| ||||
Updated RecentlyCora's vs Royal Waffle King Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cora's vs Royal Waffle King including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $550,000 - $900,000 | $434,900 - And Up |
| Franchise Fee | $45,000 | $20,000 |
| Royalty Fee | 5% of net | - |
| Advertising Fee | 2% National Fund; 1% Local Fund | - |
| Year Founded | 1987 | - |
| Year Franchised | 1994 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | We provide franchisees with 5 weeks of theoretical and practical training. | - |
| Support | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. | - |
| Marketing | - | - |
| Operations | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Cora's
Motivated by the success of her breakfast concept, Cora and her ambitious family decided to franchise their restaurants.
For Cora, developing the breakfast food business niche meant doing it better than anybody had ever done it anywhere. Like any good recipe, success takes time to perfect. Cora, supported by her diligent team, slowly but surely developed more expertise in the business, and her unwavering drive for perfection earned her the title, "Queen of Quebec Breakfasts." Because she loved cooking for a crowd, Cora was continually opening new restaurants until she realized she could teach others her winning recipe. So began her journey into franchising.
In 1993, Cora explored the possibility of franchising and was delighted to find that her business formula met all the criteria established by franchising specialists. Her dream of having restaurants throughout Quebec was about to become a reality. Franchising soon became Cora's business strategy to achieve her primary objective. For Cora, franchising allowed her to: offer breakfasts in as many places as possible, as often as possible and to as many guests as possible.
Cora soon understood that by franchising, the team would be able to quickly build a strong brand image and dominate the Quebec market. An exciting new chapter for the newly formed Franchises Cora Inc. began in April 1994 when it granted its first franchise to open a restaurant in Pointe-Claire, in Montreal's West Island community. Ten more franchises would follow shortly. Always looking for a challenge, the Cora team's new objective was to open restaurants "all over Canada."
In 2000, Cora developed the Cora Franchise Group to target the market in the rest of Canada, and soon opened its first restaurant in Nepean, Ontario. Shortly after, Cora also conquered other Ontario markets as well as markets in the Atlantic Provinces, Manitoba and Alberta.
The result of franchising is impressive. The Cora chain now includes 130 restaurants across Canada, with additional restaurants opening their doors in the year to come. Today, the Cora network of restaurants serve 250,000 guests each week and is recognized as the leader in the breakfast industry in Canada.
Would you like to join the Cora family? Find out about franchising opportunities http://www.chezcora.com/en/franchise-opportunities
!["Top]("https://www.betheboss.ca/images/top-100-logo.final%202020.png"){kind=logo}
#75 in Canada's Top franchises.
About Royal Waffle King
Royal Waffle King restaurants are strategically located along major highways. Primarily, we are concentrating on major cities in and around the southeast, along with well established smaller communities with strong owner operator franchisees.
When possible common-used properties with other companies are used to secure superior locations. By offering you the option of choosing a store that’s co-branded with key regional anchor stores like motels, truck stops, convenience stores and strip shopping centers. This synergistic technique of joint property usage also allows us to reduce building costs of common property features like grading, driveways, paving, utilities, joint signage etc.
Expansion at Royal Waffle King is carefully planned. We currently have sites planned all over the southeast with new store construction starting on a continuous schedule.