 2 and 5 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | *A strong desire to succeed by satisfying and delighting our customers. *The capability and capacity to create and manage an organization that effectively recruits, trains, retains and motivates people. *The psychographic traits which have been proven as a key to success for our proven franchisees. *The ability to manage finances. *Meet our market-specific financial and operational qualifications. *The strong desire to build incremental income through building and operating stores. |
Financing Options |
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| 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 |
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| Training | - | You will be required to successfully complete the Boba Loca appropriate training program prior to opening your store. You will be required to attend the company's business course approximately 40 hours over five (5) days. Training shall take place at a Boba Loca location designated by us and in your store location during the initial days of operation. |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Our service includes store layout planning recommendation, cooking beverage training, grand opening promotions and limited time on-site support. We created a Confidential Business Operation Manual which contains our policies, specifications, procedures and instructions pertaining to the operation of Boba Loca system. |
| Marketing | Ad slicks | - |
| 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) | - |
Expansion Plans |
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| US Expansion | Yes | 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 Boba Loca