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Updated RecentlyFit for Life vs Binghamton Hots Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fit for Life vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $180,000 - And Up | $122,850 - $213,450 |
| Franchise Fee | N/A | $25,000 |
| Royalty Fee | 7% | 5% |
| Advertising Fee | 0% | 2% |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | - | 10 years +5+5 |
| Term Of Agreement | - | 10 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | No/- |
| Start-up Costs | -/- | No/- |
| Equipment | -/- | No/- |
| Inventory | -/- | No/- |
| Receivables | -/- | No/- |
| Payroll | -/- | No/- |
Training & Support |
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| Training | - | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | At Fit for Life, we fully understand the needs of a Franchisee "Business Person" and further understand that change in the business environment is constant and indeed needed. Fit for Life Head Office personnel are available on an ongoing basis to aid and assist in all levels of management for the benefit of the Franchisee. | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Fit for Life
Fit for Life is a fast food concept catering to the health and nutrition conscious consumer. The menu focuses primarily on nutrition developed around the Wrap sandwich prepared with organically made bread, with no chemicals or preservatives. The Fit for Life menu items are endorsed by the Heart and Stroke Foundation and have earned an excellent reputation through many satisfied customers. The Fit for Life franchise is protected under federal and provincial trademark laws. It offers an exciting and outstanding opportunity to become part of a highly successful and rapidly growing fast food industry. Fit for Life's unique concept responds to the increasing consumers demand for a high quality nutritious product provided in an attractive, efficient format.
About Binghamton Hots
You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
- You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
- You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.