Start-Up Costs and Fees |
||
| Newk's | Mr. Pickle's Sandwich Shop | |
| Investment | 971100 - 1207350 | 151500 - 342500 |
| Franchise Fee | ||
| Royalty Fee | 5% | $250+/wk |
| Advertising Fee | 1.50% | Up to 2% Monthly |
| Year Founded | 2004 | 1996 |
| Year Franchised | 2004 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Newk's | Mr. Pickle's Sandwich Shop | |
| 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). | Restaurant experience is always helpful but, if you have experience running another type of business including working with employees and customers, managing cash and generating financial statements, we have a complete training program and manuals as well as field operational staff that can help you learn this business as well as provide ongoing support for you. SBA funding may require some restaurant experience, please consult your SBA lender. Up to $400,000 minimum liquid assets Restaurant and/or Management experience 680+ credit score No bankruptcies, liens or Judgements |
Financing Options |
||
| Newk's | Mr. Pickle's Sandwich Shop | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Newk's | Mr. Pickle's Sandwich Shop | |
| 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 | Mr. Pickle's Sandwich Shop | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Franchise Fee | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Royalty Fee | |
| Newk's | 5% |
| Mr. Pickle's Sandwich Shop | $250+/wk |
| Advertising Fee | |
| Newk's | 1.50% |
| Mr. Pickle's Sandwich Shop | Up to 2% Monthly |
| Year Founded | |
| Newk's | 2004 |
| Mr. Pickle's Sandwich Shop | 1996 |
| Year Franchised | |
| Newk's | 2004 |
| Mr. Pickle's Sandwich Shop | 2006 |
| Term Of Agreement | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | 10 years |
| Renewal Fee | |
| Newk's | none |
| Mr. Pickle's Sandwich Shop | |
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). |
| Mr. Pickle's Sandwich Shop | Restaurant experience is always helpful but, if you have experience running another type of business including working with employees and customers, managing cash and generating financial statements, we have a complete training program and manuals as well as field operational staff that can help you learn this business as well as provide ongoing support for you. SBA funding may require some restaurant experience, please consult your SBA lender. Up to $400,000 minimum liquid assets Restaurant and/or Management experience 680+ credit score No bankruptcies, liens or Judgements |
Financing Options |
|
| Franchise Fees | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Start-up Costs | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Equipment | |
| Newk's} | |
| Mr. Pickle's Sandwich Shop | |
| Inventory | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Receivables | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Payroll | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
Training & Support |
|
| Training | |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Mr. Pickle's Sandwich Shop | |
| 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 |
| Mr. Pickle's Sandwich Shop | |
| Marketing | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Mr. Pickle's Sandwich Shop | |
| Operations | |
| Newk's | Number of Employees Required to Run: 50 |
| Mr. Pickle's Sandwich Shop | |
Expansion Plans |
|
| US Expansion | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |
| Canada Expansion | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | 0 |
| International Expansion | |
| Newk's | |
| Mr. Pickle's Sandwich Shop | |