Start-Up Costs and Fees |
||
| Tubby's Sub Shops | Cheba Hut Toasted Subs | |
| Investment | 112900 - 293500 | 575900 - 939700 |
| Franchise Fee | 0 | |
| Royalty Fee | 4%-6% | 6% |
| Advertising Fee | 4% | 2% |
| Year Founded | 1968 | 1998 |
| Year Franchised | 1978 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Tubby's Sub Shops | 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 |
||
| Tubby's Sub Shops | Cheba Hut Toasted Subs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Tubby's Sub Shops | Cheba Hut Toasted Subs | |
| Training | On-The-Job Training: 92 hours Classroom Training: 28 hours Additional Training: Company store | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Field Operations Site Selection | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | National Media Social media | Ad Templates Social media SEO Website development |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
| Tubby's Sub Shops | Cheba Hut Toasted Subs | |
| US Expansion | Florida, Michigan, Ohio | 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 | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
| Franchise Fee | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
| Royalty Fee | |
| Tubby's Sub Shops | 4%-6% |
| Cheba Hut Toasted Subs | 6% |
| Advertising Fee | |
| Tubby's Sub Shops | 4% |
| Cheba Hut Toasted Subs | 2% |
| Year Founded | |
| Tubby's Sub Shops | 1968 |
| Cheba Hut Toasted Subs | 1998 |
| Year Franchised | |
| Tubby's Sub Shops | 1978 |
| Cheba Hut Toasted Subs | 2002 |
| Term Of Agreement | |
| Tubby's Sub Shops | 10 years |
| Cheba Hut Toasted Subs | |
| Renewal Fee | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
Business Experience Requirements |
|
| Experience | |
| Tubby's Sub Shops | |
| 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 | |
| Tubby's Sub Shops | No |
| Cheba Hut Toasted Subs | No |
| Start-up Costs | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
| Equipment | |
| Tubby's Sub Shops} | |
| Cheba Hut Toasted Subs | |
| Inventory | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
| Receivables | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
| Payroll | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
Training & Support |
|
| Training | |
| Tubby's Sub Shops | On-The-Job Training: 92 hours Classroom Training: 28 hours Additional Training: Company store |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | |
| Tubby's Sub Shops | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Field Operations Site Selection |
| 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 | |
| Tubby's Sub Shops | National Media Social media |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Operations | |
| Tubby's Sub Shops | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
|
| US Expansion | |
| Tubby's Sub Shops | Florida, Michigan, Ohio |
| 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 | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |
| International Expansion | |
| Tubby's Sub Shops | |
| Cheba Hut Toasted Subs | |