Start-Up Costs and Fees |
||
| Burger King | Liquid Planet | |
| Investment | 333100 - 3398600 | 158250 - 302000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 5% |
| Advertising Fee | 4% | 1%Nat'l + 1%Local |
| Year Founded | 1954 | 0 |
| Year Franchised | 1961 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Burger King | Liquid Planet | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Burger King | Liquid Planet | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Burger King | Liquid Planet | |
| Training | Before the opening of the Restaurant, franchisees must successfully complete the franchisor's training program. The training program is held in Miami, Florida or other locations specified by the franchisor. In-Restaurant Training will be held in various Restaurant locations that have been authorized as Training Restaurants. The franchisor may require additional training programs for individual Owner/Operators or Managing Directors to implement current operations, standards, and procedures and to facilitate the growth and changes of the franchisee. The franchisor also makes available and sometimes requires periodic workshops and seminars for managers, which include management courses and updating of operational skills. The franchisor will provide Pre-opening and Restaurant opening assistance as it deems appropriate. The franchisor also provides continuing operations training programs, which franchisees (as an Operating Partner, Managing Director, Director of Operations, or Managing Owner, as applicable) may be required to attend. For certain training courses, franchisees must pay a course or materials fee to the franchisor or third parties. The franchisor may make changes and revisions to the training program, locations or materials at any time. | |
| Support | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | Owner-operated or absentee owner | |
Expansion Plans |
||
| Burger King | Liquid Planet | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Burger King | |
| Liquid Planet | |
| Franchise Fee | |
| Burger King | |
| Liquid Planet | |
| Royalty Fee | |
| Burger King | 4.50% |
| Liquid Planet | 5% |
| Advertising Fee | |
| Burger King | 4% |
| Liquid Planet | 1%Nat'l + 1%Local |
| Year Founded | |
| Burger King | 1954 |
| Liquid Planet | 0 |
| Year Franchised | |
| Burger King | 1961 |
| Liquid Planet | 2010 |
| Term Of Agreement | |
| Burger King | 20 years |
| Liquid Planet | |
| Renewal Fee | |
| Burger King | $50K |
| Liquid Planet | |
Business Experience Requirements |
|
| Experience | |
| Burger King | Industry experience General business experience Marketing skills |
| Liquid Planet | |
Financing Options |
|
| Franchise Fees | |
| Burger King | No |
| Liquid Planet | No |
| Start-up Costs | |
| Burger King | |
| Liquid Planet | |
| Equipment | |
| Burger King} | |
| Liquid Planet | |
| Inventory | |
| Burger King | |
| Liquid Planet | |
| Receivables | |
| Burger King | |
| Liquid Planet | |
| Payroll | |
| Burger King | |
| Liquid Planet | |
Training & Support |
|
| Training | |
| Burger King | Before the opening of the Restaurant, franchisees must successfully complete the franchisor's training program. The training program is held in Miami, Florida or other locations specified by the franchisor. In-Restaurant Training will be held in various Restaurant locations that have been authorized as Training Restaurants. The franchisor may require additional training programs for individual Owner/Operators or Managing Directors to implement current operations, standards, and procedures and to facilitate the growth and changes of the franchisee. The franchisor also makes available and sometimes requires periodic workshops and seminars for managers, which include management courses and updating of operational skills. The franchisor will provide Pre-opening and Restaurant opening assistance as it deems appropriate. The franchisor also provides continuing operations training programs, which franchisees (as an Operating Partner, Managing Director, Director of Operations, or Managing Owner, as applicable) may be required to attend. For certain training courses, franchisees must pay a course or materials fee to the franchisor or third parties. The franchisor may make changes and revisions to the training program, locations or materials at any time. |
| Liquid Planet | |
| Support | |
| Burger King | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations |
| Liquid Planet | |
| Marketing | |
| Burger King | Co-op advertising, National media, Regional advertising |
| Liquid Planet | |
| Operations | |
| Burger King | |
| Liquid Planet | Owner-operated or absentee owner |
Expansion Plans |
|
| US Expansion | |
| Burger King | |
| Liquid Planet | |
| Canada Expansion | |
| Burger King | |
| Liquid Planet | |
| International Expansion | |
| Burger King | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
| Liquid Planet | |