Start-Up Costs and Fees |
||
| Cheba Hut Toasted Subs | Larry's Giant Subs | |
| Investment | 575900 - 939700 | 136800 - 201900 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1998 | 1982 |
| Year Franchised | 2002 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cheba Hut Toasted Subs | Larry's Giant 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. | Industry experience General business experience |
Financing Options |
||
| Cheba Hut Toasted Subs | Larry's Giant Subs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cheba Hut Toasted Subs | Larry's Giant 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad Templates Social media SEO Website development | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 | 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 |
||
| Cheba Hut Toasted Subs | Larry's Giant 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| Franchise Fee | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| Royalty Fee | |
| Cheba Hut Toasted Subs | 6% |
| Larry's Giant Subs | 6% |
| Advertising Fee | |
| Cheba Hut Toasted Subs | 2% |
| Larry's Giant Subs | |
| Year Founded | |
| Cheba Hut Toasted Subs | 1998 |
| Larry's Giant Subs | 1982 |
| Year Franchised | |
| Cheba Hut Toasted Subs | 2002 |
| Larry's Giant Subs | 1986 |
| Term Of Agreement | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | 10 years |
| Renewal Fee | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | $1K |
Business Experience Requirements |
|
| Experience | |
| 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. |
| Larry's Giant Subs | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| Start-up Costs | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| Equipment | |
| Cheba Hut Toasted Subs} | |
| Larry's Giant Subs | |
| Inventory | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| Receivables | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| Payroll | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
Training & Support |
|
| Training | |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Larry's Giant Subs | |
| Support | |
| Cheba Hut Toasted Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Larry's Giant Subs | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Larry's Giant Subs | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
| 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 | |
| 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 |
| Larry's Giant Subs | |
| Canada Expansion | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |
| International Expansion | |
| Cheba Hut Toasted Subs | |
| Larry's Giant Subs | |