Start-Up Costs and Fees |
||
| Gigi's Cupcakes | Krispy Kreme | |
| Investment | 226700 - 425500 | 200500 - 4115000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 2.50% | 1.50% |
| Year Founded | 2007 | 1937 |
| Year Franchised | 2008 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gigi's Cupcakes | Krispy Kreme | |
| Experience | You will need prior experience in running a business, preferably retail. Passion - We want you to be excited and enthusiastic about owning a cupcake shop. Involvement - You are expected be involved in your business on a daily basis, because we find greater success with owners that are actively involved in the operation of their shop. This business requires real commitment, attention to detail, and hard work. | *Passionate about the Krispy Kreme brand and products *Proven track record of running a successful multi-unit restaurant business *Highly committed to providing great customer service *Financial resources to fund a multi-unit store development plan including a minimum $1 million in liquid assets and a minimum net worth of $2 million. |
Financing Options |
||
| Gigi's Cupcakes | Krispy Kreme | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Gigi's Cupcakes | Krispy Kreme | |
| Training | On-The-Job Training: 91 hours Classroom Training: 52 hours | *Initial Production Training (three to four weeks) *Processing Standards (one to two weeks) *Shift Management Training (four to five weeks) *Equipment Maintenance (1 week) |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | *New product innovation and unique occasion product offerings *Access to Krispy Kreme University " a six month, all-inclusive training for Operations Directors, General Managers and Assistant General Managers *Grand opening support *Ongoing restaurant franchise operations support for the term of the franchise agreement *In-store training for hourly staff *Real estate and site selection support *Conceptual drawings *Project management and construction support *Access to area development agreements *Ability to impact communities with a unique and robust fundraising program |
| Marketing | Ad Templates National Media Social media SEO Email marketing Loyalty program/app | |
| Operations | ||
Expansion Plans |
||
| Gigi's Cupcakes | Krispy Kreme | |
| US Expansion | 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 | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| Franchise Fee | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| Royalty Fee | |
| Gigi's Cupcakes | 5% |
| Krispy Kreme | 4.50% |
| Advertising Fee | |
| Gigi's Cupcakes | 2.50% |
| Krispy Kreme | 1.50% |
| Year Founded | |
| Gigi's Cupcakes | 2007 |
| Krispy Kreme | 1937 |
| Year Franchised | |
| Gigi's Cupcakes | 2008 |
| Krispy Kreme | 0 |
| Term Of Agreement | |
| Gigi's Cupcakes | 10 years |
| Krispy Kreme | |
| Renewal Fee | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
Business Experience Requirements |
|
| Experience | |
| Gigi's Cupcakes | You will need prior experience in running a business, preferably retail. Passion - We want you to be excited and enthusiastic about owning a cupcake shop. Involvement - You are expected be involved in your business on a daily basis, because we find greater success with owners that are actively involved in the operation of their shop. This business requires real commitment, attention to detail, and hard work. |
| Krispy Kreme | *Passionate about the Krispy Kreme brand and products *Proven track record of running a successful multi-unit restaurant business *Highly committed to providing great customer service *Financial resources to fund a multi-unit store development plan including a minimum $1 million in liquid assets and a minimum net worth of $2 million. |
Financing Options |
|
| Franchise Fees | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| Start-up Costs | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| Equipment | |
| Gigi's Cupcakes} | |
| Krispy Kreme | |
| Inventory | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| Receivables | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| Payroll | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
Training & Support |
|
| Training | |
| Gigi's Cupcakes | On-The-Job Training: 91 hours Classroom Training: 52 hours |
| Krispy Kreme | *Initial Production Training (three to four weeks) *Processing Standards (one to two weeks) *Shift Management Training (four to five weeks) *Equipment Maintenance (1 week) |
| Support | |
| Gigi's Cupcakes | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Krispy Kreme | *New product innovation and unique occasion product offerings *Access to Krispy Kreme University " a six month, all-inclusive training for Operations Directors, General Managers and Assistant General Managers *Grand opening support *Ongoing restaurant franchise operations support for the term of the franchise agreement *In-store training for hourly staff *Real estate and site selection support *Conceptual drawings *Project management and construction support *Access to area development agreements *Ability to impact communities with a unique and robust fundraising program |
| Marketing | |
| Gigi's Cupcakes | Ad Templates National Media Social media SEO Email marketing Loyalty program/app |
| Krispy Kreme | |
| Operations | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
Expansion Plans |
|
| US Expansion | |
| Gigi's Cupcakes | 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 |
| Krispy Kreme | |
| Canada Expansion | |
| Gigi's Cupcakes | |
| Krispy Kreme | |
| International Expansion | |
| Gigi's Cupcakes | |
| Krispy Kreme | |