Cora's vs Le Peep Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cora's vs Le Peep including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$550,000 - $900,000 | $100,000 - $550,000 |
Franchise Fee |
$45,000 | $30,000 |
Royalty Fee |
5% of net | 5% |
Advertising Fee |
2% National Fund; 1% Local Fund | - |
Year Founded |
1987 | 1981 |
Year Franchised |
1994 | 1992 |
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. | Your training will take place in a working Le Peep� restaurant, so that you can get real life experience as you learn. It entails approximately 7 weeks and covers every position in the restaurant. You will receive a Training Manual to study, as well as working each position. We do not charge you for the training, but you are responsible for your own living and travel expenses associated with it. |
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. | Operation, customer service, staff training, team building and many other aspects of running a successful business. |
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 |
- | Yes |
Canada Expansion |
No | Yes |
International Expansion |
No | Yes |
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
#75 in Canada's Top franchises.
About Le Peep
THIS IS NOT A FRANCHISE
THIS IS A LICENSEE OPPORTUNITY
The beauty of the Le Peep concept is its simplicity. Fresh as the day it was conceived.
Superior quality. Reasonable Prices. Excellent perceived value. Far from "fast food". Le Peep meals are always satisfying and nutritious. A proven approach to management. A creative approach to an evolving menu. And operating standards as strict as your mom's. That's what keeps Le Peep... Le PeepManagers and staff enjoy working at Le Peep.
They work with smiles and pride. Le Peep has a special effect on the public, too. Customers return repeatedly, regulars bringing friends, discovering the charm of a homelike setting where conversation and business flow together easily.Le Peep is a philosophy.Le Peep is a proven food service package. Le Peep is one great meal after another. Developed, tested, then presented to an appreciative public. Le Peep is that extra special eating experience the public calls "a real find." Even the hardest to please newspaper, radio and television food critics rate Le Peep "The Best in Town" - Town-after- Town.
What a concept. What a difference. What a perfectly mouth-watering opportunity for the discriminating restaurateur or developer.
A Message from Our CEO
After 25 years with the company, I am proud to be the President and CEO of Le Peep, a company that has been and continues to be the forerunner in the breakfast and lunch segment. We are the original and best breakfast and lunch restaurant chain and have been setting a standard in this segment for over four decades. We use the freshest and highest quality of ingredients. We take pride in treating our guests with the best and warmest hospitality, to recreate that feeling like they are at a family member's house. I am dedicated to continuing the great tradition of success and innovative ideas. If this concept and my goals sound like what you are looking for and you want to be a part of our family and enjoy the Le Peep life style with me, you may just find your place as a licensee. We look forward to hearing from you! ~ Kevin Wessel ~