Red Wheel Fundraising vs IronDrive Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Red Wheel Fundraising vs IronDrive including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Red Wheel Fundraising Franchise
IronDrive Franchise
Investment $38,000 - $86,000$39,000
Franchise Fee $20,000$20,000
Royalty Fee 8%6%
Advertising Fee -2%
Year Founded 1982-
Year Franchised 1988-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $2000-


Business Experience Requirements

 
Red Wheel Fundraising Franchise
IronDrive Franchise
Experience - * > Customer Oriented * > Positive Attitude * > Passion for Quality

Financing Options

 
Red Wheel Fundraising Franchise
IronDrive Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Red Wheel Fundraising Franchise
IronDrive Franchise
Training * Available at headquarters: 30 hours+

* At franchisee's location: 8 hours+

* At existing franchisees' locations: 30 hours+

Franchisee attends new franchisee training program in Chandler, Az.
Support --
Marketing --
Operations * Franchise can be run from home

* 30% of all franchisees own more than one unit

* Number of employees needed to run franchised unit: 1 - 3

* Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

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Expansion Plans

 
Red Wheel Fundraising Franchise
IronDrive Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Red Wheel Fundraising

Since 1982 Red Wheel has been in the business of manufacturing food for fundraising. Headquarters are in Council Bluffs, Iowa. Our business has grown steadily. Today Red Wheel is the industry’s largest manufacturer of the best variety of frozen food for fundraising.

Red Wheel manufactures the best food products to help fundraising groups attain their goals. Our tagline of "our goal is to help you attain yours" says it all.

About IronDrive

Do you want to be excited about going into work each day - and not have to sit in front of a computer for eight hours at a time? Would you like to see your hard work impact your own bottom line instead of your employer's? Do you want to choose the people you work side-by-side with every day? Would you like to have the flexibility to set your own schedule and sleep in your own bed every night? Would you enjoy standing back at the end of the day and see the tangible fruits of your labors? Do you love doing what you think is right instead of what others are telling you to do? Can you imagine wearing shorts to work every day? Did you say "yes" to virtually every question? CONGRATULATIONS! You have passed our quiz. We're glad you've found us! An IronDrive franchise can help you achieve many of your personal goals. We give you the freedom to run your own business, but with a supportive community of people doing the same thing, a proven business model and a national brand. We often hear from candidates that they are attracted to IronDrive because they can be in business for themselves, but not by themselves.

IronDrive specializes in garage floor coverings and much more. IronDrive gives you the opportunity to install high-quality siding for residential garages and many commercial siding applications. Your product is easy to apply - a two-car garage can be fully coated in as little as six hours!

The market for this product is practically untapped. IronDrive reports that a high percentage of garage floors in the United States are bare concrete. More and more garages are becoming second "man cave” or simply lining so oil spills and dirt can be cleaned up quickly.

An investment for this relatively low cost franchise of $ 39,000 makes this a very attractive opportunity. This gives you the opportunity to be your own boss and run your own company. Very low inventory is also required. The company claims that it is a "turnkey” operation, but does not mention any means of developing an Internet presence. For a fraction of the franchise price, you can learn how to effectively market your IronDrive business on the Internet. You simply need some internet marketing, mentoring, and coaching and training to help you jump-start your new business. You are obviously reading this on the internet, and as a business owner you must also learn how to market on the internet.