|
Below is an in-depth analysis and side-by-side comparison of Philly Connection vs Petro's Chili & Chips including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $154,000 - $261,500 | $75,000 - $324,950 |
Franchise Fee | $20,000 | $15,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 4% local+1% Nat'l |
Year Founded | 1980 | - |
Year Franchised | 1987 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5000 | - |
Business Experience Requirements |
||
Experience | - | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. |
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/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips � restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Advantages of Philly Connection:
1. Quality ingredients.
2. Focus on
hot food, but we also offer cold
hoagies. Hot food sells in the evening/dinner time. The cold sandwich sells more at lunch.
3. Unique steak product.
4. Philly Connection offers french fries, onion rings, and chicken tenders.
5. Philly Connection grills orders in front of the customer.
6.
Franchisee receives cooking equipment with its investment. When product offerings change, the franchisee already has this
equipment.