|
Below is an in-depth analysis and side-by-side comparison of Jet's Pizza vs Flying Wedge Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $437,500 - $631,000 | $359,000 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 8%-10% | - |
Advertising Fee | Up to 1% | - |
Year Founded | 1978 | 1989 |
Year Franchised | 1990 | 1999 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2K | - |
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: 270 hours Classroom Training: 30 hours | - |
Support | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing | - |
Operations |
International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
Take out, sit down, delivery gourmet pizza restaurant founded and opened in 1989,Over 20 year history of making Vancouver's finest pizza, with over 45 awards and achievements for Vancouver's best pizza.