la prep vs PINCHO Franchise Comparison

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

Start-Up Costs and Fees

 
la prep Franchise
PINCHO Franchise
Investment $300,000 - $425,000$463,055 - And Up
Franchise Fee $35,000$30,000
Royalty Fee 6%5%
Advertising Fee -2%
Year Founded 20102014
Year Franchised 20102014
Term Of Agreement 10 years+5-
Term Of Agreement 10 years+5-
Renewal Fee --


Business Experience Requirements

 
la prep Franchise
PINCHO Franchise
Experience No related experience is necessary, just your desire to learn. We provide all the training and assistance you will need to operate your franchise. -

Financing Options

 
la prep Franchise
PINCHO Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
la prep Franchise
PINCHO Franchise
Training 3-week training program provides hands-on experience covering all phases of operating your la prep franchise. You will receive Operations Manuals that cover everything from employee hiring and training to product preparation, management, advertising and business systems. The training continues with special on-site support by one of our training managers for 1 week for your restaurant opening.-
Support --
Marketing --
Operations --

Expansion Plans

 
la prep Franchise
PINCHO Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion Yes-

Company Overviews

About la prep

la prep is a privately-owned Canadian restaurant franchising system. Our dedicated franchisees are hands-on owner/operators that are both personally and financially committed to their business, resulting in a maximized level of customer service. As we continue our expansion of the brand we are always searching for qualified individuals to join our franchise community.

About PINCHO

"Pincho
Pincho is an elevated fast-casual Latin grill concept. We’re a concept that was born from a passion for food and is ready to grow to the next level. We’re a modern-day burger and kebab joint, and we haven’t seen any other new franchise opportunity out there doing things quite like us.
“There’s nobody else like us in the U.S.,” says CEO and Co-Founder Otto Othman. “I’m not sure there’s anybody else like us anywhere that is serving up these kinds of meals influenced by iconic Latin street food and Latin American dishes. You wrap all that up into a concept that has fantastic economics, and you have something truly unique.”

The total investment necessary to begin operation of a Pincho franchise under a franchise agreement is $463,055 - $655,500. This includes $30,000 that must be paid to the Franchisor or affiliate.
The total investment necessary to begin operation of a Pincho franchise for the first restaurant if you sign an Area Development Agreement, which requires a minimum development of 3 Pincho Restaurants, is $523,055 - $715,500. This includes $90,000 that must be paid to the Franchisor or affiliate. If you and the franchisor agree to the development of more than 3 Pincho Restaurants, then your initial total investment for the first restaurant will increase by the number of additional Restaurants to be opened under the Area Development Agreement, multiplied by $30,000.