Start-Up Costs and Fees |
||
| Petro's Chili & Chips | Mr. Hero | |
| Investment | 75000 - 324950 | 113000 - 305000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5.50% |
| Advertising Fee | 4% local+1% Nat'l | |
| Year Founded | 0 | 1965 |
| Year Franchised | 0 | 1970 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Petro's Chili & Chips | Mr. Hero | |
| Experience | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. | Industry experience General business experience Marketing skills |
Financing Options |
||
| Petro's Chili & Chips | Mr. Hero | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Petro's Chili & Chips | Mr. Hero | |
| Training | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Petro's Chili & Chips | Mr. Hero | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Franchise Fee | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Royalty Fee | |
| Petro's Chili & Chips | 5% |
| Mr. Hero | 5.50% |
| Advertising Fee | |
| Petro's Chili & Chips | 4% local+1% Nat'l |
| Mr. Hero | |
| Year Founded | |
| Petro's Chili & Chips | 0 |
| Mr. Hero | 1965 |
| Year Franchised | |
| Petro's Chili & Chips | 0 |
| Mr. Hero | 1970 |
| Term Of Agreement | |
| Petro's Chili & Chips | |
| Mr. Hero | 10 years |
| Renewal Fee | |
| Petro's Chili & Chips | |
| Mr. Hero | |
Business Experience Requirements |
|
| Experience | |
| Petro's Chili & Chips | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. |
| Mr. Hero | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Start-up Costs | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Equipment | |
| Petro's Chili & Chips} | |
| Mr. Hero | |
| Inventory | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Receivables | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Payroll | |
| Petro's Chili & Chips | |
| Mr. Hero | |
Training & Support |
|
| Training | |
| Petro's Chili & Chips | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. |
| Mr. Hero | |
| Support | |
| Petro's Chili & Chips | |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Petro's Chili & Chips | |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Petro's Chili & Chips | |
| Mr. Hero | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| Canada Expansion | |
| Petro's Chili & Chips | |
| Mr. Hero | |
| International Expansion | |
| Petro's Chili & Chips | |
| Mr. Hero | |