Start-Up Costs and Fees |
||
| Joey Bag a Donuts | Newk's | |
| Investment | 207700 - 587800 | 971100 - 1207350 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1% | 1.50% |
| Year Founded | 2009 | 2004 |
| Year Franchised | 2012 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Joey Bag a Donuts | 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 |
||
| Joey Bag a Donuts | Newk's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Joey Bag a Donuts | Newk's | |
| Training | On-The-Job Training: up to 5 days Classroom Training: up to 10 days | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | 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 | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6 | Number of Employees Required to Run: 50 |
Expansion Plans |
||
| Joey Bag a Donuts | Newk's | |
| US Expansion | ||
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Joey Bag a Donuts | |
| Newk's | |
| Franchise Fee | |
| Joey Bag a Donuts | |
| Newk's | |
| Royalty Fee | |
| Joey Bag a Donuts | 5% |
| Newk's | 5% |
| Advertising Fee | |
| Joey Bag a Donuts | 1% |
| Newk's | 1.50% |
| Year Founded | |
| Joey Bag a Donuts | 2009 |
| Newk's | 2004 |
| Year Franchised | |
| Joey Bag a Donuts | 2012 |
| Newk's | 2004 |
| Term Of Agreement | |
| Joey Bag a Donuts | |
| Newk's | |
| Renewal Fee | |
| Joey Bag a Donuts | |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| Joey Bag a Donuts | |
| 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 | |
| Joey Bag a Donuts | |
| Newk's | |
| Start-up Costs | |
| Joey Bag a Donuts | |
| Newk's | |
| Equipment | |
| Joey Bag a Donuts} | |
| Newk's | |
| Inventory | |
| Joey Bag a Donuts | |
| Newk's | |
| Receivables | |
| Joey Bag a Donuts | |
| Newk's | |
| Payroll | |
| Joey Bag a Donuts | |
| Newk's | |
Training & Support |
|
| Training | |
| Joey Bag a Donuts | On-The-Job Training: up to 5 days Classroom Training: up to 10 days |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| Joey Bag a Donuts | Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| 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 | |
| Joey Bag a Donuts | Co-op Advertising Ad Templates |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| Joey Bag a Donuts | Absentee Ownership Allowed Number of Employees Required to Run: 4 - 6 |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| Joey Bag a Donuts | |
| Newk's | |
| Canada Expansion | |
| Joey Bag a Donuts | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Newk's | |
| International Expansion | |
| Joey Bag a Donuts | |
| Newk's | |