Start-Up Costs and Fees |
||
| Steam Brothers | Hoodz | |
| Investment | 22000 - 53500 | 137000000000 - 228827 |
| Franchise Fee | 0 | |
| Royalty Fee | 5-6.5% | 10% |
| Advertising Fee | ||
| Year Founded | 1977 | 2008 |
| Year Franchised | 1984 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Steam Brothers | Hoodz | |
| Experience | Net worth requirement: $100,000 Cash liquidity requirement: $10,000 - $30,000 | |
Financing Options |
||
| Steam Brothers | Hoodz | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Steam Brothers | Hoodz | |
| Training | Available at headquarters: One week Technical/ Business Administration | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Annual meetings Advanced level training |
| Marketing | Ad slicks | National advertising and public relations |
| Operations | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | * Franchise can be run from home * 13% of all franchisees own more than one unit * Number of employees needed to run franchised unit: Two * Absentee ownership of franchise is allowed |
Expansion Plans |
||
| Steam Brothers | Hoodz | |
| US Expansion | Mid West, | 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 | |
| Steam Brothers | |
| Hoodz | |
| Franchise Fee | |
| Steam Brothers | |
| Hoodz | |
| Royalty Fee | |
| Steam Brothers | 5-6.5% |
| Hoodz | 10% |
| Advertising Fee | |
| Steam Brothers | |
| Hoodz | |
| Year Founded | |
| Steam Brothers | 1977 |
| Hoodz | 2008 |
| Year Franchised | |
| Steam Brothers | 1984 |
| Hoodz | 2009 |
| Term Of Agreement | |
| Steam Brothers | 10 years |
| Hoodz | |
| Renewal Fee | |
| Steam Brothers | $1K |
| Hoodz | |
Business Experience Requirements |
|
| Experience | |
| Steam Brothers | |
| Hoodz | Net worth requirement: $100,000 Cash liquidity requirement: $10,000 - $30,000 |
Financing Options |
|
| Franchise Fees | |
| Steam Brothers | No |
| Hoodz | No |
| Start-up Costs | |
| Steam Brothers | |
| Hoodz | |
| Equipment | |
| Steam Brothers} | |
| Hoodz | |
| Inventory | |
| Steam Brothers | |
| Hoodz | |
| Receivables | |
| Steam Brothers | |
| Hoodz | |
| Payroll | |
| Steam Brothers | |
| Hoodz | |
Training & Support |
|
| Training | |
| Steam Brothers | |
| Hoodz | Available at headquarters: One week Technical/ Business Administration |
| Support | |
| Steam Brothers | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Hoodz | Annual meetings Advanced level training |
| Marketing | |
| Steam Brothers | Ad slicks |
| Hoodz | National advertising and public relations |
| Operations | |
| Steam Brothers | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Hoodz | * Franchise can be run from home * 13% of all franchisees own more than one unit * Number of employees needed to run franchised unit: Two * Absentee ownership of franchise is allowed |
Expansion Plans |
|
| US Expansion | |
| Steam Brothers | Mid West, |
| Hoodz | 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 | |
| Steam Brothers | |
| Hoodz | |
| International Expansion | |
| Steam Brothers | |
| Hoodz | |