Penny Thomas is planning to open Marble Slab Creamery’s 37th franchisee in southern Ontario. Marble Slab is known for its fresh daily ice cream, imported high-quality toppings/mixins, and the final blending procedure that is done on a marble granite slab. Her main goal includes achieving fiscal year end revenue of $400000, maximizing product awareness and ensuring a loyal consumer base. The market for ice cream remains strong despite the economy collapsing into a recession. Ice cream is viewed
Words: 508 - Pages: 3
1 APPLYING FOR: ( ) BAKESHOP ( ) FULL STORE ( ) OTHERS GOLDILOCKS BAKESHOP, INC. FRANCHISE APPLICATION FORM MOST RECENT 1 ½” X 1 ½” COLOR PHOTO PERSONAL INFORMATION In order for Goldilocks to commence processing your franchise application, you must complete the following questionnaire in its entirety and have each investor/partner fill out separate application Name (in full) (Surname) Residential Address (in full) (First Name) (Middle Name) Years of stay__________ Age Do you ( ) own
Words: 1776 - Pages: 8
Question 1 | | High | Low | Total | Assumptions / Calculations | Regular Sales | | 372 000.00 | 198 000.00 | $570 000.00 | ($62K/mth x 6mth)($33K/mth x 6mth) | CoGS | | 256 680.00 | 136 620.00 | $393 300.00 | | GM | | 115 320.00 | 61 380.00 | $176 700.00 | | New Gummies Sales | | 37 536.00 | 12 597.00 | $ 50 133.00 | (24/day x $8.50) x 184 days(13/day x $8.50) x 114 days | CoGS (Gummies) | | 22 146.24 | 7 432.23 | $ 29 578.47 | 59% of Sales | GM (Gummies)
Words: 2107 - Pages: 9
strategic issues and analyze strategic alternatives. These also provide recommendations as to courses of actions the brothers should adopt to reach their goal, and proposed implementation plan. CURRENT SITUATION Stakeholders Preferences: * Go franchising (Paul) * Enhance vegetarian menu (Sam) * Preserve quality and control (Sam) * Realize $1.1M net income by 2015 (both Paul and Sam) *Avoid using line of credit (both Paul and Sam) Constraints: * Cash * One supplier of all store
Words: 1059 - Pages: 5
Additional Questions : 1.) What are the risk and benefits for franchising Christine Taylornfor franchises? 2.) How does it change overtime 1. How do you know if the price is right? 2. Compare at least 3 products : Answers: 1.) BENEFITS OF FRANCHISEE ARE : * Advertising campaign * Ongoing training * Ongoing support * Full training in all aspects of the business * Guaranteed Income * Stationary * Centralized booking office * Monthly
Words: 323 - Pages: 2
Assignment 1: Thought It Was Safer John R. Johnson Professor: Dr. Eva Smith HTM 550 – Chain Management and Franchising October 27, 2012 Fred’s capability and capacity to be a franchisee When looking at the mind set of Fred I really don’t think he truly set down with his family and accounted the price of being a franchisee. He should have knowledgeable family members discussed the idea of buying a franchise and the cost of such a huge decision on his and wife personal life. Fred thought
Words: 1289 - Pages: 6
Franchises & Business Plans What is a franchise? Using examples from the real world, explain three advantages to the franchiser and to the franchisee. A franchise is where a business with a well-known brand name (the franchisor) lets a person (the franchisee) or a group of people set up their own business using that brand. This is in exchange for an initial fee and continuing royalty payments (a certain percentage of turnover or profit) for as long as the franchise lasts. A franchise is not
Words: 1590 - Pages: 7
UVA-C-2206 WENDY’S CHILI: A COSTING CONUNDRUM What happens to a successful company when it loses its founder, senior chairman, advertising icon, and beloved leader? That was the question being asked about Wendy’s International, Inc., in January 2002 after Dave Thomas, 69, passed away from cancer. In the words of Jack Schuessler, the company’s chairman and CEO, “Dave was our patriarch. He was the heart and soul of our company.” Without him, the company would never be the same. However, Dave
Words: 4194 - Pages: 17
when he stumbled upon Chatime and decided to take up the master franchise for Malaysia. After more than three years, and with 110 Chatime outlets in Malaysia now, Loo admits that he initially did not want to grow the brand in the country through franchising. He is not a big believer in the franchise model, preferring to own all the Chatime Malaysia outlets if he could. But out of necessity, he had to compromise. Loo’s father had given him RM500,000 to kick-start the business. That amount could
Words: 922 - Pages: 4
Restaurants. Today,dynamic individuals interested and willing to invest in the long-standing tradition of quality which Max's Restaurant offers can invest inMax's. It opened its doors to franchising in the second quarter of 1998. This is an opportunity to join the thriving food service industry in the Philippines. Franchising Support and Service Max's values close family ties and the Filipino concept of "samahan" (sense of belongingness).Thus we treat each and every business partner as a family member
Words: 1494 - Pages: 6
