| ||||
Updated RecentlyThe Loop Pizza Grill vs Benny's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Loop Pizza Grill vs Benny's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $525,000 - $900,000 | $169,800 - $543,500 |
| Franchise Fee | $30,000 | $30,000 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 2% |
| Year Founded | 1981 | 2011 |
| Year Franchised | 1990 | 2019 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About The Loop Pizza Grill
The Loop Pizza Grill is a neighborhood fast-casual restaurant that
offers the quality and atmosphere of a full-service dining
establishment. As a pioneer of the fast-casual segment for 30 years, The
Loop Pizza Grill was one of the first restaurants to offer a variety of
made-to-order fresh foods in an upscale environment. The Loop serves a
variety of signature pizzas, burgers, salads, sandwiches and hand-dipped
milkshakes. Open for lunch and dinner, the average sales volume per
restaurant is $1.2 million, with guest checks averaging $10. Based in
Jacksonville, Fla., The Loop Pizza Grill was founded by Mike and Terry
Schneider in 1981 as a 60-seat restaurant.
The franchise fee for a single LOOP franchise is $30,000. The fee is payable in two phases: $15,000 at the execution of the agreement, and $15,000 when a lease is signed or training begins.
About Benny's
!["Bennys]("https://fddexchange.com/wp-content/uploads/2020/07/Bennys.png")
Benny’s is quickly expanding and looking for people with the drive to achieve their own success story.
Franchising a Benny’s is an amazing opportunity to become tight
within your community, be part of an exciting and respected business,
and secure an impressive ROI.
The total investment necessary to begin operation of a franchised
Benny’s restaurant is $169,800 to $533,500. This includes $30,000 that
you must pay to the franchisor or their affiliate.
The franchisor primarily offers multi-unit franchises under which you agree to open and operate a specified number of Benny’s restaurants over an agreed period of time within a defined geographic area. If you sign a multi-unit agreement (covering three or more units), your total initial investment will be $179,800 to $543,500 plus $5,000 for each additional agreed unit after the third unit. This includes $40,000 plus $5,000 for each unit in your development schedule after the third unit that you must pay to the franchisor or their affiliate.
The franchisor primarily offers multi-unit franchises under which you agree to open and operate a specified number of Benny’s restaurants over an agreed period of time within a defined geographic area. If you sign a multi-unit agreement (covering three or more units), your total initial investment will be $179,800 to $543,500 plus $5,000 for each additional agreed unit after the third unit. This includes $40,000 plus $5,000 for each unit in your development schedule after the third unit that you must pay to the franchisor or their affiliate.