Start-Up Costs and Fees |
||
| the streat | Newk's | |
| Investment | 160000 - 260000 | 971100 - 1207350 |
| Franchise Fee | ||
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 1.50% |
| Year Founded | 1999 | 2004 |
| Year Franchised | 1999 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| the streat | 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 |
||
| the streat | Newk's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| the streat | Newk's | |
| Training | It's no secret that the main building block of the streat's success has been its commitment to investment in training, which is virtually unique in this sector. This passion for excellence has resulted in the streat being the only franchise ever to win the prestigious UK National Training Award. The business has always been underpinned by quality training which facilitates an effective transfer of knowledge, skills and expertise in a franchise relationship. | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | 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 | Number of Employees Required to Run: 50 | |
Expansion Plans |
||
| the streat | Newk's | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| the streat | |
| Newk's | |
| Franchise Fee | |
| the streat | |
| Newk's | |
| Royalty Fee | |
| the streat | 6% |
| Newk's | 5% |
| Advertising Fee | |
| the streat | 2% |
| Newk's | 1.50% |
| Year Founded | |
| the streat | 1999 |
| Newk's | 2004 |
| Year Franchised | |
| the streat | 1999 |
| Newk's | 2004 |
| Term Of Agreement | |
| the streat | |
| Newk's | |
| Renewal Fee | |
| the streat | |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| the streat | |
| 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 | |
| the streat | |
| Newk's | |
| Start-up Costs | |
| the streat | |
| Newk's | |
| Equipment | |
| the streat} | |
| Newk's | |
| Inventory | |
| the streat | |
| Newk's | |
| Receivables | |
| the streat | |
| Newk's | |
| Payroll | |
| the streat | |
| Newk's | |
Training & Support |
|
| Training | |
| the streat | It's no secret that the main building block of the streat's success has been its commitment to investment in training, which is virtually unique in this sector. This passion for excellence has resulted in the streat being the only franchise ever to win the prestigious UK National Training Award. The business has always been underpinned by quality training which facilitates an effective transfer of knowledge, skills and expertise in a franchise relationship. |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| the streat | |
| 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 | |
| the streat | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| the streat | |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| the streat | |
| Newk's | |
| Canada Expansion | |
| the streat | |
| Newk's | |
| International Expansion | |
| the streat | |
| Newk's | |