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Below is an in-depth analysis and side-by-side comparison of Krieger's vs The Greene Turtle Sports Bar & Grille including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $450,000 | $1,455,000 - $2,702,500 |
Franchise Fee | $30,000 | $45,000 |
Royalty Fee | 5% | 4% |
Advertising Fee | - | 1.5% |
Year Founded | 1991 | 1975 |
Year Franchised | 2002 | 2003 |
Term Of Agreement | 15 years | 10 years +5+5 |
Term Of Agreement | 15 years | 10 years +5+5 |
Renewal Fee | - | - |
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 | -/- |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | - | Prior to opening the restaurant, the franchisee operating partner, one full-time general manager, an assistant manager and a kitchen manager will receive a total of approximately eight weeks of training by our staff. During the opening, we will provide a minimum of ten days on-site assistance. After that, your key operating staff will be required to attend refresher courses, seminars and other training programs from time to time. On-The-Job Training: 288 hours Classroom Training: 64 hours |
Support | Newsletter, Meetings, 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 Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
85% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |