New York Burrito-Gourmet Wraps vs Newk's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of New York Burrito-Gourmet Wraps vs Newk's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  New York Burrito-Gourmet Wraps Newk's
Investment 85000 - 150000 971100 - 1207350
Franchise Fee 0
Royalty Fee 7% 5%
Advertising Fee 1.50%
Year Founded 1995 2004
Year Franchised 1996 2004
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  New York Burrito-Gourmet Wraps Newk's
Experience General business experience Marketing skills 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
  New York Burrito-Gourmet Wraps Newk's
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  New York Burrito-Gourmet Wraps Newk's
Training On-The-Job Training: 276 hours Classroom Training: 74 hours
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives 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 slicks, Regional advertising Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) Number of Employees Required to Run: 50

Expansion Plans
  New York Burrito-Gourmet Wraps Newk's
US Expansion Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Canada Expansion
International Expansion Australia,New Zealand, Canada, Central America, Middle East, South America, Western Europe,

Start-Up Costs and Fees Mobile
Investment
New York Burrito-Gourmet Wraps
Newk's
Franchise Fee
New York Burrito-Gourmet Wraps
Newk's
Royalty Fee
New York Burrito-Gourmet Wraps 7%
Newk's 5%
Advertising Fee
New York Burrito-Gourmet Wraps
Newk's 1.50%
Year Founded
New York Burrito-Gourmet Wraps 1995
Newk's 2004
Year Franchised
New York Burrito-Gourmet Wraps 1996
Newk's 2004
Term Of Agreement
New York Burrito-Gourmet Wraps 10 years
Newk's
Renewal Fee
New York Burrito-Gourmet Wraps $1K
Newk's none


Business Experience Requirements
Experience
New York Burrito-Gourmet Wraps General business experience Marketing skills
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
New York Burrito-Gourmet Wraps No
Newk's No
Start-up Costs
New York Burrito-Gourmet Wraps
Newk's
Equipment
New York Burrito-Gourmet Wraps}
Newk's
Inventory
New York Burrito-Gourmet Wraps
Newk's
Receivables
New York Burrito-Gourmet Wraps
Newk's
Payroll
New York Burrito-Gourmet Wraps
Newk's

Training & Support
Training
New York Burrito-Gourmet Wraps
Newk's On-The-Job Training: 276 hours Classroom Training: 74 hours
Support
New York Burrito-Gourmet Wraps Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
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
New York Burrito-Gourmet Wraps Co-op advertising, Ad slicks, Regional advertising
Newk's Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations
New York Burrito-Gourmet Wraps International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)
Newk's Number of Employees Required to Run: 50

Expansion Plans
US Expansion
New York Burrito-Gourmet Wraps Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Newk's
Canada Expansion
New York Burrito-Gourmet Wraps
Newk's
International Expansion
New York Burrito-Gourmet Wraps Australia,New Zealand, Canada, Central America, Middle East, South America, Western Europe,
Newk's