Cheba Hut Toasted Subs vs My Friend's Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cheba Hut Toasted Subs vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Cheba Hut Toasted Subs My Friend's Place
Investment 575900 - 939700 156650 - 260400
Franchise Fee
Royalty Fee 6% 5%
Advertising Fee 2% 1%
Year Founded 1998 1980
Year Franchised 2002 1980
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Cheba Hut Toasted Subs My Friend's Place
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
  Cheba Hut Toasted Subs My Friend's Place
 
Franchise Fees
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support
  Cheba Hut Toasted Subs My Friend's Place
Training On-The-Job Training: 84 hours Classroom Training: 84 hours 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Marketing Ad Templates Social media SEO Website development
Operations Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed

Expansion Plans
  Cheba Hut Toasted Subs My Friend's Place
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 Alabama, Florida, Georgia, Indiana, South Carolina, Texas
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Cheba Hut Toasted Subs
My Friend's Place
Franchise Fee
Cheba Hut Toasted Subs
My Friend's Place
Royalty Fee
Cheba Hut Toasted Subs 6%
My Friend's Place 5%
Advertising Fee
Cheba Hut Toasted Subs 2%
My Friend's Place 1%
Year Founded
Cheba Hut Toasted Subs 1998
My Friend's Place 1980
Year Franchised
Cheba Hut Toasted Subs 2002
My Friend's Place 1980
Term Of Agreement
Cheba Hut Toasted Subs
My Friend's Place
Renewal Fee
Cheba Hut Toasted Subs
My Friend's Place


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.
My Friend's Place

Financing Options
 
Franchise Fees
Cheba Hut Toasted Subs
My Friend's Place
Start-up Costs
Cheba Hut Toasted Subs
My Friend's Place
Equipment
Cheba Hut Toasted Subs}
My Friend's Place
Inventory
Cheba Hut Toasted Subs
My Friend's Place
Receivables
Cheba Hut Toasted Subs
My Friend's Place
Payroll
Cheba Hut Toasted Subs
My Friend's Place

Training & Support
Training
Cheba Hut Toasted Subs On-The-Job Training: 84 hours Classroom Training: 84 hours
My Friend's Place 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days
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
My Friend's Place Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost
Marketing
Cheba Hut Toasted Subs Ad Templates Social media SEO Website development
My Friend's Place
Operations
Cheba Hut Toasted Subs Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20
My Friend's Place Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed

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
My Friend's Place Alabama, Florida, Georgia, Indiana, South Carolina, Texas
Canada Expansion
Cheba Hut Toasted Subs
My Friend's Place
International Expansion
Cheba Hut Toasted Subs
My Friend's Place