Grand Traverse vs CHURROMANIA Franchise Comparison

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

Start-Up Costs and Fees
 
Grand Traverse Franchise
CHURROMANIA Franchise
Investment $400,000 - $500,000$135,000 - $335,000
Franchise Fee $25,000$30,000
Royalty Fee 5%8%
Advertising Fee --
Year Founded 19961997
Year Franchised 19961998
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee $2500-


Business Experience Requirements
 
Grand Traverse Franchise
CHURROMANIA Franchise
Experience --

Financing Options
 
Grand Traverse Franchise
CHURROMANIA Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Grand Traverse Franchise
CHURROMANIA Franchise
Training -Corporate Office and In-store 10 days.
Support -Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control
Marketing -Ad Slicks, Brochures, Catalogs, Coupon/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show, Exhibits, Videos, Churro Truck and Community involvement.. Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies.
Operations -Average Number of Employees: 6 Full-time. Passive Ownership: Allowed.

Expansion Plans
 
Grand Traverse Franchise
CHURROMANIA Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Grand Traverse

The Grand Traverse Pie Company is a restaurant and pie shop which began in Traverse City, Michigan, and now has 15 locations in Michigan and Indiana. We offer more than just amazing pie, we also serve breakfast, lunch, and dinner. Customers love our sandwiches, salads, soups, quiche, pot pies, pasties, baked goods, and coffee. We also serve as a WiFi cafe destination in our communities.
The Grand Traverse Pie Company strives to support Michigan business by using Michigan products, ingredients, and vendors.

About CHURROMANIA

"We have reinvented the Churro to compete", says Ariel Acosta-Rubio, Founder-CEO of CHURROMANIA, at the Dolphin Mall Store in Miami, Florida. Can the churro displace the doughnut and the cinnamon roll in the United States? What began as a family business in an eastern coastal town in Venezuela has become a transnational franchise with more than 100 stores. Now, its owners and founders Ariel Acosta-Rubio and Maria Alejandra Bravo De Acosta-Rubio are betting that they will be able to turn a modern version of the traditional Spanish pastry into the most innovative dessert sold in Florida and worldwide. "We have rescued the churro. We have reinvented it to compete with any other kind of fast food", says Acosta-Rubio, founder-CEO of CHURROMANIA, the Venezuelan franchise with international headquarters on Miami's Brickell Avenue. Just as other franchises have exported the U.S fast-food culture to Latin America, Latin American fast-food franchises are slowly bringing the flavors of their countries to U.S taste buds. As the United States' Hispanic population and its purchasing power grow, the major metropolitan areas are ready to absorb the new Latin American fast-food offerings, says Marcel Portman, vice president for global development with the International Association of Franchises, a commercial group in Washington, D.C. In 2001 CHURROMANIA opened it's first store in the United States at Dolphin Mall in Miami Florida, and since then, at Miami International Mall, Westland Mall, Pembroke Lakes Mall; Broward Mall, Southland Mall, Dadeland Mall, Coral Square Mall, Walmart Super Store at Pembroke Pines, The Churromania Truck and Sawgrass Mills Mall; in Orlando Florida Festival Bay Mall and Florida Mall CHURROMANIA has expanded upon the basic churro, offering: BIG MANIA sprinkled with sugar or cinnamon and filled with dulce de leche, chocolate, guava, cream cheese, strawberry, caramel, sweet condensed milk, hazelnut chocolate (Nutella). TWIST MANIA: choose up to two toppings: sugar, cinnamon , dulce de leche, chocolate, guava, cream cheese, strawberry, caramel, sweet condensed milk, hazelnut chocolate (Nutella). CRISPY MANIA sprinkled with sugar or cinnamon. A TRADITION IN SPAIN Eaten with hot chocolate or cafe con leche, the churro is a tradition inherited from Spain. CHURROMANIA is also present in the following countries: Colombia, Panama , Peru, Aruba, Dominican Republic and Venezuela.