Start-Up Costs and Fees |
||
| Mr. Hero | Planet Sub | |
| Investment | 113000 - 305000 | 182000 - 402000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 1 - 3% | |
| Year Founded | 1965 | 1979 |
| Year Franchised | 1970 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mr. Hero | Planet Sub | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Mr. Hero | Planet Sub | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mr. Hero | Planet Sub | |
| Training | Comprehensive 30 day training program | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Mr. Hero | Planet Sub | |
| 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 | |
| Mr. Hero | |
| Planet Sub | |
| Franchise Fee | |
| Mr. Hero | |
| Planet Sub | |
| Royalty Fee | |
| Mr. Hero | 5.50% |
| Planet Sub | 5% |
| Advertising Fee | |
| Mr. Hero | |
| Planet Sub | 1 - 3% |
| Year Founded | |
| Mr. Hero | 1965 |
| Planet Sub | 1979 |
| Year Franchised | |
| Mr. Hero | 1970 |
| Planet Sub | 0 |
| Term Of Agreement | |
| Mr. Hero | 10 years |
| Planet Sub | |
| Renewal Fee | |
| Mr. Hero | |
| Planet Sub | |
Business Experience Requirements |
|
| Experience | |
| Mr. Hero | Industry experience General business experience Marketing skills |
| Planet Sub | |
Financing Options |
|
| Franchise Fees | |
| Mr. Hero | No |
| Planet Sub | No |
| Start-up Costs | |
| Mr. Hero | |
| Planet Sub | |
| Equipment | |
| Mr. Hero} | |
| Planet Sub | |
| Inventory | |
| Mr. Hero | |
| Planet Sub | |
| Receivables | |
| Mr. Hero | |
| Planet Sub | |
| Payroll | |
| Mr. Hero | |
| Planet Sub | |
Training & Support |
|
| Training | |
| Mr. Hero | |
| Planet Sub | Comprehensive 30 day training program |
| Support | |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Planet Sub | |
| Marketing | |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| Planet Sub | |
| Operations | |
| Mr. Hero | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
| Planet Sub | |
Expansion Plans |
|
| US Expansion | |
| Mr. Hero | |
| Planet Sub | 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 | |
| Mr. Hero | |
| Planet Sub | |
| International Expansion | |
| Mr. Hero | |
| Planet Sub | |