|
Below is an in-depth analysis and side-by-side comparison of Viva the Chef vs Montessori Kids Universe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $200,000 - $500,000 | $419,911 - $948,871 |
Franchise Fee | $35,000 | $35,000 - $56,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | - | - |
Year Founded | 2003 | 1988 |
Year Franchised | 2004 | 2013 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | - | On-The-Job Training: 20-40 hours Classroom Training: 72 hours Additional Training: As needed |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection |
Marketing | National media, Regional advertising | Ad Templates Social media SEO Website development Email marketing |
Operations |
Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 12 - 18 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
NO LONGER FRANCHISING