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Below is an in-depth analysis and side-by-side comparison of Lox of Bagels vs Cinnaholic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $135,000 - $165,000 | $178,000 - $308,500 |
Franchise Fee | $19,000 | $35,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 2% |
Year Founded | 1986 | 2010 |
Year Franchised | 1995 | 2014 |
Term Of Agreement | 5 years +5 | - |
Term Of Agreement | 5 years +5 | - |
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 | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | On-Site 4 Days | On-The-Job Training: 40 hours+ Classroom Training: Varies |
Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control 800 Telephone Hotline | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
Marketing | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | Average Number of Employees: 3 Full-time, 3 Part-time Passive Ownership: Allowed | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 10 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Retail bagel bakery with gourmet coffees, espresso, juices and specialty breads.