Mr. Goodburger's vs Lick's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Goodburger's vs Lick's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Mr. Goodburger's Franchise
Lick's Franchise
Investment $155,000 - $210,000$495,000 - $595,000
Franchise Fee $25,000$45,000
Royalty Fee 6-8%-
Advertising Fee --
Year Founded 2001-
Year Franchised 2003-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Mr. Goodburger's Franchise
Lick's Franchise
Experience
  • Industry experience
  • General business experience
  • (industry and general business experience are recommended)
  • -

    Financing Options

     
    Mr. Goodburger's Franchise
    Lick's Franchise
      In-House/3rd PartyIn-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

     
    Mr. Goodburger's Franchise
    Lick's Franchise
    Training Internet refresher courses-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Ad slicks, National media, Regional advertising-
    Operations --

    Expansion Plans

     
    Mr. Goodburger's Franchise
    Lick's Franchise
    US Expansion Yes-
    Canada Expansion NoYes
    International Expansion Yes-

    Company Overviews

    About Mr. Goodburger's

    The business built on creating healthy, animal-free fast food went belly up. See Wink's Cheeseburger Factory.

    About Lick's

    Opportunities exist for highly motivated, energetic individuals with excellent people skills and the ability to communicate enthusiasm, who share our passion for success and commitment to quality. Get the Lick's Advantage! Lick's offers a "turnkey operation", planning, design, & construction, training, hiring, training of staff, pre-opening assistance, on going support and guidance, operating manuals, recipes and menus, accounting services, purchasing, advertising and promotion. Lick's will assist you with site selection and lease negotiations, and will provide all the necessary planning, design and construction of your store. Lick's provides an extensive, mandatory training program complete with comprehensive manuals for all potential franchisees. Before you open, you will be provided advice and assistance in the hiring and training of required staff and a trained Lick's representative will spend a minimum of four weeks with you at your store to assist in the set up and opening operations. Following this, Licks will provide any and all necessary supervision, consultation and assistance as determined by the Lick's Inspection and support program. You will automatically become a part of the centrally controlled Lick's supply system for food, beverages, paper and other supplies. Lick's also administers a central advertising and promotion fund for highly efficient, cost effective marketing programs and in-store promotions. Lick's is now aggressively developing franchise locations in Ontario and Master Franchise opportunities outside the Ontario Region.