|
Below is an in-depth analysis and side-by-side comparison of Melting Pot Restaurants vs Fire and Rice including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,404,320 - $1,824,210 | $76,860 - $131,850 |
Franchise Fee | $20,000 - $45,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 1.19-3% | - |
Year Founded | 1975 | 2011 |
Year Franchised | 1984 | 2011 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of current franchise 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/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 288 hours Classroom Training: 40 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | We are there for our franchisees every step of the way. Support will be provided to Fire & Rice franchisees through onsite support, phone support, and virtual support. We help you get running and ensure your success through ample reinforcement. |
Marketing | Co-op Advertising Ad Templates Social media SEO Website development Email marketing | - |
Operations |
45% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | No | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Since 1984, The Melting Pot franchises have opened nationwide, serving a variety of cheese and dessert fondues, salads and entrees including filet mignon, lobster tail, sirloin and breast of chicken, all prepared in different fondue cooking styles. No restaurant experience is required to become a franchisee.
Fire & Rice is a fun alternative to your typical catered affair
featuring delicious, freshly cooked paella. Offering a fun and
interactive event by providing customers a complete dinner and a show
experience, paella is prepared right in front of guests and they are
invited to get involved, ask questions and interact with other guests.
We truly bring the party to every event!