Original SoupMan, The vs Newk's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Original SoupMan, The vs Newk's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Original SoupMan, The Newk's
Investment 79500 - 198500 971100 - 1207350
Franchise Fee
Royalty Fee 5% 5%
Advertising Fee 1.50%
Year Founded 1984 2004
Year Franchised 2005 2004
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Original SoupMan, The Newk's
Experience Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets).

Financing Options
  Original SoupMan, The Newk's
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Original SoupMan, The Newk's
Training On-The-Job Training: 276 hours Classroom Training: 74 hours
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations Number of Employees Required to Run: 50

Expansion Plans
  Original SoupMan, The Newk's
US Expansion
Canada Expansion 0
International Expansion

Start-Up Costs and Fees Mobile
Investment
Original SoupMan, The
Newk's
Franchise Fee
Original SoupMan, The
Newk's
Royalty Fee
Original SoupMan, The 5%
Newk's 5%
Advertising Fee
Original SoupMan, The
Newk's 1.50%
Year Founded
Original SoupMan, The 1984
Newk's 2004
Year Franchised
Original SoupMan, The 2005
Newk's 2004
Term Of Agreement
Original SoupMan, The
Newk's
Renewal Fee
Original SoupMan, The
Newk's none


Business Experience Requirements
Experience
Original SoupMan, The
Newk's Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets).

Financing Options
 
Franchise Fees
Original SoupMan, The No
Newk's No
Start-up Costs
Original SoupMan, The
Newk's
Equipment
Original SoupMan, The}
Newk's
Inventory
Original SoupMan, The
Newk's
Receivables
Original SoupMan, The
Newk's
Payroll
Original SoupMan, The
Newk's

Training & Support
Training
Original SoupMan, The
Newk's On-The-Job Training: 276 hours Classroom Training: 74 hours
Support
Original SoupMan, The
Newk's Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
Original SoupMan, The
Newk's Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations
Original SoupMan, The
Newk's Number of Employees Required to Run: 50

Expansion Plans
US Expansion
Original SoupMan, The
Newk's
Canada Expansion
Original SoupMan, The 0
Newk's
International Expansion
Original SoupMan, The
Newk's