Start-Up Costs and Fees |
||
| Mrs. Powell's Bakery Eatery | Krispy Kreme | |
| Investment | 125000 - 160000 | 200500 - 4115000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 3% | 1.50% |
| Year Founded | 1984 | 1937 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mrs. Powell's Bakery Eatery | Krispy Kreme | |
| Experience | *Passionate about the Krispy Kreme brand and products *Proven track record of running a successful multi-unit restaurant business *Highly committed to providing great customer service *Financial resources to fund a multi-unit store development plan including a minimum $1 million in liquid assets and a minimum net worth of $2 million. | |
Financing Options |
||
| Mrs. Powell's Bakery Eatery | Krispy Kreme | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Mrs. Powell's Bakery Eatery | Krispy Kreme | |
| Training | 1. Head Office 1 Week 2. Franchised Store 1 Week 3. Own Store 1 Week | *Initial Production Training (three to four weeks) *Processing Standards (one to two weeks) *Shift Management Training (four to five weeks) *Equipment Maintenance (1 week) |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings: At Additional Cost | *New product innovation and unique occasion product offerings *Access to Krispy Kreme University " a six month, all-inclusive training for Operations Directors, General Managers and Assistant General Managers *Grand opening support *Ongoing restaurant franchise operations support for the term of the franchise agreement *In-store training for hourly staff *Real estate and site selection support *Conceptual drawings *Project management and construction support *Access to area development agreements *Ability to impact communities with a unique and robust fundraising program |
| Marketing | ||
| Operations | Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged | |
Expansion Plans |
||
| Mrs. Powell's Bakery Eatery | Krispy Kreme | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Franchise Fee | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Royalty Fee | |
| Mrs. Powell's Bakery Eatery | 5% |
| Krispy Kreme | 4.50% |
| Advertising Fee | |
| Mrs. Powell's Bakery Eatery | 3% |
| Krispy Kreme | 1.50% |
| Year Founded | |
| Mrs. Powell's Bakery Eatery | 1984 |
| Krispy Kreme | 1937 |
| Year Franchised | |
| Mrs. Powell's Bakery Eatery | 1986 |
| Krispy Kreme | 0 |
| Term Of Agreement | |
| Mrs. Powell's Bakery Eatery | 10 Years +10 |
| Krispy Kreme | |
| Renewal Fee | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
Business Experience Requirements |
|
| Experience | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | *Passionate about the Krispy Kreme brand and products *Proven track record of running a successful multi-unit restaurant business *Highly committed to providing great customer service *Financial resources to fund a multi-unit store development plan including a minimum $1 million in liquid assets and a minimum net worth of $2 million. |
Financing Options |
|
| Franchise Fees | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Start-up Costs | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Equipment | |
| Mrs. Powell's Bakery Eatery} | |
| Krispy Kreme | |
| Inventory | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Receivables | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Payroll | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
Training & Support |
|
| Training | |
| Mrs. Powell's Bakery Eatery | 1. Head Office 1 Week 2. Franchised Store 1 Week 3. Own Store 1 Week |
| Krispy Kreme | *Initial Production Training (three to four weeks) *Processing Standards (one to two weeks) *Shift Management Training (four to five weeks) *Equipment Maintenance (1 week) |
| Support | |
| Mrs. Powell's Bakery Eatery | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings: At Additional Cost |
| Krispy Kreme | *New product innovation and unique occasion product offerings *Access to Krispy Kreme University " a six month, all-inclusive training for Operations Directors, General Managers and Assistant General Managers *Grand opening support *Ongoing restaurant franchise operations support for the term of the franchise agreement *In-store training for hourly staff *Real estate and site selection support *Conceptual drawings *Project management and construction support *Access to area development agreements *Ability to impact communities with a unique and robust fundraising program |
| Marketing | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| Operations | |
| Mrs. Powell's Bakery Eatery | Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged |
| Krispy Kreme | |
Expansion Plans |
|
| US Expansion | |
| Mrs. Powell's Bakery Eatery | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Krispy Kreme | |
| Canada Expansion | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |
| International Expansion | |
| Mrs. Powell's Bakery Eatery | |
| Krispy Kreme | |