Corner Bakery Cafe vs CHURROMANIA Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Corner Bakery Cafe vs CHURROMANIA including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Corner Bakery Cafe Franchise
CHURROMANIA Franchise
Investment $854,000 - $2,375,000 $135,000 - $335,000
Franchise Fee $25,000 $30,000
Royalty Fee 5% 8%
Advertising Fee - -
Year Founded - 1997
Year Franchised - 1998
Term Of Agreement - 5 years
Term Of Agreement - 5 years
Renewal Fee - -


Business Experience Requirements

 
Corner Bakery Cafe Franchise
CHURROMANIA Franchise
Experience * $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * “Best in class” operators within your current system * Employer of choice within your current system -

Financing Options

 
Corner Bakery Cafe Franchise
CHURROMANIA Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Corner Bakery Cafe Franchise
CHURROMANIA Franchise
Training - Corporate Office and In-store 10 days.
Support - Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control
Marketing - Ad Slicks, Brochures, Catalogs, Coupon/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show, Exhibits, Videos, Churro Truck and Community involvement.. Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies.
Operations - Average Number of Employees: 6 Full-time. Passive Ownership: Allowed.

Expansion Plans

 
Corner Bakery Cafe Franchise
CHURROMANIA Franchise
US Expansion - Yes
Canada Expansion - -
International Expansion - Yes

Start-Up Costs and Fees Mobile

Investment
Corner Bakery Cafe Franchise
$854,000 - $2,375,000
CHURROMANIA Franchise
$135,000 - $335,000
Franchise Fee
Corner Bakery Cafe Franchise
$25,000
CHURROMANIA Franchise
$30,000
Royalty Fee
Corner Bakery Cafe Franchise
5%
CHURROMANIA Franchise
8%
Advertising Fee
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
-
Year Founded
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
1997
Year Franchised
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
1998
Term Of Agreement
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
5 years
Renewal Fee
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
-


Business Experience Requirements

Experience
Corner Bakery Cafe Franchise
* $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * “Best in class” operators within your current system * Employer of choice within your current system
CHURROMANIA Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Corner Bakery Cafe Franchise
-/-
CHURROMANIA Franchise
-/-
Start-up Costs
Corner Bakery Cafe Franchise
-/-
CHURROMANIA Franchise
-/-
Equipment
Corner Bakery Cafe Franchise
-/-
CHURROMANIA Franchise
-/-
Inventory
Corner Bakery Cafe Franchise
-/-
CHURROMANIA Franchise
-/-
Receivables
Corner Bakery Cafe Franchise
-/-
CHURROMANIA Franchise
-/-
Payroll
Corner Bakery Cafe Franchise
-/-
CHURROMANIA Franchise
-/-

Training & Support

Training
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
Corporate Office and In-store 10 days.
Support
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control
Marketing
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
Ad Slicks, Brochures, Catalogs, Coupon/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show, Exhibits, Videos, Churro Truck and Community involvement.. Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies.
Operations
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
Average Number of Employees: 6 Full-time. Passive Ownership: Allowed.

Expansion Plans

US Expansion
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
Yes
Canada Expansion
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
-
International Expansion
Corner Bakery Cafe Franchise
-
CHURROMANIA Franchise
Yes

Company Overviews

About Corner Bakery Cafe

Corner Bakery Cafe has its eyes on more cafes in the Austin market and throughout Central Texas. "Austin is a booming market that has long been on our radar," LaBarge said. "The large student population, presence of young business professionals and strong economy of our state capital make it the perfect place to offer our fast-casual dining experience." "We already have 22 thriving franchise and company-owned Corner Bakery locations around the state, and the prospect of adding at least 50 additional cafes in the next eight years is very exciting," said John LaBarge, vice president of franchise business development at Corner Bakery Cafe. Here's what we're looking for: * $7.5 million net worth * $3 million liquidity (non-borrowed cash availability) * Interest in developing multiple cafes in a market or combination of markets * Relevant multi-unit restaurant / retail experience in market to be developed * Reside in market to be developed * Demonstrated real estate expertise in market * Existing infrastructure in place * Strong cultural fit * History of community involvement * Appreciation of great food * "Best in class" operators within your current system * Employer of choice within your current system

About CHURROMANIA

"We have reinvented the Churro to compete", says Ariel Acosta-Rubio, Founder-CEO of CHURROMANIA®, at the Dolphin Mall Store in Miami, Florida. Can the churro displace the doughnut and the cinnamon roll in the United States? What began sixteen years ago as a family business in an eastern coastal town in Venezuela has become a transnational franchise with more than 100 stores. Now, its owners and founders Ariel Acosta-Rubio and Maria Alejandra Bravo De Acosta-Rubio are betting that they will be able to turn a modern version of the traditional Spanish pastry into the most innovative dessert sold in Florida and worldwide. "We have rescued the churro. We have reinvented it to compete with any other kind of fast food", says Acosta-Rubio, founder-CEO of CHURROMANIA®, the Venezuelan franchise with international headquarters on Miami´s Brickell Avenue. Just as other franchises have exported the U.S fast-food culture to Latin America, Latin American fast-food franchises are slowly bringing the flavors of their countries to U.S taste buds. As the United States' Hispanic population and its purchasing power grow, the major metropolitan areas are ready to absorb the new Latin American fast-food offerings, says Marcel Portman, vice president for global development with the International Association of Franchises, a commercial group in Washington, D.C. In 2001 CHURROMANIA® opened It's first store in the United States at Dolphin Mall in Miami Florida, and since then, at Miami International Mall, Westland Mall, Pembroke Lakes Mall; Broward Mall, Southland Mall, Dadeland Mall, Coral Square Mall, Walmart Super Store at Pembroke Pines, The Churromania Truck and Sawgrass Mills Mall; in Orlando Florida Festival Bay Mall and Florida Mall CHURROMANIA® has expanded upon the basic churro, offering: BIG MANIA sprinkled with sugar or cinnamon and filled with dulce de leche, chocolate, guava, cream cheese, strawberry, caramel, sweet condensed milk, hazelnut chocolate (Nutella). TWIST MANIA: choose up to two toppings: sugar, cinnamon , dulce de leche, chocolate, guava, cream cheese, strawberry, caramel, sweet condensed milk, hazelnut chocolate (Nutella). CRISPY MANIA sprinkled with sugar or cinnamon. A TRADITION IN SPAIN Eaten with hot chocolate or café con leche, the churro is a tradition inherited from Spain. CHURROMANIA® is also present in the following countries: Colombia, Panama , Peru, Aruba, Dominican Republic and Venezuela.