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Below is an in-depth analysis and side-by-side comparison of Tin Star Restaurant vs La Madeleine including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $500,000 | $1,249,362 - $3,088,747 |
Franchise Fee | $20,000 - $35,000 | $40,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | 2.5% |
Year Founded | 1999 | 1983 |
Year Franchised | 2003 | 2011 |
Term Of Agreement | 10 years | Term of agreement not renewable |
Term Of Agreement | 10 years | Term of agreement not renewable |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | • Passionate about the la Madeleine brand and our food • $5 million net worth; liquid assets of $2.5 million • Dedicated to developing multiple restaurants in a given market • Excellent knowledge of the local retail real estate market • Resources to develop and operate at least three (3) bakery cafés in a given territory • Strong track record as a multi-unit restaurant operator • Cultural fit | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | - | • Ongoing field support • Store opening assistance • Continuous training • Extensive six-week training program for Operations Directors, General Managers, and Managers • Ongoing culinary development On-The-Job Training: 416 hours Classroom Training: 64 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Real Estate • Market evaluation and planning • Site selection assistance • LOI and contract negotiation assistance • In-house real estate resources • Identifying and securing local representation Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad slicks | • Grand opening assistance • Store opening and PR resources • Local marketing support • Creative support for national promotional events Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app |
Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 35 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Become a Part of the Tin Star Family Tin Star is seeking energetic, motivated restaurateurs with an unrelenting commitment to Guest service, quality and freshness. We're proud of our concept, and we're excited to find qualified, experienced franchisees who share our passion for great food, fantastic flavors and the Tin Star spirit of hospitality. Take a look at our preliminary requirements and contact our corporate officers for information about available opportunities. If you are interested in developing a specific market and meet all of the preliminary requirements, please complete our application. The Tin Star team has worked hard to put together a franchise program that includes support related to restaurant design, operations, training and development and marketing. Rich Hicks, President, has extensive experience in the restaurant and hospitality industry. At Tin Star, our spirit shines through our people, our food, and the experience we create for our Guests. We invite you to get in touch with us to learn more about specific franchise opportunities available at Tin Star.