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Below is an in-depth analysis and side-by-side comparison of South Bend Chocolate Company vs Sir Chocolate 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 | $41,300 - $136,500 |
Franchise Fee | $35,000 | $25,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | - |
Year Founded | 1991 | 2003 |
Year Franchised | 1997 | 2004 |
Term Of Agreement | 4 years | 7 years |
Term Of Agreement | 4 years | 7 years |
Renewal Fee | $150 | $5K/$10K |
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) | * Available at headquarters: 3 days * At franchisee's location: 3-5 days |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
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) | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
NO LONGER FRANCHISING
Sir Chocolate began as a one-man operation with only a single chocolate fountain. Since then, the company has expanded from a homebased business into a combination warehouse, kitchen and office. The lone fountain has grown into a mobile chocolate fountain cart made for special events, a retail outlet and fondue gift baskets. Franchisees have three options for running their business: catering, retail and a retail-vending cart.