Start-Up Costs and Fees |
||
| My Friend's Place | Newk's | |
| Investment | 156650 - 260400 | 971100 - 1207350 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1% | 1.50% |
| Year Founded | 1980 | 2004 |
| Year Franchised | 1980 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Friend's Place | 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 |
||
| My Friend's Place | Newk's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| My Friend's Place | Newk's | |
| Training | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost | 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 | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed | Number of Employees Required to Run: 50 |
Expansion Plans |
||
| My Friend's Place | Newk's | |
| US Expansion | Alabama, Florida, Georgia, Indiana, South Carolina, Texas | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| My Friend's Place | |
| Newk's | |
| Franchise Fee | |
| My Friend's Place | |
| Newk's | |
| Royalty Fee | |
| My Friend's Place | 5% |
| Newk's | 5% |
| Advertising Fee | |
| My Friend's Place | 1% |
| Newk's | 1.50% |
| Year Founded | |
| My Friend's Place | 1980 |
| Newk's | 2004 |
| Year Franchised | |
| My Friend's Place | 1980 |
| Newk's | 2004 |
| Term Of Agreement | |
| My Friend's Place | |
| Newk's | |
| Renewal Fee | |
| My Friend's Place | |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| My Friend's Place | |
| 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 | |
| My Friend's Place | |
| Newk's | |
| Start-up Costs | |
| My Friend's Place | |
| Newk's | |
| Equipment | |
| My Friend's Place} | |
| Newk's | |
| Inventory | |
| My Friend's Place | |
| Newk's | |
| Receivables | |
| My Friend's Place | |
| Newk's | |
| Payroll | |
| My Friend's Place | |
| Newk's | |
Training & Support |
|
| Training | |
| My Friend's Place | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| My Friend's Place | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| 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 | |
| My Friend's Place | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| My Friend's Place | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| My Friend's Place | Alabama, Florida, Georgia, Indiana, South Carolina, Texas |
| Newk's | |
| Canada Expansion | |
| My Friend's Place | |
| Newk's | |
| International Expansion | |
| My Friend's Place | |
| Newk's | |