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Updated RecentlyChez Cora vs Waffy's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Chez Cora vs Waffy's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $591,000 - $883,500 | $116,680 - $310,000 |
| Franchise Fee | $45,000 | $30,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3% | 2% |
| Year Founded | 1987 | - |
| Year Franchised | 1993 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Six to seven week training program theoretical and practical | Using a combination of classroom and on-the-job instruction, you'll be trained in all aspects of the Waffy's franchise: business operations, administrative procedures, customer service, food preparation techniques, sales, and more. As you prepare to open your store, an experienced trainer will be on hand to help you get off to a good start. |
| Support | The main function of the Franchisor is to assist the franchise system. This means providing ongoing phone calls, restaurant visits and coaching to ensure all Cora's systems, specifications and standards are in place to drive consistent operations and profitable sales. | Operations Manual. Every aspect of the Waffy's franchise is laid out for you in this comprehensive guidebook. In addition to serving as a valuable reference tool, you'll use this manual to help train your managers. Site Selection. You'll receive guidelines for choosing an appropriate location for your Waffy's franchise. Comprehensive Web-based support system. Waffy's offers a high level of support services through its password protected franchise Web portal system which provides: Online training videos and "how-to" tutorials Online ordering from suppliers Management tools (forms, break-even analysis spreadsheets) Calendar for critical dates reminder Communication board (with Waffy's team & among franchisees) Ongoing Service and Support. As a valued member of our franchise family, you will receive continuing support and guidance. We're available by phone or email to address any questions or concerns and a Waffy's field representative will periodically visit your store. |
| Marketing | - | We'll share our expertise with you in promoting the Waffy's concept, which includes providing you with marketing and advertising materials and strategies. |
| Operations | We require owner/operators. | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Chez Cora
"Queen of Quebec Breakfasts."
Cora, an enterprising businesswoman with eight thriving restaurants, had yet another recipe for success. Motivated by the success of her breakfast concept, Cora and her ambitious family decided to franchise their restaurants. For Cora, developing the breakfast food business niche meant doing it better than anybody had ever done it anywhere. Like any good recipe, success takes time to perfect. Cora, supported by her diligent team, slowly but surely developed more expertise in the business, and her unerring drive for perfection earned her the title, "Queen of Quebec Breakfasts." Because she loved cooking for a crowd, Cora was continually opening new restaurants until she realized she could teach others her winning recipe. So began her foray into franchising. In 1993, Cora explored the possibility of franchising and was delighted to find that her business formula met all the criteria established by franchising specialists. Her dream of having restaurants throughout Quebec was about to become a reality. Franchising soon became Cora's business strategy to achieve her primary objective. For Cora, franchising allowed her to: offer breakfasts in as many places as possible, as often as possible and to as many customers as possible. Cora's offers:
- A schedule that offers a balance between business and personal life
- A system designed for franchisees to easily acquire the knowledge to operate a restaurant
- A 5-week training program
- Assistance and ongoing support from an experienced team
- Customized marketing plans
- A proven business model based on quality products and service
- A successful brand with more than 125 restaurants in Canada
About Waffy's