|
Below is an in-depth analysis and side-by-side comparison of Mr. Goodburger's vs Chester's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $155,000 - $210,000 | $12,385 - $277,313 |
Franchise Fee | $25,000 | $3,500 |
Royalty Fee | 6-8% | - |
Advertising Fee | - | - |
Year Founded | 2001 | 1952 |
Year Franchised | 2003 | 2004 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | Internet refresher courses | On-The-Job Training: 30 hours Classroom Training: 3 hours Ongoing training as required |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
Marketing | Ad slicks, National media, Regional advertising | Ad Templates Social media |
Operations | - |
International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 8
Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)
|
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
The business built on creating healthy, animal-free fast food went belly up. See Wink's Cheeseburger Factory.