Start-Up Costs and Fees |
||
| Sandwich Tree Restaurants | Larry's Giant Subs | |
| Investment | 90000 - 120000 | 136800 - 201900 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | |
| Year Founded | 1978 | 1982 |
| Year Franchised | 1979 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Sandwich Tree Restaurants | Larry's Giant Subs | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Sandwich Tree Restaurants | Larry's Giant Subs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Sandwich Tree Restaurants | Larry's Giant Subs | |
| Training | Headquarters 2 Weeks | |
| Support | Central Data Processing: At Additional Cost Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Average Number of Employees: 4 Full-time, 7 Part-time Passive Ownership: Allowed, But Discouraged | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
Expansion Plans |
||
| Sandwich Tree Restaurants | Larry's Giant Subs | |
| US Expansion | ||
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Franchise Fee | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Royalty Fee | |
| Sandwich Tree Restaurants | 5% |
| Larry's Giant Subs | 6% |
| Advertising Fee | |
| Sandwich Tree Restaurants | 3% |
| Larry's Giant Subs | |
| Year Founded | |
| Sandwich Tree Restaurants | 1978 |
| Larry's Giant Subs | 1982 |
| Year Franchised | |
| Sandwich Tree Restaurants | 1979 |
| Larry's Giant Subs | 1986 |
| Term Of Agreement | |
| Sandwich Tree Restaurants | 5 years +5 |
| Larry's Giant Subs | 10 years |
| Renewal Fee | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | $1K |
Business Experience Requirements |
|
| Experience | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Start-up Costs | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Equipment | |
| Sandwich Tree Restaurants} | |
| Larry's Giant Subs | |
| Inventory | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Receivables | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Payroll | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
Training & Support |
|
| Training | |
| Sandwich Tree Restaurants | Headquarters 2 Weeks |
| Larry's Giant Subs | |
| Support | |
| Sandwich Tree Restaurants | Central Data Processing: At Additional Cost Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| Larry's Giant Subs | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Sandwich Tree Restaurants | Average Number of Employees: 4 Full-time, 7 Part-time Passive Ownership: Allowed, But Discouraged |
| Larry's Giant Subs | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |
| Canada Expansion | |
| Sandwich Tree Restaurants | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Larry's Giant Subs | |
| International Expansion | |
| Sandwich Tree Restaurants | |
| Larry's Giant Subs | |