Mr. Hero Franchise
Specialty sandwiches/fast food
ABC INC
ABC-CO - NASDAQ
+0.25 (+0.20%)
It's time to give yourself permission to build your days around what's important to you! You're in Control!
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How much does it cost to open a Mr. Hero Franchise ?
The investment required to open a Mr. Hero Franchise is between $113,000 - $305,000 . There is an initial franchise fee of $18,000 which grants you the license to run a business under the Mr. Hero name.
Individual Franchise Costs
- Initial Investment:
$113,000 - - Initial Franchise Fee:
$18,000 - Royalty Fee:
5.50% - Term of Agreement:
10 years
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | Yes |
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
Mr. Hero Growth History
When did the first Mr. Hero open? 1965When did Mr. Hero start Franchising ? 1970
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 109 | 0 | 0 | 8 |
| 2004 | 102 | 0 | 0 | 9 |
| 2003 | 98 | 0 | 0 | 11 |
| 2002 | 103 | 0 | 0 | 12 |
| 2001 | 98 | 0 | 0 | 14 |
Your income potential as a Mr. Hero Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your oper_ation costs and increasing the quality of your products and or services. Each month your oper_ating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the ext, you _may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Latest News
Mr. Hero Part Of The Nationwide Hurricane Relief Effort
2005-09-22
Ambitious? Then Our 1/3 Lb. Angus Burgers Are For You!
2005-04-04
Pepsi Billionaire Campaign A Success For Mr. Hero, Comes To Close
2003-08-15
Mr. Hero Express Restaurants, Arabica Express Coffeehouse Systems, Debut In Illinois
2002-12-19
Popular Cleveland Based Sub & Sandwich Shop Mr. Hero Opens In Miamisburg
2002-12-09
Restaurant Developers Corporation Joins Veterans Franchise Program To Promote Small Business Ownership
2002-11-08
Mr. Hero Restaurants Announces Quarter-million Dollar Multimedia Campaign For Signature Sandwich
2002-10-14
Popular National Sandwich Concept Mr. Hero Adds Fourth Location In Charlotte Market
2002-09-26
New Mr. Hero Ribeye Sandwich In Stores For Fourth Quarter Sales Push
2001-10-20
Rdc/mr.hero Announces Co-branding Partnership With Freshens Quality Brands
2001-10-11
Rdc/mr. Hero Annual Golf Outing Nets $10,147 For Ucp
2001-08-10 View All
Legal Disclaimer: This information is not a franchise offering for Mr. Hero and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Mr. Hero franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.