Newk's vs The Carving Board Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Newk's vs The Carving Board including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Newk's The Carving Board
Investment 971100 - 1207350 314500 - 621500
Franchise Fee
Royalty Fee 5%
Advertising Fee 1.50%
Year Founded 2004 2012
Year Franchised 2004 2016
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Newk's The Carving Board
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). A great franchise candidate for The Carving Board is not necessarily just someone who has food experience, although that could be a plus. The company is looking for people who are driven, willing to commit to the brand and want to be part of something bigger. Franchisees need the necessary capital to open a location, the willingness to learn and the ability to follow a proven system.

Financing Options
  Newk's The Carving Board
 
Franchise Fees
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support
  Newk's The Carving Board
Training On-The-Job Training: 276 hours Classroom Training: 74 hours
Support 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 Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations Number of Employees Required to Run: 50

Expansion Plans
  Newk's The Carving Board
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
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Newk's
The Carving Board
Franchise Fee
Newk's
The Carving Board
Royalty Fee
Newk's 5%
The Carving Board
Advertising Fee
Newk's 1.50%
The Carving Board
Year Founded
Newk's 2004
The Carving Board 2012
Year Franchised
Newk's 2004
The Carving Board 2016
Term Of Agreement
Newk's
The Carving Board
Renewal Fee
Newk's none
The Carving Board


Business Experience Requirements
Experience
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).
The Carving Board A great franchise candidate for The Carving Board is not necessarily just someone who has food experience, although that could be a plus. The company is looking for people who are driven, willing to commit to the brand and want to be part of something bigger. Franchisees need the necessary capital to open a location, the willingness to learn and the ability to follow a proven system.

Financing Options
 
Franchise Fees
Newk's
The Carving Board
Start-up Costs
Newk's
The Carving Board
Equipment
Newk's}
The Carving Board
Inventory
Newk's
The Carving Board
Receivables
Newk's
The Carving Board
Payroll
Newk's
The Carving Board

Training & Support
Training
Newk's On-The-Job Training: 276 hours Classroom Training: 74 hours
The Carving Board
Support
Newk's Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
The Carving Board
Marketing
Newk's Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
The Carving Board
Operations
Newk's Number of Employees Required to Run: 50
The Carving Board

Expansion Plans
US Expansion
Newk's
The Carving Board 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
Canada Expansion
Newk's
The Carving Board
International Expansion
Newk's
The Carving Board