Start-Up Costs and Fees |
||
| Port Of Subs | Newk's | |
| Investment | 214500 - 397100 | 971100 - 1207350 |
| Franchise Fee | ||
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 1% | 1.50% |
| Year Founded | 1972 | 2004 |
| Year Franchised | 1985 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Port Of Subs | Newk's | |
| 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 |
||
| Port Of Subs | Newk's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Port Of Subs | Newk's | |
| Training | Two people per restaurant are required to successfully complete the Port of Subs ’ training in a Certified Training Restaurant. One person will spend four weeks of training in the restaurant and at the Port of Subs Corporate Office in Reno, Nevada. The second person will spend two weeks of training in the restaurant. | 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 |
||
| Port Of Subs | Newk's | |
| US Expansion | Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Port Of Subs | |
| Newk's | |
| Franchise Fee | |
| Port Of Subs | |
| Newk's | |
| Royalty Fee | |
| Port Of Subs | 5.50% |
| Newk's | 5% |
| Advertising Fee | |
| Port Of Subs | 1% |
| Newk's | 1.50% |
| Year Founded | |
| Port Of Subs | 1972 |
| Newk's | 2004 |
| Year Franchised | |
| Port Of Subs | 1985 |
| Newk's | 2004 |
| Term Of Agreement | |
| Port Of Subs | 10 years |
| Newk's | |
| Renewal Fee | |
| Port Of Subs | |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| Port Of Subs | |
| 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 | |
| Port Of Subs | No |
| Newk's | No |
| Start-up Costs | |
| Port Of Subs | |
| Newk's | |
| Equipment | |
| Port Of Subs} | |
| Newk's | |
| Inventory | |
| Port Of Subs | |
| Newk's | |
| Receivables | |
| Port Of Subs | |
| Newk's | |
| Payroll | |
| Port Of Subs | |
| Newk's | |
Training & Support |
|
| Training | |
| Port Of Subs | Two people per restaurant are required to successfully complete the Port of Subs ’ training in a Certified Training Restaurant. One person will spend four weeks of training in the restaurant and at the Port of Subs Corporate Office in Reno, Nevada. The second person will spend two weeks of training in the restaurant. |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| Port Of Subs | |
| 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 | |
| Port Of Subs | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| Port Of Subs | |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| Port Of Subs | Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington, Wyoming |
| Newk's | |
| Canada Expansion | |
| Port Of Subs | 0 |
| Newk's | |
| International Expansion | |
| Port Of Subs | |
| Newk's | |