Nick-N-Willy's vs Red's Savoy Pizza Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Nick-N-Willy's vs Red's Savoy Pizza including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Nick-N-Willy's Franchise
Red's Savoy Pizza Franchise
Investment $294,500 - $399,500$200,500 - $347,167
Franchise Fee $5,000 - $25,000$15,000
Royalty Fee --
Advertising Fee --
Year Founded 20011965
Year Franchised 20012011
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Nick-N-Willy's Franchise
Red's Savoy Pizza Franchise
Experience --

Financing Options
 
Nick-N-Willy's Franchise
Red's Savoy Pizza Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Nick-N-Willy's Franchise
Red's Savoy Pizza Franchise
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.

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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.

Red's Savoy Pizza franchisees gain operational support from the ground up. We deliver classroom and in-store training, as well as grand opening assistance to make sure your store gets off to a successful start. Throughout the operation of your business, we are here to respond to operational needs within the system, whether on an individual store basis or system-wide.
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.

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Operations --

Expansion Plans
 
Nick-N-Willy's Franchise
Red's Savoy Pizza Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Nick-N-Willy's

Our Advantages *Low Cost of Entry Ours is one of the most affordable food franchise opportunities in the country *Multiple Revenue Sources: Dine-in: offering a comfortable dining experience Carry-out: conveniently meeting your customers' timetable Take-n-bake: complete selection of fresh and ready products for those on the go Salads, desserts and sides: complement each pizza experience Beverages: a variety of specialty beverages including beer and wine choices Delivery: delicious pizzas delivered to your customers' homes and businesses *Broad Appeal Pizza represents over $46 billion in sales per year 79% of all consumers eat pizza every 10 days 93% of Americans eat at least one pizza per month Each man, woman and child eats an average of 46 slices of pizza per year Pizza eaters are repeat customers - 78% of households purchase take out or delivered pizza every single month

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About Red's Savoy Pizza

The Original Red's Savoy Pizza name has become legendary throughout the Midwest, known for its spicy secret-recipe sauce and for its old-school atmosphere... with an edge. If you're like us, you are addicted to the unique Red's Savoy Pizza taste and experience. Now you can take that obsession one step further, and own your own piece of the pie! Why Red's Savoy Pizza?
Earl "Red" Schoenheider opened the first Red's Savoy Pizza location in 1965 on the east side of St. Paul, Minnesota. Red perfected his famous secret-recipe spicy Savoy sauce and sausage over the last four decades. His outstanding, old-school thin-crust pizza has developed a cult-like following among its fans. Products and Logo. The purchase of a Red's Savoy Pizza franchise allows you access to the secret-recipe Savoy products that have made the Red's Savoy name what it is today. You gain access to our unique menu items, such as sauerkraut and pickle pizzas, that perfectly complement our spicy sauce and thin-cracker crust. In addition, our franchisees get to operate under our signature red logo featuring the "The Original Red's Savoy Pizza" name and design. This logo is recognized throughout the Midwest and beyond! The original Red's Savoy Pizza location has operated at its original location on the east side of St. Paul, Minnesota for over four decades. Its recipes and business model have stood the test of time as pizza trends have come and gone. With this history, Red's Savoy Pizza is poised for the future! Our franchises maintain this old-school timeless tradition, while taking advantage of modern opportunities for marketing, advertising, promotions, and growth. New franchisees in the Red's Savoy Pizza system have the opportunity to take advantage of our plans for growth and expansion throughout the United States.