|
Below is an in-depth analysis and side-by-side comparison of Scores Restaurants vs Wings Etc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $537,000 - $737,000 | $351,200 - $1,669,369 |
Franchise Fee | $45,000 | $39,500 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | 1% |
Year Founded | 1995 | 1994 |
Year Franchised | 1996 | 2005 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | To qualify, an individual or group must have a strong desire to own and operate the unit. Scores looks for owner - operators who are fully committed to the business and to making it a success, as well as an ability to relate well to employees, customers and the community. At Scores we are constantly seeking high caliber owner-operators with a background in food service driven businesses and a keen respect with and for the workings of a restaurant. | - |
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 | Eight to twelve weeks of in-store training for themselves and their key management people, in an appropriately designated Scores restaurant | Wings Etc. operates 7 (soon to be 8) company-owned stores, and has real-world, day-to-day operational and business experience driving sales for our concept. This level of investment and commitment has resulted in a franchise training program that is built upon continually-improving best practices, excellent documentation, extensive daily, weekly and monthly forms, and deep industry experience in national chain restaurants among our trainers. Our training program includes up to six weeks of comprehensive, hands-on training for you and your management staff. |
Support | Assistance during the hiring process and additional support at the restaurant opening to assist with staff training and to ensure the restaurant opens smoothly. Ongoing support includes regular visits from the H/O management, regional meetings and annual franchise conventions. | Initial support includes site selection assistance, financing consultation, and hands-on training at a certified training site, where you'll observe and participate in the day-to-day operation of a successful Wings Etc. location. |
Marketing | - | - |
Operations | - | 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 50. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | Yes | - |
International Expansion | - | - |