|
Below is an in-depth analysis and side-by-side comparison of Hooters vs Village Inn Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $956,500 - $4,275,000 | $963,000 - $2,570,000 |
Franchise Fee | $75,000 | $40,000 |
Royalty Fee | 5% | 4% |
Advertising Fee | 2.5% | 1%local +0.5%Nat'l |
Year Founded | 1983 | 1958 |
Year Franchised | 1986 | 1961 |
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: Varies Classroom Training: Varies | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection | - |
Marketing | Ad Templates National Media Regional Advertising Social media Website development Loyalty program/app | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | No | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
There are no franchise opportunities available in the United States. Every region has been sold and our franchisees are not allowed to sub-franchise. International Hooters of America has franchise opportunities in the following countries: * Baltic States * Belorussia * Benelux * Bolivia * Bulgaria * Canada (Newfoundland) * Czech Republic * Denmark * Dominican Republic * Ecuador * Finland * France (multi-territory) * Hungary * Iceland * Italy (multi-territory) * Netherlands * Norway * Poland
Village Inn is a proven family-restaurant brand that follows a simple
recipe for success: Provide good food and good feelings at a reasonable
price in a relaxing atmosphere. By treating our customers to
consistently great-tasting food, extra-friendly service and
sparkling-clean restaurants - we keep them coming back to us.
Since our first restaurant opened in 1958, followed by the first
franchise restaurant in 1961, times have changed. But as Village Inn’s
continued growth and success demonstrate, our unique brand of family
restaurant will never go out of style.
Each Village Inn restaurant features special qualities that set us apart from our competition:
The qualities we look for in our partners include:
In turn, Village Inn provides support for operating: