Start-Up Costs and Fees |
||
| Submarina | Cheba Hut Toasted Subs | |
| Investment | 161818 - 334118 | 575900 - 939700 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1998 |
| Year Franchised | 0 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Submarina | 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 |
||
| Submarina | Cheba Hut Toasted Subs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Submarina | Cheba Hut Toasted Subs | |
| Training | On-The-Job Training: 84 hours Classroom Training: 84 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Professionally designed advertising materials are provided to franchisees. Various types of print advertisements and in-store displays enhance the image and exposure of your restaurant. You will learn the most cost-effective ways of bringing in new customers and how to keep them coming back. We will help you implement a comprehensive Grand Opening promotional plan to start your restaurant in the right direction. Marketing allowances, or rebates, which manufacturers pay to Submarina are contributed to the Marketing and Promotional Fund and used for further promotion of all Submarina restaurants. | Ad Templates Social media SEO Website development |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 | |
Expansion Plans |
||
| Submarina | Cheba Hut Toasted Subs | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Franchise Fee | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Royalty Fee | |
| Submarina | |
| Cheba Hut Toasted Subs | 6% |
| Advertising Fee | |
| Submarina | |
| Cheba Hut Toasted Subs | 2% |
| Year Founded | |
| Submarina | 0 |
| Cheba Hut Toasted Subs | 1998 |
| Year Franchised | |
| Submarina | 0 |
| Cheba Hut Toasted Subs | 2002 |
| Term Of Agreement | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Renewal Fee | |
| Submarina | |
| Cheba Hut Toasted Subs | |
Business Experience Requirements |
|
| Experience | |
| Submarina | |
| 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 | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Start-up Costs | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Equipment | |
| Submarina} | |
| Cheba Hut Toasted Subs | |
| Inventory | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Receivables | |
| Submarina | |
| Cheba Hut Toasted Subs | |
| Payroll | |
| Submarina | |
| Cheba Hut Toasted Subs | |
Training & Support |
|
| Training | |
| Submarina | |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | |
| Submarina | |
| 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 | |
| Submarina | Professionally designed advertising materials are provided to franchisees. Various types of print advertisements and in-store displays enhance the image and exposure of your restaurant. You will learn the most cost-effective ways of bringing in new customers and how to keep them coming back. We will help you implement a comprehensive Grand Opening promotional plan to start your restaurant in the right direction. Marketing allowances, or rebates, which manufacturers pay to Submarina are contributed to the Marketing and Promotional Fund and used for further promotion of all Submarina restaurants. |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Operations | |
| Submarina | |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
|
| US Expansion | |
| Submarina | |
| 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 | |
| Submarina | 0 |
| Cheba Hut Toasted Subs | |
| International Expansion | |
| Submarina | |
| Cheba Hut Toasted Subs | |