|
Below is an in-depth analysis and side-by-side comparison of Ziiing Yogurt vs sweetFrog including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $165,636 - $506,600 | $95,600 - $477,500 |
Franchise Fee | $25,000 | $15,000 - $30,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | 1.5% |
Year Founded | - | 2009 |
Year Franchised | - | 2012 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | > Understanding and agreement with the Ziiing Frozen Yogurt concept of high standards, operations and customer service. > Desire and ability to participate and conform with our operating system. > An enthusiastic and entrepreneurial spirit. > Willingness to devote full-time efforts to this business. > A minimum net worth (for single-unit operators) of $350,000 with at least $75,000 to $100,000 liquid. > Consistent employment or business ownership history. > Working knowledge of accounting and financial reports. > Strong communication and organizational skills. > Management experience. | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
||
Training | 1-day orientation, then a week at our corporate office and corporate store. The last portion of training consists of a corporate approved trainer going to your location & being there with you & your staff during the first week of opening. | On-The-Job Training: 24 hours Classroom Training: 24 hours Additional Training: As needed |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | 50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators). |
Expansion Plans |
||
US Expansion | - | No |
Canada Expansion | - | No |
International Expansion | - | No |