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Below is an in-depth analysis and side-by-side comparison of The Greene Turtle Sports Bar & Grille vs Boston's Restaurant & Sports Bar including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,455,000 - $2,702,500 | $600,000 - $3,057,500 |
Franchise Fee | $45,000 | $50,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | 1.5% | - |
Year Founded | 1975 | 1964 |
Year Franchised | 2003 | 1978 |
Term Of Agreement | 10 years +5+5 | - |
Term Of Agreement | 10 years +5+5 | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | To be considered as a candidate for a Boston's franchise, you (or your partnership) must be able to demonstrate at least $1,500,000 in net worth and at least $600,000 in liquid capital to invest in this business. Conversion requirements may be less. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | Prior to opening the restaurant, the franchisee operating partner, one full-time general manager, an assistant manager and a kitchen manager will receive a total of approximately eight weeks of training by our staff. During the opening, we will provide a minimum of ten days on-site assistance. After that, your key operating staff will be required to attend refresher courses, seminars and other training programs from time to time. On-The-Job Training: 288 hours Classroom Training: 64 hours | Experienced trainers partner with the franchisees to offer ongoing individualized training and support. The team uses various training methods to increase knowledge around operations, functional roles within the restaurant, POS features and management fundamentals. |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Franchisees will receive support on an individual and regional level in the form of highly targeted print and broadcast advertising, media buying, public relations and promotions. Field Marketing Managers support the franchisees with all marketing initiatives and help implement localized programs. |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |