|
Below is an in-depth analysis and side-by-side comparison of Steak & Stuff vs Hummus & Pita Co including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $95,000 - $115,000 | $409,000 - $734,500 |
Franchise Fee | $15,000 | $40,000 |
Royalty Fee | 3% | 6% |
Advertising Fee | - | 3% |
Year Founded | 2006 | 2011 |
Year Franchised | 2013 | 0 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | No business experience required. General restaurant experience required. | Prospective franchisees must meet the minimum requirements listed below in order to be considered for a Hummus & Pita Co. franchise. * $1MM net worth * $500K liquid capital available for investment * Willing to develop a territory of at least 5 Units * Ready to begin territory development within the next 3 months |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | - |
Support | *Email Newsletter *Advisory Meetings *Grand opening *Internet *Security/safety procedures *Field operations/evaluations *Purchasing cooperatives *Management Support *Training | The Hummus & Pita Co. is committed to quality and consistency at every location and has developed systems which make duplicating the famous recipes and flavors easy for franchisees. We use best-in-class partners to guarantee product consistency and distribution to all restaurants. Additional support provided to franchisees includes: * Real Estate/Site Selection * Store Build-Out/Construction * Training Systems * Operational Support * Recipe and Menu Development * Marketing and Brand Building * Vendor and Equipment Selection * Point of Sale System * Pre-Opening/Grand Opening Support * Business Consulting |
Marketing | *Local Media *Ad Slicks *Internet Ad campaign-- Google - Yahoo Etc *Gorilla Marketing Campaign *Facebook *Dedicated Store Web-site *Local Networking *Marketing Training for Franchisee. | - |
Operations | *Number of employees- 20 - 25. *Owner/Operators Preferred . | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | Yes | - |
International Expansion | Yes | - |