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

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

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


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

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

Training & Support
  My Friend's Place Locos Grill & Pub
Training 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Support Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op advertising, Ad slicks, National media, Regional advertising
Operations Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed 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)

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

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


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

Financing Options
 
Franchise Fees
My Friend's Place
Locos Grill & Pub
Start-up Costs
My Friend's Place
Locos Grill & Pub
Equipment
My Friend's Place}
Locos Grill & Pub
Inventory
My Friend's Place
Locos Grill & Pub
Receivables
My Friend's Place
Locos Grill & Pub
Payroll
My Friend's Place
Locos Grill & Pub

Training & Support
Training
My Friend's Place 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Locos Grill & Pub
Support
My Friend's Place Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Locos Grill & Pub Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
My Friend's Place
Locos Grill & Pub Co-op advertising, Ad slicks, National media, Regional advertising
Operations
My Friend's Place Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed
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)

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