Vitality Bowls vs My Friend's Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Vitality Bowls vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Vitality Bowls My Friend's Place
Investment 170100 - 604000 156650 - 260400
Franchise Fee
Royalty Fee 6% 5%
Advertising Fee 1.50% 1%
Year Founded 2011 1980
Year Franchised 2014 1980
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Vitality Bowls My Friend's Place
Experience Franchisee Profile *Passionate about VITALITY BOWLS *Passionate about healthy food and a healthy lifestyle *Local market knowledge *Minimum $30-60K liquid assets per store and total of $200k+ (May include lending) *Single store and multi unit development opportunities available, depending on your market *Retail or restaurant operations experience is helpful

Financing Options
  Vitality Bowls My Friend's Place
 
Franchise Fees
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support
  Vitality Bowls My Friend's Place
Training VITALITY BOWLS operates training units in Walnut Creek, CA. We will do our best to schedule your training in an area that is convenient for you. Training will also take place at your location before and/or after you open. Our training program teaches you the day-to-day operation of your VITALITY BOWLS unit. VITALITY BOWLS requires that the franchisee, an operating partner, or a general manager, designated by the franchisee, attend our full-time, training program. This program will teach you how to fully operate your VITALITY BOWLS unit from the ground up. We will not let you open until we are satisfied we have provided you with sufficient training to be successful. 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Support After signing your franchise agreement, we are available for continuous, direct support. You can count on us for operational input and best practices information. In addition, we will visit you regularly to ensure you are maximizing the potential of your business and we are helping you in every way we can. On a continuing basis, we will drive the brand and support your efforts in marketing, real estate and development, supply chain, and IT. Should you have questions or need help with issues in these areas, you can call us. Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Marketing
Operations Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed

Expansion Plans
  Vitality Bowls My Friend's Place
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 Alabama, Florida, Georgia, Indiana, South Carolina, Texas
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Vitality Bowls
My Friend's Place
Franchise Fee
Vitality Bowls
My Friend's Place
Royalty Fee
Vitality Bowls 6%
My Friend's Place 5%
Advertising Fee
Vitality Bowls 1.50%
My Friend's Place 1%
Year Founded
Vitality Bowls 2011
My Friend's Place 1980
Year Franchised
Vitality Bowls 2014
My Friend's Place 1980
Term Of Agreement
Vitality Bowls 7 years
My Friend's Place
Renewal Fee
Vitality Bowls
My Friend's Place


Business Experience Requirements
Experience
Vitality Bowls Franchisee Profile *Passionate about VITALITY BOWLS *Passionate about healthy food and a healthy lifestyle *Local market knowledge *Minimum $30-60K liquid assets per store and total of $200k+ (May include lending) *Single store and multi unit development opportunities available, depending on your market *Retail or restaurant operations experience is helpful
My Friend's Place

Financing Options
 
Franchise Fees
Vitality Bowls
My Friend's Place
Start-up Costs
Vitality Bowls
My Friend's Place
Equipment
Vitality Bowls}
My Friend's Place
Inventory
Vitality Bowls
My Friend's Place
Receivables
Vitality Bowls
My Friend's Place
Payroll
Vitality Bowls
My Friend's Place

Training & Support
Training
Vitality Bowls VITALITY BOWLS operates training units in Walnut Creek, CA. We will do our best to schedule your training in an area that is convenient for you. Training will also take place at your location before and/or after you open. Our training program teaches you the day-to-day operation of your VITALITY BOWLS unit. VITALITY BOWLS requires that the franchisee, an operating partner, or a general manager, designated by the franchisee, attend our full-time, training program. This program will teach you how to fully operate your VITALITY BOWLS unit from the ground up. We will not let you open until we are satisfied we have provided you with sufficient training to be successful.
My Friend's Place 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Support
Vitality Bowls After signing your franchise agreement, we are available for continuous, direct support. You can count on us for operational input and best practices information. In addition, we will visit you regularly to ensure you are maximizing the potential of your business and we are helping you in every way we can. On a continuing basis, we will drive the brand and support your efforts in marketing, real estate and development, supply chain, and IT. Should you have questions or need help with issues in these areas, you can call us.
My Friend's Place Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Marketing
Vitality Bowls
My Friend's Place
Operations
Vitality Bowls
My Friend's Place Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed

Expansion Plans
US Expansion
Vitality Bowls 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
My Friend's Place Alabama, Florida, Georgia, Indiana, South Carolina, Texas
Canada Expansion
Vitality Bowls
My Friend's Place
International Expansion
Vitality Bowls
My Friend's Place