| ||||
Updated RecentlySeacrets vs Eggspectation Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Seacrets vs Eggspectation including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,639,333 - $3,061,667 | $650,000 - $1,500,000 |
| Franchise Fee | $45,000 | $50,000 |
| Royalty Fee | 6% and 10% from hotel | 5% |
| Advertising Fee | 1% local | 2% Nat'l 1% local |
| Year Founded | - | 1993 |
| Year Franchised | - | 1998 |
| Term Of Agreement | 10 years+10 +10 | - |
| Term Of Agreement | 10 years+10 +10 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | *You or an operating partner within your franchise team must have significant foodservice and/or hospitality experience in order to qualify to become a Seacrets franchise owner. *In most cases, we expect franchise owners/operating partners to take an active role in daily operations. *Sales, customer relations, and supervisory skills, plus a strong work ethic coupled with honesty and integrity, are also important. *You must be able to meet the financial requirements for developing and operating a Seacrets business. | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | *You and your key management and kitchen staff will receive up to eight weeks of training at our corporate location. *Additional training will be provided if hotel or nightclub operations are part of your franchise business | *An initial training program as defined in the franchise agreement. *Training programs, seminars and other related activities regarding the operation of the Restaurant as we reasonably deem necessary or appropriate. *Certain on-site remedial training when requested and found appropriate. |
| Support | *Site Selection & Build-Out Guidance: site selection, building design and interior and exterior decor. *Initial Training and Ongoing Support: comprehensive corporate- and local-based training covering key business management functions. (Additional training will be provided to franchisees who oversee hotel or nightclub operations.) *Inventory Assistance: including planning and ordering initial equipment and supplies. *Established Standards and Procedures for every part of the business (front of house, back of house, bar, restaurant, music venues, and more), all detailed in our confidential operations manual. *Exclusive recipes, ingredients and cooking techniques for our specialty dishes, many of which are made from scratch; plus proprietary branded food products for retail sale. *Relationships with approved vendors and built-in volume discounts. *Marketing guidance and pre-developed materials for local advertising and promotions. | *Site selection. *Onsite assistance prior to and during restaurant opening. *Regular visits, evaluations of the Restaurant, products and services provided at the Restaurant to ensure that the high standards of quality, appearance and service of the System are maintained. *Our prototype restaurant design and consultation provided during restaurant construction. *Assist in local marketing and advertising for your restaurant unit. *Advice and written materials (including updates to the Manuals) concerning techniques for managing and operating the Restaurant, including new developments and improvements in equipment, food products, packaging and preparation. *The use of our established supply sources, including negotiated prices that could not likely be attained by an independent operator. *Merchandising support programs, product tie-ins and seasonal promotions to attract new customers, enhance customer loyalty to maximize the frequency of visits. *The benefit of our Research and Development team that is constantly testing new products and searching for new ideas and better ways to serve customers. |
| Marketing | - | *With available marketing funds, we plan marketing campaigns on regional or national level. *Assist in local marketing and advertising for your restaurant unit. |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Seacrets
The Seacrets Restaurant, Bar and Hotel Franchise Program: Bring a Little Bit of Jamaica to Your Local Community Since Seacrets was propelled over two decades back, our idea has turned out to be synonymous with great sustenance and great circumstances for clients from up and down the Eastern Seaboard … and past. Everybody who visits Seacrets appreciates a smidgen of island life. That is the reason we're glad to call ourselves Jamaica, U.S.A.! Presently we're prepared to grow our physical operations past our Ocean City, Maryland base, and bring our tropical eating and excitement experience to individuals the country over. We've put a great deal of work into cleaning and culminating our frameworks, methodology, formulas, and the sky is the limit from there, and we are prepared to impart the points of interest to qualified establishment proprietors. Join our group and get on the way to owning and growing a genuinely unmatched idea in the gigantic cordiality establishment industry. Seacrets gives you the instruments, the marking, and the interestingly themed idea you have to emerge in the commercial center! For more data on the Seacrets establishment program, visit our Frequently Asked Questions page, ask for a leaflet
About Eggspectation
The idea sprung to life in Montreal in 1993. We started out with just a few key thoughts and a passion for innovation and memorable experiences.
From the first, we wanted to take our favorite mealtime ingredients and creatively expand their culinary taste delights across not just breakfast and brunch but also to lunch and dinner -"set in a welcoming and energetic bar and café ambiance. This new level of innovation has led us to today’s satisfying and diverse eggspectation menu ranging from freshly prepared artisanal brioche French toast, thin French crepes, Belgian waffles, fluffy buttermilk pancakes, pastas, burgers, seafood, steak and -"of course" - eggs benedict! Those Montreal beginnings have grown to fit today’s fresh, clean, and very tasty modern American cuisine.
Even after 25 years, we are thrilled to celebrate our customer friendly culture with its focus on service, an eye toward better eating, and a passionate reverence for all things "breakfasty.”
Eggspectation Restaurants is seeking highly qualified, proven partners to acquire the rights to develop and operate single or multiple units in significant markets pursuant to either area development agreements in the United States and abroad or individual franchise agreement. This is your opportunity to become a strategic franchise partner with one of North America's most innovative, fast growing, upscale and casual dining restaurant companies. After reviewing the additional information contained in this section, we would be delighted to begin a dialogue with you about the possibility of joining our team.