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