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Updated RecentlyWoody's Wood Shops vs My Destination Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Woody's Wood Shops vs My Destination including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $85,000 - $185,000 | $20,000 - $50,000 |
| Franchise Fee | $22,000 | N/A |
| Royalty Fee | 6% | 500/month |
| Advertising Fee | 2% | - |
| Year Founded | 1978 | - |
| Year Franchised | 1980 | - |
| Term Of Agreement | 15 years +15 | - |
| Term Of Agreement | 15 years +15 | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | |
| Support | - | |
| Marketing | - | - |
| Operations | Average Number of Employees: 1 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | - | Yes |
Company Overviews
About Woody's Wood Shops
WOODY'S WOOD SHOPS offer instruction and use of virtually all shop tools in a fully outfitted wood shop. After detailed instruction and testing, members have full use of shop and related facilities. Open 15 hours/day, 7 days/week. Also sell small tools and all power equipment at cost plus 5%. Members pay front-end fees plus dues.
About My Destination
At My Destination we pride ourselves on creating a franchise structure that is not only very supportive but also great fun to be a part of. In general we are in contact with our franchisees on a daily basis, helping each other to maximise the potential of each individual site as well as the mydestinationinfo.com network. We also see our franchise network as more of a partnership, each person bringing new things that all of us in the network can benefit from thanks to everyone's backgrounds and skills. By taking advantage of this we are able to continually improve and diversify the business in ways that an individual on their own could not do. My Destination is focused on providing websites that offer unrivalled levels of local information; everything a traveller could want to know and all in one place! Developed with the latest internet technologies to embrace the power of 'Social Media' and 'Visitor Interaction'...and combining these with online booking engines....each My Destination site brings the best of the internet to the destination. One of the most important factors that has lead to the overwhelming success of My Destination is the partnerships in each destination with local residents; individuals and organizations whom are passionate and enthusiastic about their destination and are well placed within the community to help promote all of the tourist companies in the destination to the thousands of potential tourists whom will use the site. If this sounds like an exciting opportunity to you then please contact us.