Start-Up Costs and Fees |
||
| Newk's | East Coast Subs | |
| Investment | 971100 - 1207350 | 99000 - 175000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1.50% | 4% |
| Year Founded | 2004 | 1991 |
| Year Franchised | 2004 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Newk's | East Coast Subs | |
| 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 |
||
| Newk's | East Coast Subs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Newk's | East Coast Subs | |
| Training | On-The-Job Training: 276 hours Classroom Training: 74 hours | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. |
| 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 | East Coast 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 | |
| Newk's | |
| East Coast Subs | |
| Franchise Fee | |
| Newk's | |
| East Coast Subs | |
| Royalty Fee | |
| Newk's | 5% |
| East Coast Subs | 6% |
| Advertising Fee | |
| Newk's | 1.50% |
| East Coast Subs | 4% |
| Year Founded | |
| Newk's | 2004 |
| East Coast Subs | 1991 |
| Year Franchised | |
| Newk's | 2004 |
| East Coast Subs | 2008 |
| Term Of Agreement | |
| Newk's | |
| East Coast Subs | 10 years |
| Renewal Fee | |
| Newk's | none |
| East Coast Subs | 20% of current franchise fee |
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). |
| East Coast Subs | |
Financing Options |
|
| Franchise Fees | |
| Newk's | |
| East Coast Subs | |
| Start-up Costs | |
| Newk's | |
| East Coast Subs | |
| Equipment | |
| Newk's} | |
| East Coast Subs | |
| Inventory | |
| Newk's | |
| East Coast Subs | |
| Receivables | |
| Newk's | |
| East Coast Subs | |
| Payroll | |
| Newk's | |
| East Coast Subs | |
Training & Support |
|
| Training | |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| East Coast Subs | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. |
| 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 |
| East Coast Subs | |
| Marketing | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| East Coast Subs | |
| Operations | |
| Newk's | Number of Employees Required to Run: 50 |
| East Coast Subs | |
Expansion Plans |
|
| US Expansion | |
| Newk's | |
| East Coast 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 |
| Canada Expansion | |
| Newk's | |
| East Coast Subs | |
| International Expansion | |
| Newk's | |
| East Coast Subs | |