Start-Up Costs and Fees |
||
| My Friend's Place | Tacone | |
| Investment | 156650 - 260400 | 230000 - 459800 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1% | 1.5% + 1% |
| Year Founded | 1980 | 1996 |
| Year Franchised | 1980 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Friend's Place | Tacone | |
| Experience | ||
Financing Options |
||
| My Friend's Place | Tacone | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| My Friend's Place | Tacone | |
| 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, Regional advertising | |
| Operations | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed | Number of employees needed to run franchised unit: 5 - 7 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
||
| My Friend's Place | Tacone | |
| US Expansion | Alabama, Florida, Georgia, Indiana, South Carolina, Texas | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| My Friend's Place | |
| Tacone | |
| Franchise Fee | |
| My Friend's Place | |
| Tacone | |
| Royalty Fee | |
| My Friend's Place | 5% |
| Tacone | 6% |
| Advertising Fee | |
| My Friend's Place | 1% |
| Tacone | 1.5% + 1% |
| Year Founded | |
| My Friend's Place | 1980 |
| Tacone | 1996 |
| Year Franchised | |
| My Friend's Place | 1980 |
| Tacone | 2000 |
| Term Of Agreement | |
| My Friend's Place | |
| Tacone | 10 years |
| Renewal Fee | |
| My Friend's Place | |
| Tacone | $2.5K |
Business Experience Requirements |
|
| Experience | |
| My Friend's Place | |
| Tacone | |
Financing Options |
|
| Franchise Fees | |
| My Friend's Place | |
| Tacone | |
| Start-up Costs | |
| My Friend's Place | |
| Tacone | |
| Equipment | |
| My Friend's Place} | |
| Tacone | |
| Inventory | |
| My Friend's Place | |
| Tacone | |
| Receivables | |
| My Friend's Place | |
| Tacone | |
| Payroll | |
| My Friend's Place | |
| Tacone | |
Training & Support |
|
| Training | |
| My Friend's Place | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days |
| Tacone | |
| Support | |
| My Friend's Place | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| Tacone | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| My Friend's Place | |
| Tacone | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| My Friend's Place | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
| Tacone | Number of employees needed to run franchised unit: 5 - 7 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| My Friend's Place | Alabama, Florida, Georgia, Indiana, South Carolina, Texas |
| Tacone | |
| Canada Expansion | |
| My Friend's Place | |
| Tacone | |
| International Expansion | |
| My Friend's Place | |
| Tacone | |