Start-Up Costs and Fees |
||
| Larry's Giant Subs | Newk's | |
| Investment | 136800 - 201900 | 971100 - 1207350 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 1.50% | |
| Year Founded | 1982 | 2004 |
| Year Franchised | 1986 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Larry's Giant Subs | Newk's | |
| Experience | Industry experience General business 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). |
Financing Options |
||
| Larry's Giant Subs | Newk's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Larry's Giant Subs | Newk's | |
| Training | On-The-Job Training: 276 hours Classroom Training: 74 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | 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 slicks, Regional advertising | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | Number of Employees Required to Run: 50 |
Expansion Plans |
||
| Larry's Giant Subs | Newk's | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Larry's Giant Subs | |
| Newk's | |
| Franchise Fee | |
| Larry's Giant Subs | |
| Newk's | |
| Royalty Fee | |
| Larry's Giant Subs | 6% |
| Newk's | 5% |
| Advertising Fee | |
| Larry's Giant Subs | |
| Newk's | 1.50% |
| Year Founded | |
| Larry's Giant Subs | 1982 |
| Newk's | 2004 |
| Year Franchised | |
| Larry's Giant Subs | 1986 |
| Newk's | 2004 |
| Term Of Agreement | |
| Larry's Giant Subs | 10 years |
| Newk's | |
| Renewal Fee | |
| Larry's Giant Subs | $1K |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| Larry's Giant Subs | Industry experience General business 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). |
Financing Options |
|
| Franchise Fees | |
| Larry's Giant Subs | No |
| Newk's | No |
| Start-up Costs | |
| Larry's Giant Subs | |
| Newk's | |
| Equipment | |
| Larry's Giant Subs} | |
| Newk's | |
| Inventory | |
| Larry's Giant Subs | |
| Newk's | |
| Receivables | |
| Larry's Giant Subs | |
| Newk's | |
| Payroll | |
| Larry's Giant Subs | |
| Newk's | |
Training & Support |
|
| Training | |
| Larry's Giant Subs | |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| Larry's Giant Subs | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives |
| Newk's | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Larry's Giant Subs | Co-op advertising, Ad slicks, Regional advertising |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| Larry's Giant Subs | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| Larry's Giant Subs | |
| Newk's | |
| Canada Expansion | |
| Larry's Giant Subs | |
| Newk's | |
| International Expansion | |
| Larry's Giant Subs | |
| Newk's | |