|
Below is an in-depth analysis and side-by-side comparison of Chuck E. Cheese's vs My Pie Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,170,000 - $1,830,000 | $184,845 - $546,095 |
Franchise Fee | $50,000 - $800,000 | $35,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 0,75% | 1% |
Year Founded | 1977 | 2012 |
Year Franchised | 1977 | 2015 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | To maintain our brand’s reputation, we ask that potential franchise owners meet the following:
Must be a resident of country to be developed and have knowledge of operating businesses including local regulations, real estate, and local cultures A passion for the brand, commitment and a drive to succeed Strong Leadership skills Strong business and financial acumen Good interpersonal and administrative skills An entrepreneurial mindset Capital to grow: Our minimum financial requirements are that potential franchise partners have a minumum of $800,000 in liquid assets that they can invest into each Chuck E. Cheese’s they develop If you would like to open 1-5 stores, it would require $800,000- $ 4 million in liquid assets to be invested in Chuck E Cheese’s. If you would like to open 6-10 stores, it would require $4- $8 million in liquid assets to invested in Chuck E. Cheese’s If you would like to open 11 or more stores, it would require $8.8 million in liquid assets to be invested in Chuck E. Cheese’s | * Passionate about serving the best pizza in the country * Fun, energetic, people-oriented * Wants the opportunity to succeed through hard work * Values transparency, teamwork, family, loyalty * Meets financial requirements *Strong organizational skills and ability to follow proven system * Dedicated to superior customer service * Restaurant experience a plus |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | 8 days in Phoenix and up to 5 days at the franchisee store in which you learn: *Company overview *Store operations *POS system and data reporting *Accounting *Marketing and advertising *Purchasing and inventory control *Equipment use and maintenance *Staffing *Customer service *Operational controls *Position hiring and training *Human resources |
Support | - | Training in: *Company overview *Store operations *POS system and data reporting *Accounting *Marketing and advertising *Purchasing and inventory control *Equipment use and maintenance *Staffing *Customer service *Operational controls *Position hiring and training *Human resources |
Marketing | - | - |
Operations | - | Passive Ownership: With qualified manager Average # of Employees 10-15 employees / 4-8 per shift |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
*Custom selection of crusts, sauces, and toppings *Pizza ingredients based on traditional Italian recipes *2 minute bake time for pizzas *Unique seasonal specialties rotated throughout the year *Additional menu items include salads, appetizers, and deserts *Happy hour all day with half price refills of beer and wine *Organic New York style sauce, endorsed by football great Kurt Warner and available in jars for take-home use *Experienced, successful restaurant team as franchisors *Small-box footprint equates to lower investment dollars and reduced occupancy costs *Operating model empowers management efficiency and unit growth *Open space with family-friendly atmosphere *Attractive markets are available throughout the US Multi-Unit Franchise Fee: 2-4 $30,000/5 plus $25,000
At My Pie we pride ourselves in being your neighborhood pizzeria. Our New York authentic pies are built to order using homemade recipes from our family archives. Our motto is local, fresh, fast! We love to source our produce locally and our pies cook up in a New York minute. Our dough and sauces are made fresh, daily using only the best ingredients. Once you taste a My Pie you’ll be hooked! Our quality and flavor far surpass the competition and we’re sure you’ll feel the same way. My Pie is truly a modern classic. It is a place where each guest has the opportunity to custom build their own dining experience.
Veterans Discount: 20%