|
Below is an in-depth analysis and side-by-side comparison of Michel's Baguette vs Cinnaholic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $350,000 - $800,000 | $178,000 - $308,500 |
Franchise Fee | $40,000 | $35,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 2% |
Year Founded | - | 2010 |
Year Franchised | - | 2014 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 40 hours+ Classroom Training: Varies |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
Marketing | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 10 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | Yes | - |
International Expansion | - | Yes |
Michel’s Bakery Café is a café chain found throughout Canada. The main
draw is the beverages, both hot (coffee, cappuccino, latte, espresso,
and hot chocolate) and cold (smoothies, juices, soft drinks, and bottled
water). In addition to drinks, Michel’s Bakery Café also has a sizeable
selection of foods. With a menu that includes breads and pastries,
sandwiches, soups and salads, and breakfast items, Michel’s Bakery Café
is sure to satisfy its customers’ cravings.