|
Below is an in-depth analysis and side-by-side comparison of Zoup! Fresh Soup Company vs Jet's Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $355,900 - $648,500 | $437,500 - $631,000 |
Franchise Fee | $39,900 | $25,000 |
Royalty Fee | 6% | 8%-10% |
Advertising Fee | 1% | Up to 1% |
Year Founded | 1998 | 1978 |
Year Franchised | 2003 | 1990 |
Term Of Agreement | 5 years, Renewable for 3 additional 5 year periods | 10 years |
Term Of Agreement | 5 years, Renewable for 3 additional 5 year periods | 10 years |
Renewal Fee | - | $2K |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/Yes | No/Yes |
Payroll | No/Yes | No/Yes |
Training & Support |
||
Training | On-The-Job Training: 72 hours Classroom Training: 40 hours | On-The-Job Training: 270 hours Classroom Training: 30 hours |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
Operations |
30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 14 Absentee Ownership Allowed |
International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | No | Yes |
Canada Expansion | Yes | No |
International Expansion | No | No |
The first Zoup! opened in 1998 in Southfield, MI, a suburb of Detroit. Over the next five years, the founders opened five more Detroit-area locations, and in 2003 they began to franchise the concept. Zoup! restaurants feature 12 rotating daily varieties of soup, including low-fat, vegetarian, gluten and dairy free options. Made-to-order salads, sandwiches and baked goods are also available.