Cora's vs The Original Pancake House Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cora's vs The Original Pancake House including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$550,000 - $900,000 | $372,500 - $966,250 |
Franchise Fee |
$45,000 | $60,000 |
Royalty Fee |
5% of net | - |
Advertising Fee |
2% National Fund; 1% Local Fund | - |
Year Founded |
1987 | 1953 |
Year Franchised |
1994 | 1991 |
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 |
- | Yes |
Canada Expansion |
No | Yes |
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
#75 in Canada's Top franchises.
About The Original Pancake House
The Original Pancake House was founded in Portland,
Oregon in
1953 by Les Highet and Erma Hueneke. Drawing upon
their many years of experience in the culinary field, and their
extensive working
knowledge of authentic national and ethnic pancake
recipes they were able to offer without compromise their unique and
original menu
which has gained national acclaim. The Original
Pancake House is a second and third generation family business, which
takes great
pride in maintaining the high standards that make
our food so outstanding. We now have over one hundred franchises from
coast to
coast, which have won local and national acclaim.
Our recipes demand only the very finest of ingredients, such as 93 score
butter,
pure 36% whipping cream, fresh grade AA eggs, hard
wheat unbleached flour, and our own recipe sourdough starter. Our
batters and
sauces are made fresh in each restaurant’s kitchen.
Our signature items include the Apple Pancake, a
single large pancake smothered with sautéed apples and cinnamon sugar
baked to perfection, to create a deliciously rich cinnamon sugar glaze.
The total investment necessary to begin operation of a The Original
Pancake House® restaurant franchise is $372,500 to $966,250. This
includes $60,303 to $60,606 that must be paid to the franchisor or an
affiliate.
If you sign an option agreement with the franchisor to
develop additional The Original Pancake House® restaurants, the
franchisor will not charge you an additional fee, but they may require
you to sign at least two franchise agreements at the same time that you
sign the option agreement, in which case, you will pay to the franchisor
$60,000 as the initial franchise fee under each franchise agreement you
sign at the time you sign the option agreement. The minimum number of
franchise agreements you must sign to acquire rights under an option
agreement will depend on the size of your market, but will not be less
than two franchise agreements.