Start-Up Costs and Fees |
||
| Locos Grill & Pub | Cheba Hut Toasted Subs | |
| Investment | 575400 - 1960000 | 575900 - 939700 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1988 | 1998 |
| Year Franchised | 1997 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Locos Grill & Pub | Cheba Hut Toasted Subs | |
| Experience | Customer service 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 |
||
| Locos Grill & Pub | Cheba Hut Toasted Subs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Locos Grill & Pub | Cheba Hut Toasted Subs | |
| Training | On-The-Job Training: 84 hours Classroom Training: 84 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 slicks, National media, Regional advertising | Ad Templates Social media SEO Website development |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
| Locos Grill & Pub | Cheba Hut Toasted Subs | |
| US Expansion | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, | 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 | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
| Franchise Fee | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
| Royalty Fee | |
| Locos Grill & Pub | 4% |
| Cheba Hut Toasted Subs | 6% |
| Advertising Fee | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | 2% |
| Year Founded | |
| Locos Grill & Pub | 1988 |
| Cheba Hut Toasted Subs | 1998 |
| Year Franchised | |
| Locos Grill & Pub | 1997 |
| Cheba Hut Toasted Subs | 2002 |
| Term Of Agreement | |
| Locos Grill & Pub | 10 years |
| Cheba Hut Toasted Subs | |
| Renewal Fee | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
Business Experience Requirements |
|
| Experience | |
| Locos Grill & Pub | Customer service 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 | |
| Locos Grill & Pub | No |
| Cheba Hut Toasted Subs | No |
| Start-up Costs | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
| Equipment | |
| Locos Grill & Pub} | |
| Cheba Hut Toasted Subs | |
| Inventory | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
| Receivables | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
| Payroll | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
Training & Support |
|
| Training | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | |
| Locos Grill & Pub | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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 | |
| Locos Grill & Pub | Co-op advertising, Ad slicks, National media, Regional advertising |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Operations | |
| Locos Grill & Pub | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
|
| US Expansion | |
| Locos Grill & Pub | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, |
| 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 | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |
| International Expansion | |
| Locos Grill & Pub | |
| Cheba Hut Toasted Subs | |