Cora's vs Waffy's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cora's vs Waffy's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Cora's Franchise
Waffy's Franchise
Investment $550,000 - $900,000$116,680 - $310,000
Franchise Fee $45,000$30,000
Royalty Fee 5% of net6%
Advertising Fee 2% National Fund; 1% Local Fund2%
Year Founded 1987-
Year Franchised 1994-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Cora's Franchise
Waffy's Franchise
Experience --

Financing Options
 
Cora's Franchise
Waffy's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Cora's Franchise
Waffy's Franchise
Training We provide franchisees with 5 weeks of theoretical and practical training.

Using a combination of classroom and on-the-job instruction, you'll be trained in all aspects of the Waffy's franchise: business operations, administrative procedures, customer service, food preparation techniques, sales, and more. As you prepare to open your store, an experienced trainer will be on hand to help you get off to a good start.
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.

Operations Manual. Every aspect of the Waffy's franchise is laid out for you in this comprehensive guidebook. In addition to serving as a valuable reference tool, you'll use this manual to help train your managers. Site Selection. You'll receive guidelines for choosing an appropriate location for your Waffy's franchise. Comprehensive Web-based support system. Waffy's offers a high level of support services through its password protected franchise Web portal system which provides: Online training videos and "how-to" tutorials Online ordering from suppliers Management tools (forms, break-even analysis spreadsheets) Calendar for critical dates reminder Communication board (with Waffy's team & among franchisees) Ongoing Service and Support. As a valued member of our franchise family, you will receive continuing support and guidance. We're available by phone or email to address any questions or concerns and a Waffy's field representative will periodically visit your store.

Marketing -

We'll share our expertise with you in promoting the Waffy's concept, which includes providing you with marketing and advertising materials and strategies.
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
 
Cora's Franchise
Waffy's Franchise
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

#75 in Canada's Top franchises.

About Waffy's

Owning a Waffy's franchise puts you on the ground floor of an exciting new concept with broad appeal.
Waffy's has developed an easy to operate franchise model incorporating the best practices of franchise systems and procedures garnered from years of franchise experience that are capable of producing strong unit economics.Waffy's offers a large array of unique, artisanal Belgian waffle products that can be enjoyed at any time of the day. Waffy's uses only fresh wholesome ingredients and follows the best European baking techniques. Waffy's is an attractive concept because its business model is streamlined and simple to operate. Minimum or no food experience required. Most of the equipment is automated, reducing labor costs. Easy to use and highly robust POS system, helps control inventory, manage schedules and run financial reports.Waffy's offers you a choice of three flexible, affordable franchise models to accommodate your location and budgets: an in-line store, mall food court and kiosk. In addition, Waffy's also offers you the ability to extend your sales off-site via Catering and Mobile Food Cart.Waffy's offers a lower cost of entry compared to similar concepts, combined with strong unit economics, which allows a faster return on investment.