Iceberg Drive Inn vs PINCHO Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Iceberg Drive Inn vs PINCHO including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Iceberg Drive Inn Franchise
PINCHO Franchise
Investment $132,500 - $556,000$463,055 - And Up
Franchise Fee $25,000$30,000
Royalty Fee -5%
Advertising Fee -2%
Year Founded 19602014
Year Franchised 20012014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Iceberg Drive Inn Franchise
PINCHO Franchise
Experience --

Financing Options

 
Iceberg Drive Inn Franchise
PINCHO Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Iceberg Drive Inn Franchise
PINCHO Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Iceberg Drive Inn Franchise
PINCHO Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Iceberg Drive Inn

The first Iceberg Drive Inn was opened by Lamar Sorensen on April 12, 1960.  A local ice cream machine salesman named Hap Vitale had the idea for a building with a distinctive roof that served great milkshakes, burgers and fries.  He convinced Lamar to open this concept and Iceberg Drive Inn was born.  It was located on the corner of 900 East and 3900 South in Salt Lake City, Utah.  The building was originally designed to be moved after a few years as he was only renting the land at the time.  Many report that it was the first drive thru in the Salt Lake City area.  Lamar insisted that Drive Inn be spelled with two "n’s” as he felt it appeared friendlier to invite people to an "inn” rather than simply a "drive in”.

About PINCHO

"Pincho
Pincho is an elevated fast-casual Latin grill concept. We’re a concept that was born from a passion for food and is ready to grow to the next level. We’re a modern-day burger and kebab joint, and we haven’t seen any other new franchise opportunity out there doing things quite like us.
“There’s nobody else like us in the U.S.,” says CEO and Co-Founder Otto Othman. “I’m not sure there’s anybody else like us anywhere that is serving up these kinds of meals influenced by iconic Latin street food and Latin American dishes. You wrap all that up into a concept that has fantastic economics, and you have something truly unique.”

The total investment necessary to begin operation of a Pincho franchise under a franchise agreement is $463,055 - $655,500. This includes $30,000 that must be paid to the Franchisor or affiliate.
The total investment necessary to begin operation of a Pincho franchise for the first restaurant if you sign an Area Development Agreement, which requires a minimum development of 3 Pincho Restaurants, is $523,055 - $715,500. This includes $90,000 that must be paid to the Franchisor or affiliate. If you and the franchisor agree to the development of more than 3 Pincho Restaurants, then your initial total investment for the first restaurant will increase by the number of additional Restaurants to be opened under the Area Development Agreement, multiplied by $30,000.