Great Canadian Bagel vs Newk's Franchise Comparison

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

Start-Up Costs and Fees
 
Great Canadian Bagel Franchise
Newk's Franchise
Investment $85,000 - $350,000$971,100 - $1,207,350
Franchise Fee $20,000$40,000
Royalty Fee -5%
Advertising Fee -1.5%
Year Founded 19932004
Year Franchised 19942004
Term Of Agreement --
Term Of Agreement --
Renewal Fee -none


Business Experience Requirements
 
Great Canadian Bagel Franchise
Newk's Franchise
Experience -Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets).

Financing Options
 
Great Canadian Bagel Franchise
Newk's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support
 
Great Canadian Bagel Franchise
Newk's Franchise
Training -On-The-Job Training: 276 hours Classroom Training: 74 hours
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations -Number of Employees Required to Run: 50

Expansion Plans
 
Great Canadian Bagel Franchise
Newk's Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Great Canadian Bagel

In April, 1993 "The Great Canadian Bagel, Ltd." began operations with an initial store in Metropolitan Toronto. Featuring 24 varieties of fresh baked bagels, 21 flavours of cream cheese spreads and a selection of soups, salads, and made-to-order sandwiches, the store was an immediate success.
At The Great Canadian Bagel all bagels are baked fresh from recipes calling for only the finest natural ingredients with no preservatives. The majority of stores are equipped with an on-premise bakery enabling customers to watch the bagels being made and smell the aroma as they are taken from the oven. This combination of high quality product, attractive store atmosphere and their constant focus on providing the highest level of customer service all work together to set The Great Canadian Bagel a notch above the competition in the fast growing Bagel segment of the Foodservice market.

About Newk's

Experienced restaurateurs know that the only constant in our industry is change. Newk's has a flexible menu designed for timeless appeal with three primary components - sandwiches, salads and pizzas. These were chosen to provide maximum adaptability to changing costs, tastes and regional preferences.
Newk's is also a flexible concept adaptable to many venues.
* Pad or commercial sites
* Strip and lifestyle centers
* Urban/downtown locations
* Conversions of existing restaurants
* Enclosed mall/food court locations
* University or office locations
* Airport, train station or other non-traditional locations

The Newk's Express Cafe franchise program is designed for growth; it's designed to provide you and your organization with the guidance, the training and the tools to implement our innovative concept, and to refine and grow for many years to come. The Newk's Express Cafe strategy is to provide each customer with many ways to enjoy Newk's, and help franchise owners maximize the benefit of each customer relationship.

The Newk's Concept offers:
* Dine-in
* Takeout
* On-site catering
* Retail sales
* Corporate sales programs

Get Growing - with Newk's Express Cafe
If you are looking for a solid business opportunity designed for growth, consider the advantages of the Newk's Express Cafe franchise opportunity:
* A concept validated by industry trends
* Limited menu with unlimited appeal
* A streamlined, efficient operational system
* Flexible menu, adaptable to change in trends and tastes
* Flexible store design/location options
* Long-term, multi-unit franchise focus
* An experienced, respected management team
* Strong training and marketing programs

* The ongoing support of a dedicated franchise company

The total investment necessary to begin operation of a Newk's Restaurant franchise is $971,100 to $1,207,350. This includes a $40,000 initial franchise fee that must be paid to the franchisor. The franchisor may offer to enter into an area development agreement to establish and operate a certain number of Newk's Restaurants at specific locations pursuant to individual franchise agreements. The area development fee, which will vary depending upon the number of franchised restaurants to be developed, will be equal to the total of $40,000 for the first Newk's Restaurant plus $20,000 for each additional Newk's Restaurant to be developed. The area development fee will be applied to the initial franchise fees for each applicable Newk's Restaurant.