Start-Up Costs and Fees |
||
| Goodcents Deli Fresh Subs | Cheba Hut Toasted Subs | |
| Investment | 211432 - 431843 | 575900 - 939700 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3.50% | 2% |
| Year Founded | 1988 | 1998 |
| Year Franchised | 1990 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Goodcents Deli Fresh Subs | Cheba Hut Toasted Subs | |
| Experience | Industry experience General business experience Marketing skills | 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 |
||
| Goodcents Deli Fresh Subs | Cheba Hut Toasted Subs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Goodcents Deli Fresh Subs | Cheba Hut Toasted Subs | |
| Training | On-The-Job Training: 120 hours Classroom Training: 40 hours | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line rand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad Templates Social media SEO Website development |
| Operations | Franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
| Goodcents Deli Fresh Subs | Cheba Hut Toasted 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 | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| Franchise Fee | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| Royalty Fee | |
| Goodcents Deli Fresh Subs | 6% |
| Cheba Hut Toasted Subs | 6% |
| Advertising Fee | |
| Goodcents Deli Fresh Subs | 3.50% |
| Cheba Hut Toasted Subs | 2% |
| Year Founded | |
| Goodcents Deli Fresh Subs | 1988 |
| Cheba Hut Toasted Subs | 1998 |
| Year Franchised | |
| Goodcents Deli Fresh Subs | 1990 |
| Cheba Hut Toasted Subs | 2002 |
| Term Of Agreement | |
| Goodcents Deli Fresh Subs | 10 years |
| Cheba Hut Toasted Subs | |
| Renewal Fee | |
| Goodcents Deli Fresh Subs | 60% of current fee |
| Cheba Hut Toasted Subs | |
Business Experience Requirements |
|
| Experience | |
| Goodcents Deli Fresh Subs | Industry experience General business experience Marketing skills |
| 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. |
Financing Options |
|
| Franchise Fees | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| Start-up Costs | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| Equipment | |
| Goodcents Deli Fresh Subs} | |
| Cheba Hut Toasted Subs | |
| Inventory | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| Receivables | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| Payroll | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
Training & Support |
|
| Training | |
| Goodcents Deli Fresh Subs | On-The-Job Training: 120 hours Classroom Training: 40 hours |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | |
| Goodcents Deli Fresh Subs | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line rand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Cheba Hut Toasted Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Goodcents Deli Fresh Subs | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Operations | |
| Goodcents Deli Fresh Subs | Franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
|
| US Expansion | |
| Goodcents Deli Fresh Subs | |
| 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 |
| Canada Expansion | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |
| International Expansion | |
| Goodcents Deli Fresh Subs | |
| Cheba Hut Toasted Subs | |