Start-Up Costs and Fees |
||
| Cheba Hut Toasted Subs | Silver Mine Subs | |
| Investment | 575900 - 939700 | 197000 - 340000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | 4% |
| Year Founded | 1998 | 1996 |
| Year Franchised | 2002 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cheba Hut Toasted Subs | Silver Mine 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 |
||
| Cheba Hut Toasted Subs | Silver Mine Subs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Cheba Hut Toasted Subs | Silver Mine Subs | |
| Training | On-The-Job Training: 84 hours Classroom Training: 84 hours | Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters. |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Ad Templates Social media SEO Website development | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 | |
Expansion Plans |
||
| Cheba Hut Toasted Subs | Silver Mine 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Franchise Fee | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Royalty Fee | |
| Cheba Hut Toasted Subs | 6% |
| Silver Mine Subs | 6% |
| Advertising Fee | |
| Cheba Hut Toasted Subs | 2% |
| Silver Mine Subs | 4% |
| Year Founded | |
| Cheba Hut Toasted Subs | 1998 |
| Silver Mine Subs | 1996 |
| Year Franchised | |
| Cheba Hut Toasted Subs | 2002 |
| Silver Mine Subs | 2002 |
| Term Of Agreement | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Renewal Fee | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
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. |
| Silver Mine Subs | |
Financing Options |
|
| Franchise Fees | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Start-up Costs | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Equipment | |
| Cheba Hut Toasted Subs} | |
| Silver Mine Subs | |
| Inventory | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Receivables | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
| Payroll | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |
Training & Support |
|
| Training | |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Silver Mine Subs | Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters. |
| 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 |
| Silver Mine Subs | |
| Marketing | |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Silver Mine Subs | |
| Operations | |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
| Silver Mine Subs | |
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 |
| Silver Mine Subs | |
| Canada Expansion | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | 0 |
| International Expansion | |
| Cheba Hut Toasted Subs | |
| Silver Mine Subs | |