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Below is an in-depth analysis and side-by-side comparison of Lox of Bagels vs Peace, Love & Little Donuts 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 | $121,200 - $235,100 |
| Franchise Fee | $19,000 | $40,000 |
| Royalty Fee | - | 6% |
| Advertising Fee | - | 1% |
| Year Founded | 1986 | 2009 |
| Year Franchised | 1995 | 2016 |
| Term Of Agreement | 5 years +5 | - |
| Term Of Agreement | 5 years +5 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Net-worth Requirement $500,000 Liquid Cash Requirement $150,000 |
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 | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-Site 4 Days | On-The-Job Training: 40 hours Classroom Training: 20 hours |
| 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 Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Social media Website development Email marketing Loyalty program/app |
| Operations | Average Number of Employees: 3 Full-time, 3 Part-time Passive Ownership: Allowed | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Retail bagel bakery with gourmet coffees, espresso, juices and specialty breads.