My Friend's Place vs Cheba Hut Toasted Subs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Friend's Place vs Cheba Hut Toasted Subs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  My Friend's Place Cheba Hut Toasted Subs
Investment 156650 - 260400 575900 - 939700
Franchise Fee
Royalty Fee 5% 6%
Advertising Fee 1% 2%
Year Founded 1980 1998
Year Franchised 1980 2002
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  My Friend's Place Cheba Hut Toasted Subs
Experience 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
  My Friend's Place Cheba Hut Toasted Subs
 
Franchise Fees
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support
  My Friend's Place Cheba Hut Toasted Subs
Training 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days On-The-Job Training: 84 hours Classroom Training: 84 hours
Support Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Ad Templates Social media SEO Website development
Operations Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

Expansion Plans
  My Friend's Place Cheba Hut Toasted Subs
US Expansion Alabama, Florida, Georgia, Indiana, South Carolina, Texas 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
My Friend's Place
Cheba Hut Toasted Subs
Franchise Fee
My Friend's Place
Cheba Hut Toasted Subs
Royalty Fee
My Friend's Place 5%
Cheba Hut Toasted Subs 6%
Advertising Fee
My Friend's Place 1%
Cheba Hut Toasted Subs 2%
Year Founded
My Friend's Place 1980
Cheba Hut Toasted Subs 1998
Year Franchised
My Friend's Place 1980
Cheba Hut Toasted Subs 2002
Term Of Agreement
My Friend's Place
Cheba Hut Toasted Subs
Renewal Fee
My Friend's Place
Cheba Hut Toasted Subs


Business Experience Requirements
Experience
My Friend's Place
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
My Friend's Place
Cheba Hut Toasted Subs
Start-up Costs
My Friend's Place
Cheba Hut Toasted Subs
Equipment
My Friend's Place}
Cheba Hut Toasted Subs
Inventory
My Friend's Place
Cheba Hut Toasted Subs
Receivables
My Friend's Place
Cheba Hut Toasted Subs
Payroll
My Friend's Place
Cheba Hut Toasted Subs

Training & Support
Training
My Friend's Place 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Cheba Hut Toasted Subs On-The-Job Training: 84 hours Classroom Training: 84 hours
Support
My Friend's Place Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
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
My Friend's Place
Cheba Hut Toasted Subs Ad Templates Social media SEO Website development
Operations
My Friend's Place Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed
Cheba Hut Toasted Subs Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

Expansion Plans
US Expansion
My Friend's Place Alabama, Florida, Georgia, Indiana, South Carolina, Texas
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
My Friend's Place
Cheba Hut Toasted Subs
International Expansion
My Friend's Place
Cheba Hut Toasted Subs