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Updated RecentlyMy Friend's Place vs Melt Shop Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Friend's Place vs Melt Shop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $156,650 - $260,400 | $368,240 - $698,800 |
| Franchise Fee | $20,000 | $35,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1% | 2% |
| Year Founded | 1980 | 2010 |
| Year Franchised | 1980 | 2017 |
| Term Of Agreement | - | 5 Years +5+5+5 |
| Term Of Agreement | - | 5 Years +5+5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Melt Shop is seeking well capitalized partners who are entrepreneurial and have a strong knowledge of their market. The ideal franchisee is a proven multi-unit operator in the restaurant industry. At this time we are not offering sub-franchises. |
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 | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days | On-The-Job Training: 224 hours Classroom Training: 24 hours |
| Support | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app |
| Operations | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed | Number of Employees Required to Run: 15 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About My Friend's Place
A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'
About Melt Shop
Melt Shop believes that one quality, more than any other, determines the success
of a concept: the strength of the brand and its connection to guests.
Melt Shop was built upon that premise
Seeking multi-unit franchisees with strong restaurant and
hospitality experience and a shared dedication to operational excellence
who have a strong knowledge of their market. The ideal franchisee is a
proven multi-unit operator in the restaurant industry. At this time we
are not offering sub-franchises.