|
Below is an in-depth analysis and side-by-side comparison of Baker Bros. American Deli vs Moe's Italian Sandwiches including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $430,500 - $656,000 | $93,500 - $159,500 |
Franchise Fee | $25,000 | $15,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | 1%local +1%Nat'l |
Year Founded | 1998 | 1959 |
Year Franchised | 2000 | 1993 |
Term Of Agreement | 10 years | 10+15+15 |
Term Of Agreement | 10 years | 10+15+15 |
Renewal Fee | $5K | Then current fee |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | - | A designated manager and one employee must attend and successfully complete the training program established by the company at one of our training locations to be designated |
Support | Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | *You will receive Moe's Operation Manual which covers the many important aspects of your business operation. *As manuals are updated, revisions will be sent to you. *You will receive regular visits from our field reps who will consult with you and offer useful advice and counsel on your operation. *We have quarterly meetings to provide you with the ongoing training and tools you will need to operate a successful Moe's Italian Sandwich Franchise. |
Marketing | Ad slicks, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 15 - 18
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
The Baker Bros believe that they have one of the most franchisee-friendly programs in their industry. Baker Bros is franchised through an Area Development Agreement that generally requires a 2 to 5 store minimum for individual franchisees. The Area Development Agreement covers an exact geographical area, franchise terms and conditions, number of units to be opened under the agreement and other details of the franchise program. Baker Bros offers an extensive Franchise Support Program. Tom and Ken are always available to assist you and to answer any questions that you might have. In addition, one of our Franchise Advisors will come to your store periodically to provide personal assistance from Baker Bros. Whatever you might need, there will always be a person at Baker Bros who can help you.
If you are reading this, you are like millions of other people who think about owning their own business versus working for someone else. Most of you want the ability to increase your earning power, maximize job security, control your quality of life, have long term equity, or to own a family business. Often, people start their own business out of frustration with the corporate "rat race", have been laid off one too many times, are retired from the corporate world and still want to work for themselves, or they have a vision and want to be in control of their future. Everyone usually asks the same questions: Should I try to start my own business from scratch or buy into a franchise with a system that has been around? *Where do I start if I really want to do it? *How much money do I need to get started? *Where do I get the money? *Do I really have the desire to make a change? *How much money will I make? They all realize there is a tremendous opportunity in the restaurant segment because it is recession proof and it continues to grow every year. Why choose Moe's over the other franchise options? *Our $15,000 franchise fee is one of the lowest *Our Royalty fee (5%) and Ad Fund fee (1%) are among the lowest *Help with business plans and finding equipment leases *Protected territories upon signing franchise agreement *Our products are second to none. Taste and compare the difference before you decide *We have kept the concept simple for easy training, low staffing needs, and maximum profitability *Over 50 years of heritage and tradition in New England *We are not too big that we forget how important your business is - we started with one unit just like you *We have selected equipment lineups that keep start-up, maintenance, and utility costs lower than others *Convenience and take out foods are the fastest growing segment in the restaurant industry *Most importantly - We have available territories! - Get in on the ground floor now.