| ||||
Updated RecentlyLox of Bagels vs Corner Bakery Cafe Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lox of Bagels vs Corner Bakery Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $135,000 - $165,000 | $854,000 - $2,375,000 |
| Franchise Fee | $19,000 | $25,000 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | - |
| Year Founded | 1986 | - |
| Year Franchised | 1995 | - |
| Term Of Agreement | 5 years +5 | - |
| Term Of Agreement | 5 years +5 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | * $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * �Best in class� operators within your current system * Employer of choice within your current system |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | On-Site 4 Days | - |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control 800 Telephone Hotline | - |
| Marketing | - | - |
| Operations | Average Number of Employees: 3 Full-time, 3 Part-time Passive Ownership: Allowed | - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Lox of Bagels
Retail bagel bakery with gourmet coffees, espresso, juices and specialty breads.
About Corner Bakery Cafe
Corner Bakery Cafe has its eyes on more cafes in the Austin market and throughout Central Texas. "Austin is a booming market that has long been on our radar," "The large student population, presence of young business professionals and strong economy of our state capital make it the perfect place to offer our fast-casual dining experience." "We already have 22 thriving franchise and company-owned Corner Bakery locations around the state, and the prospect of adding at least 50 additional cafes in the next eight years is very exciting," said John LaBarge, vice president of franchise business development at Corner Bakery Cafe. Here's what we're looking for: * $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * "Best in class" operators within your current system * Employer of choice within your current system