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Below is an in-depth analysis and side-by-side comparison of 241 Pizza vs Greco Pizza Donair including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $190,000 - $235,000 | $184,500 - $233,500 |
Franchise Fee | $20,000 | $20,000 |
Royalty Fee | 5% of all Sales or $350/ week | - |
Advertising Fee | 3% or $345/mo. | - |
Year Founded | - | 1977 |
Year Franchised | - | 1977 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | *Desire to provide the highest quality service and product to customers. *Personal potential for business success. *Adherence and integrity to the business plan. *Managerial skill and aptitude. *Capital investment requirements. | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | Both classroom instruction and on-the-job training for approximately 50 hours per week. It covers basic principals of management, food preparation, customer service and other details vital to the success of your new business. 241 Pizza will provide an extensive training program covering all aspects of store operations including food preparation, operating policies, equipment maintenance, selling and merchandising, management and financial control, etc. This program is three weeks in duration and is held at one of our designated training stores. | Greco's simplified menu and service concept make it easy for the new franchisee without previous restaurant experience to learn the Greco system in a short period of time. The current training program thoroughly prepares a new franchisee to operate a Greco restaurant after a four-week correspondence course. 21 days of advance training in an established Greco restaurant and on-site assistance after you open your own Greco restaurant. |
Support | Comprehensive, confidential 241 Pizza Operations Manual covering the important facets of your restaurant's operation. Ongoing advice and guidance from your Business Development Manager (BDM), including: *Recruiting, Hiring, Training and Maintaining Sufficient Staff Levels *Business Planning, Projecting and Budgeting *Maximizing Financial Performance *Cost Controls *Cash Flow Management *Customer and Community Relations *Maintaining High Operational Standards for Focusing on Quality, Service, Cleanliness & Value *Safety and Security *Food Management and Sanitation 241 Pizza National Office maintains skilled personnel to ensure efficient administration and program coordination. Regardless of the level of industry experience you may or may not have, we will provide with the guidance and training you will need to efficiently manage your business. | - |
Marketing | - | - |
Operations | - | Our comprehensive operational system is fully documented in our Operations Manual. The manual features our exclusive Greco control system in areas including product preparation, service, personnel, cost control, security and maintenance. |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Pizza has one of the highest levels of consumer acceptance in the food service industry. It is healthy with ingredients from each of the four food groups. As a finger food it requires no plates, knives or forks. It is a group meal as people enjoy eating from the same pizzaGreco Pizza is proud of its pan pizza. Years of research and development have resulted in a product that is second to none. Our pizzas are made with fresh dough daily using only the finest ingredients and Greco’s exclusive delicious pizza sauce.
Greco Donairs - because of its unique taste and texture, donairs have emerged as a major fast food item in Atlantic Canada and we are pleased to be the acknowledged leader with this exciting product. Only we have the "original Greco donair.” Our donair meat is manufactured to our specifications in our very own federally inspected meat plant, using secret recipes.
The unique OvenSub is quickly becoming a shining star on the Greco menu. Its unique positioning in the popular sub segment makes it a perfect sales builder for Greco restaurants.
Garlic fingers, with our exclusive donair dipping sauce are a strong menu item that has a loyal following in every Greco market.