|
Below is an in-depth analysis and side-by-side comparison of Great American Cookie Company vs Michel's Baguette including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $177,700 - $476,135 | $350,000 - $800,000 |
Franchise Fee | $15,000 - $35,000 | $40,000 |
Royalty Fee | 6% | - |
Advertising Fee | 1.5% | - |
Year Founded | 1977 | - |
Year Franchised | 1977 | - |
Term Of Agreement | Concurrent with lease | - |
Term Of Agreement | Concurrent with lease | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 37 hours Classroom Training: 36.5 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | Yes |
International Expansion | No | - |
Beginning an establishment is an interest in your vocation AND your group! Don't you need to be the one to convey the treat cake to your neighborhood?
Michel’s Bakery Café is a café chain found throughout Canada. The main
draw is the beverages, both hot (coffee, cappuccino, latte, espresso,
and hot chocolate) and cold (smoothies, juices, soft drinks, and bottled
water). In addition to drinks, Michel’s Bakery Café also has a sizeable
selection of foods. With a menu that includes breads and pastries,
sandwiches, soups and salads, and breakfast items, Michel’s Bakery Café
is sure to satisfy its customers’ cravings.