Start-Up Costs and Fees |
||
| Cheba Hut Toasted Subs | Big Mike's Subs | |
| Investment | 575900 - 939700 | 0 - 0 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1998 | 0 |
| Year Franchised | 2002 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cheba Hut Toasted Subs | Big Mike's Subs | |
| Experience | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. | |
Financing Options |
||
| Cheba Hut Toasted Subs | Big Mike's Subs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Cheba Hut Toasted Subs | Big Mike's Subs | |
| Training | On-The-Job Training: 84 hours Classroom Training: 84 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad Templates Social media SEO Website development | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 | |
Expansion Plans |
||
| Cheba Hut Toasted Subs | Big Mike's Subs | |
| 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 | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Franchise Fee | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Royalty Fee | |
| Cheba Hut Toasted Subs | 6% |
| Big Mike's Subs | |
| Advertising Fee | |
| Cheba Hut Toasted Subs | 2% |
| Big Mike's Subs | |
| Year Founded | |
| Cheba Hut Toasted Subs | 1998 |
| Big Mike's Subs | 0 |
| Year Franchised | |
| Cheba Hut Toasted Subs | 2002 |
| Big Mike's Subs | 0 |
| Term Of Agreement | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Renewal Fee | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
Business Experience Requirements |
|
| Experience | |
| Cheba Hut Toasted Subs | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. |
| Big Mike's Subs | |
Financing Options |
|
| Franchise Fees | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Start-up Costs | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Equipment | |
| Cheba Hut Toasted Subs} | |
| Big Mike's Subs | |
| Inventory | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Receivables | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| Payroll | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
Training & Support |
|
| Training | |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Big Mike's Subs | |
| Support | |
| Cheba Hut Toasted Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Big Mike's Subs | |
| Marketing | |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Big Mike's Subs | |
| Operations | |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
| Big Mike's Subs | |
Expansion Plans |
|
| US Expansion | |
| Cheba Hut Toasted Subs | 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 |
| Big Mike's Subs | |
| Canada Expansion | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |
| International Expansion | |
| Cheba Hut Toasted Subs | |
| Big Mike's Subs | |