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Below is an in-depth analysis and side-by-side comparison of South Bend Chocolate Company 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 | $85,700 - $676,460 | $32,000 - $45,000 |
Franchise Fee | $35,000 | $12,500 - $15,000 |
Royalty Fee | 4% | 3% |
Advertising Fee | - | - |
Year Founded | 1991 | 1978 |
Year Franchised | 1997 | 1981 |
Term Of Agreement | 4 years | - |
Term Of Agreement | 4 years | - |
Renewal Fee | $150 | - |
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/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Ongoing (monthly visits) | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Grand opening |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 20
Absentee ownership of franchise is allowed. (100% 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 | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
Based in Charlevoix, Michigan, The Fudge Company began in 1978 and started franchising in 1981.