Start-Up Costs and Fees |
||
| Cora's | Waffy's | |
| Investment | 550000 - 900000 | 116680 - 310000 |
| Franchise Fee | ||
| Royalty Fee | 5% of net | 6% |
| Advertising Fee | 2% National Fund; 1% Local Fund | 2% |
| Year Founded | 1987 | 0 |
| Year Franchised | 1994 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cora's | Waffy's | |
| Experience | ||
Financing Options |
||
| Cora's | Waffy's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Cora's | Waffy's | |
| Training | We provide franchisees with 5 weeks of theoretical and practical training. | Using a combination of classroom and on-the-job instruction, you'll be trained in all aspects of the Waffy's franchise: business operations, administrative procedures, customer service, food preparation techniques, sales, and more. As you prepare to open your store, an experienced trainer will be on hand to help you get off to a good start. |
| Support | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. | Operations Manual. Every aspect of the Waffy's franchise is laid out for you in this comprehensive guidebook. In addition to serving as a valuable reference tool, you'll use this manual to help train your managers. Site Selection. You'll receive guidelines for choosing an appropriate location for your Waffy's franchise. Comprehensive Web-based support system. Waffy's offers a high level of support services through its password protected franchise Web portal system which provides: Online training videos and "how-to" tutorials Online ordering from suppliers Management tools (forms, break-even analysis spreadsheets) Calendar for critical dates reminder Communication board (with Waffy's team & among franchisees) Ongoing Service and Support. As a valued member of our franchise family, you will receive continuing support and guidance. We're available by phone or email to address any questions or concerns and a Waffy's field representative will periodically visit your store. |
| Marketing | We'll share our expertise with you in promoting the Waffy's concept, which includes providing you with marketing and advertising materials and strategies. | |
| Operations | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. | |
Expansion Plans |
||
| Cora's | Waffy's | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cora's | |
| Waffy's | |
| Franchise Fee | |
| Cora's | |
| Waffy's | |
| Royalty Fee | |
| Cora's | 5% of net |
| Waffy's | 6% |
| Advertising Fee | |
| Cora's | 2% National Fund; 1% Local Fund |
| Waffy's | 2% |
| Year Founded | |
| Cora's | 1987 |
| Waffy's | 0 |
| Year Franchised | |
| Cora's | 1994 |
| Waffy's | 0 |
| Term Of Agreement | |
| Cora's | |
| Waffy's | |
| Renewal Fee | |
| Cora's | |
| Waffy's | |
Business Experience Requirements |
|
| Experience | |
| Cora's | |
| Waffy's | |
Financing Options |
|
| Franchise Fees | |
| Cora's | |
| Waffy's | |
| Start-up Costs | |
| Cora's | |
| Waffy's | |
| Equipment | |
| Cora's} | |
| Waffy's | |
| Inventory | |
| Cora's | |
| Waffy's | |
| Receivables | |
| Cora's | |
| Waffy's | |
| Payroll | |
| Cora's | |
| Waffy's | |
Training & Support |
|
| Training | |
| Cora's | We provide franchisees with 5 weeks of theoretical and practical training. |
| Waffy's | Using a combination of classroom and on-the-job instruction, you'll be trained in all aspects of the Waffy's franchise: business operations, administrative procedures, customer service, food preparation techniques, sales, and more. As you prepare to open your store, an experienced trainer will be on hand to help you get off to a good start. |
| Support | |
| Cora's | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. |
| Waffy's | Operations Manual. Every aspect of the Waffy's franchise is laid out for you in this comprehensive guidebook. In addition to serving as a valuable reference tool, you'll use this manual to help train your managers. Site Selection. You'll receive guidelines for choosing an appropriate location for your Waffy's franchise. Comprehensive Web-based support system. Waffy's offers a high level of support services through its password protected franchise Web portal system which provides: Online training videos and "how-to" tutorials Online ordering from suppliers Management tools (forms, break-even analysis spreadsheets) Calendar for critical dates reminder Communication board (with Waffy's team & among franchisees) Ongoing Service and Support. As a valued member of our franchise family, you will receive continuing support and guidance. We're available by phone or email to address any questions or concerns and a Waffy's field representative will periodically visit your store. |
| Marketing | |
| Cora's | |
| Waffy's | We'll share our expertise with you in promoting the Waffy's concept, which includes providing you with marketing and advertising materials and strategies. |
| Operations | |
| Cora's | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. |
| Waffy's | |
Expansion Plans |
|
| US Expansion | |
| Cora's | |
| Waffy's | |
| Canada Expansion | |
| Cora's | 0 |
| Waffy's | |
| International Expansion | |
| Cora's | |
| Waffy's | |