|
Below is an in-depth analysis and side-by-side comparison of Nick-N-Willy's vs Papa Bello including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $294,500 - $399,500 | $163,000 - $318,300 |
Franchise Fee | $5,000 - $25,000 | $25,000 |
Royalty Fee | - | 6% |
Advertising Fee | - | 2% |
Year Founded | 2001 | 2005 |
Year Franchised | 2001 | 2006 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/No |
Start-up Costs | -/- | No/No |
Equipment | -/- | No/No |
Inventory | -/- | No/No |
Receivables | -/- | No/No |
Payroll | -/- | No/No |
Training & Support |
||
Training | Nick-N-Willy's offers a comprehensive 30-day training program. The training program consists of a combination of practical product components and most importantly a primary focus on how to run your Nick-N-Willy's business. All aspects of operations, accounting, human resources, safety and food services are covered thoroughly. | At Papa Bello, we're committed to the success of our franchise owners. For this reason we have put together a comprehensive three week training program to ensure the transition into your new life as a Papa Bello Franchisee is a smooth and easy one. Following your acceptance as a Papa Bello franchisee, you will be scheduled to begin the Papa Bello comprehensive training program. Your training will cover: * Administration and Store Development * Human Resources - Recruiting, Interviewing, Hiring, Training and Motivating * Store Opening and Closing Procedures * Bookkeeping * Working together with WAL*MART (as applicable) * Products * Food & Paper Cost Guide * Delivery * Customer Service * Inventory Control * Sanitation * Equipment Care and Maintenance * Marketing * POS (Point Of Sale) System Operation The Papa Bello training program covers every aspect of store management and operations. Upon graduation, you will have mastered the skills and knowledge needed to successfully manage your own Papa Bello Pizza restaurant. Plus, the Papa Bello training team is always available should you have questions once your store opens. Our main goal is your success! |
Support | Real Estate Once you become a franchise owner, our real estate professionals will work with you in identifying the best site for your business. Nick-N-Willy's has an established real estate network around the country with real estate professionals situated in many local markets. These specialized individuals are familiar with our site requirements and demographic profile. Your real estate professional will negotiate the best lease terms possible with the landlord and work with you every step of the way. Construction We're with you every step of the way- from site selection to grand opening. We have connections with industry experts and professionals from architects and real estate brokers to contractors and equipment vendors. We will help you manage every facet of the project and avoid all of the common pitfalls so that you can get your store ready quickly and efficiently. We'll also be right there with you at your grand opening to make sure that your team is well trained and that you make a great first impression. Financing We are dedicated to helping you to shop around for your business loan to find the best rates and terms. After you become a franchise owner, Nick-N-Willy's will assist you in preparing the necessary business plans and loan submission information for your bank or financial institution of your choosing. It is very common in the franchising business for a franchise owner to obtain government sponsored business loans for up to 70% of the total costs associated with setting up a franchised business. However, business loans for 50% of total costs are more readily available and are most common. In order to qualify for these types of loans, financial institutions typically require unencumbered liquid assets or cash equal to 25% to 50% of the total cost of setting up the franchise business to support the loan application. | - |
Marketing | Our advertising department develops advertising campaigns throughout the year by creating new marketing materials and promotions for the use of all franchise owners. The marketing team also oversees production of regional and local marketing to create brand awareness. In addition we assist you in utilizing our marketing materials and techniques to locally promote your stores and participate in community events in your local markets. | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Papa Bello joined the thirty three billion dollar pizza industry under the most desirable circumstances - being located inside WAL*MART stores. WAL*MART locations are always available throughout the entire United States. Growing along side the number one retailer in the world has ensured that Papa Bello is quickly becoming a household name. The approx. 2000 sq. ft. of restaurant space we have at the front door entrance allows us to capitalize on the thousands of people who shop at WAL*MART each day. Customers can come in and enjoy our superior dine-in food and service OR get a fresh, made to order Take-N-Bake pizza for later OR they can even get their pizza delivered. Papa Bello Pizza truly is the formula for success.