|
Below is an in-depth analysis and side-by-side comparison of Yovana vs Yogurt Lab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $225,000 - $341,500 | $313,500 - $557,000 |
Franchise Fee | $40,000 | $35,000 |
Royalty Fee | 5% of Gross Sales | 6% of Gross Revenues |
Advertising Fee | 5% of Gross Sales | 1% local |
Year Founded | - | 2011 |
Year Franchised | - | 2013 |
Term Of Agreement | 5-10 years | 10 years |
Term Of Agreement | 5-10 years | 10 years |
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 | - | Before you open your Store, we will train you and one of your manager-level employees to operate a YOGURT L AB Store. We will provide approximately eight days of training (although the specific number of days depends on our opinion of your experience and needs) in Minneapolis, Minnesota, or another location we designate. You must attend the entire training program. Additional people beyond the first two may attend initial training if you pay our then- current training charge for each additional person (currently $500 per person per day). You also must pay for all travel and living expenses that you and your employees incur and for your employees' wages and workers' compensation insurance while they attend our initial training program. Training will occur after you sign the Franchise Agreement and while you are developing the Store. You and your attendees must complete the entire training program to our satisfaction before you may open your Store |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Yovana is the first shop of its kind to prepare yogurt fresh, in the store, every day. This wholesome, premium yogurt sets a new standard for taste and quality. Consumers can enjoy a Yovana yogurt any time of day for a delicious, smart treat that nourishes the body, mind and spirit. Combined with seasonally fresh fruit, premium organic, fair trade coffee and fresh baked breads, Yovana provides an entirely new eating experience that will take you to yogurt nirvana!