My Friend's Place vs B2Cafe Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Friend's Place vs B2Cafe including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
My Friend's Place Franchise
B2Cafe Franchise
Investment $156,650 - $260,400$500,000 - And Up
Franchise Fee $20,000$35,000
Royalty Fee 5%6%
Advertising Fee 1%2%
Year Founded 19801991
Year Franchised 19802004
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Friend's Place Franchise
B2Cafe Franchise
Experience -

Business experience is ideal. It is also preferable that you have at least 5+ years in the Franchise/Restaurant arena. Also, quota driven executive sales professionals with a great entrepreneurial spirit can be very successful.


Financing Options

 
My Friend's Place Franchise
B2Cafe Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
My Friend's Place Franchise
B2Cafe Franchise
Training 1. Headquarters 12 Business Days

2. Franchisee Site 12 Business Days

-
Support Field Operation Evaluation

Field Training: At Additional Cost

Initial Store Opening

Inventory Control: At Additional Cost

Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing --
Operations Average Number of Employees: 2 Full-time, 2 Part-time

Passive Ownership: Not Allowed

-

Expansion Plans

 
My Friend's Place Franchise
B2Cafe Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

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 B2Cafe

B2 Cafe specializes in serving freshly made-to-order food, prepared with the highest quality ingredients and served with a friendly smile each and every time.B2 Cafe began in 1991 in Tallahassee, Florida as Bagel Bagel Cafe, 'A Place So Nice We Named It Twice.' John Stout, founder of the original concept, created the idea based on skills he accumulated while working and managing a diverse number of restaurants across the U.S. As the chain expanded, so did the menu, adding signature sandwiches such as the 'Wine & Cheese,' the 'RBCC' and the 'Florida Club.' And the rest, as they say, is history. With the purchase of the restaurants by the Winsteads, the original Cafe has evolved to become B2 Cafe, with an eclectic collection of customer favorites. From bagel melts and breakfast wraps, to salads, soups and specialty dishes, B2 Cafe continues to offer quality products, excellent service and incredible value. Today, our attention to detail and innovative offerings have provided our franchisees with exceptional financial opportunity in the growing fast-casual dining category, and our employees with a solid career path to their own success. But the real winners are our guests, enjoying consistently good products, exceptional service and an affordable selection of cafe fare. Financial Requirements: *Minimum Net Worth - $500,000 *Minimum Liquid Resources - $250,000 *Prior Restaurant Experience is a plus Building Types and Requirements: *Regional shopping centers *Storefront and signage should have good visibility from main streets and intersections *1,600-3,000 sq. ft. *Sufficient parking for all tenants of shopping center *End cap of shopping center preferable *Additional seating outdoors a plus *New shopping centers (less than 10 years old) Demographic Recommendations: *Population of 45,000 people within a 3-mile radius *Median age - 45 years old and below *Concentration of office and/or retail *Close proximity to colleges and universities is a plus *Traffic counts in excess of 45,000 cars per day