Locos Grill & Pub vs My Friend's Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Locos Grill & Pub vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Locos Grill & Pub My Friend's Place
Investment 575400 - 1960000 156650 - 260400
Franchise Fee 0
Royalty Fee 4% 5%
Advertising Fee 1%
Year Founded 1988 1980
Year Franchised 1997 1980
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Locos Grill & Pub My Friend's Place
Experience Customer service skills

Financing Options
  Locos Grill & Pub My Friend's Place
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Locos Grill & Pub My Friend's Place
Training 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Marketing Co-op advertising, Ad slicks, National media, Regional advertising
Operations 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed

Expansion Plans
  Locos Grill & Pub My Friend's Place
US Expansion Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, Alabama, Florida, Georgia, Indiana, South Carolina, Texas
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Locos Grill & Pub
My Friend's Place
Franchise Fee
Locos Grill & Pub
My Friend's Place
Royalty Fee
Locos Grill & Pub 4%
My Friend's Place 5%
Advertising Fee
Locos Grill & Pub
My Friend's Place 1%
Year Founded
Locos Grill & Pub 1988
My Friend's Place 1980
Year Franchised
Locos Grill & Pub 1997
My Friend's Place 1980
Term Of Agreement
Locos Grill & Pub 10 years
My Friend's Place
Renewal Fee
Locos Grill & Pub
My Friend's Place


Business Experience Requirements
Experience
Locos Grill & Pub Customer service skills
My Friend's Place

Financing Options
 
Franchise Fees
Locos Grill & Pub No
My Friend's Place No
Start-up Costs
Locos Grill & Pub
My Friend's Place
Equipment
Locos Grill & Pub}
My Friend's Place
Inventory
Locos Grill & Pub
My Friend's Place
Receivables
Locos Grill & Pub
My Friend's Place
Payroll
Locos Grill & Pub
My Friend's Place

Training & Support
Training
Locos Grill & Pub
My Friend's Place 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Support
Locos Grill & Pub Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
My Friend's Place Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Marketing
Locos Grill & Pub Co-op advertising, Ad slicks, National media, Regional advertising
My Friend's Place
Operations
Locos Grill & Pub 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
My Friend's Place Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed

Expansion Plans
US Expansion
Locos Grill & Pub Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee,
My Friend's Place Alabama, Florida, Georgia, Indiana, South Carolina, Texas
Canada Expansion
Locos Grill & Pub
My Friend's Place
International Expansion
Locos Grill & Pub
My Friend's Place