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Below is an in-depth analysis and side-by-side comparison of Candy Express vs The Fudge Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $125,000 - $175,000 | $32,000 - $45,000 |
Franchise Fee | $25,000 | $12,500 - $15,000 |
Royalty Fee | 7% | 3% |
Advertising Fee | - | - |
Year Founded | 1988 | 1978 |
Year Franchised | 1989 | 1981 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Grand opening |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 95% of current franchisees are owner/operators |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Beginning with four company-owned stores in1988, Candy Express locations have served a variety of sweets to customers in malls and shopping centers throughout the United States and into Saudi Arabia, the site of the company's first international license.
Based in Charlevoix, Michigan, The Fudge Company began in 1978 and started franchising in 1981.