Start-Up Costs and Fees |
||
| Mr. Hero | b.good | |
| Investment | 113000 - 305000 | 545000 - 951000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 1.50% | |
| Year Founded | 1965 | 2004 |
| Year Franchised | 1970 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mr. Hero | b.good | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Mr. Hero | b.good | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mr. Hero | b.good | |
| Training | On-The-Job Training: 146 hours Classroom Training: 40 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | Number of Employees Required to Run: 16 |
Expansion Plans |
||
| Mr. Hero | b.good | |
| 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 | |
| Mr. Hero | |
| b.good | |
| Franchise Fee | |
| Mr. Hero | |
| b.good | |
| Royalty Fee | |
| Mr. Hero | 5.50% |
| b.good | 5% |
| Advertising Fee | |
| Mr. Hero | |
| b.good | 1.50% |
| Year Founded | |
| Mr. Hero | 1965 |
| b.good | 2004 |
| Year Franchised | |
| Mr. Hero | 1970 |
| b.good | 2012 |
| Term Of Agreement | |
| Mr. Hero | 10 years |
| b.good | |
| Renewal Fee | |
| Mr. Hero | |
| b.good | |
Business Experience Requirements |
|
| Experience | |
| Mr. Hero | Industry experience General business experience Marketing skills |
| b.good | |
Financing Options |
|
| Franchise Fees | |
| Mr. Hero | No |
| b.good | No |
| Start-up Costs | |
| Mr. Hero | |
| b.good | |
| Equipment | |
| Mr. Hero} | |
| b.good | |
| Inventory | |
| Mr. Hero | |
| b.good | |
| Receivables | |
| Mr. Hero | |
| b.good | |
| Payroll | |
| Mr. Hero | |
| b.good | |
Training & Support |
|
| Training | |
| Mr. Hero | |
| b.good | On-The-Job Training: 146 hours Classroom Training: 40 hours |
| Support | |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| b.good | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| b.good | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Mr. Hero | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
| b.good | Number of Employees Required to Run: 16 |
Expansion Plans |
|
| US Expansion | |
| Mr. Hero | |
| b.good | 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 | |
| Mr. Hero | |
| b.good | |
| International Expansion | |
| Mr. Hero | |
| b.good | |