|
Below is an in-depth analysis and side-by-side comparison of Sir Chocolate vs Fannie May Candies including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $41,300 - $136,500 | $260,000 - $460,000 |
Franchise Fee | $25,000 | $40,000 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 2003 | 1920 |
Year Franchised | 2004 | 0 |
Term Of Agreement | 7 years | - |
Term Of Agreement | 7 years | - |
Renewal Fee | $5K/$10K | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-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 |
||
Training | * Available at headquarters: 3 days * At franchisee's location: 3-5 days | - |
Support | - | - |
Marketing | - | - |
Operations | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
Sir Chocolate began as a one-man operation with only a single chocolate fountain. Since then, the company has expanded from a homebased business into a combination warehouse, kitchen and office. The lone fountain has grown into a mobile chocolate fountain cart made for special events, a retail outlet and fondue gift baskets. Franchisees have three options for running their business: catering, retail and a retail-vending cart.