Start-Up Costs and Fees |
||
| Mr. Hero | East Coast Subs | |
| Investment | 113000 - 305000 | 99000 - 175000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 6% |
| Advertising Fee | 4% | |
| Year Founded | 1965 | 1991 |
| Year Franchised | 1970 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mr. Hero | East Coast Subs | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Mr. Hero | East Coast Subs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mr. Hero | East Coast Subs | |
| Training | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| 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) | |
Expansion Plans |
||
| Mr. Hero | East Coast 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 | |
| Mr. Hero | |
| East Coast Subs | |
| Franchise Fee | |
| Mr. Hero | |
| East Coast Subs | |
| Royalty Fee | |
| Mr. Hero | 5.50% |
| East Coast Subs | 6% |
| Advertising Fee | |
| Mr. Hero | |
| East Coast Subs | 4% |
| Year Founded | |
| Mr. Hero | 1965 |
| East Coast Subs | 1991 |
| Year Franchised | |
| Mr. Hero | 1970 |
| East Coast Subs | 2008 |
| Term Of Agreement | |
| Mr. Hero | 10 years |
| East Coast Subs | 10 years |
| Renewal Fee | |
| Mr. Hero | |
| East Coast Subs | 20% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Mr. Hero | Industry experience General business experience Marketing skills |
| East Coast Subs | |
Financing Options |
|
| Franchise Fees | |
| Mr. Hero | No |
| East Coast Subs | No |
| Start-up Costs | |
| Mr. Hero | |
| East Coast Subs | |
| Equipment | |
| Mr. Hero} | |
| East Coast Subs | |
| Inventory | |
| Mr. Hero | |
| East Coast Subs | |
| Receivables | |
| Mr. Hero | |
| East Coast Subs | |
| Payroll | |
| Mr. Hero | |
| East Coast Subs | |
Training & Support |
|
| Training | |
| Mr. Hero | |
| East Coast Subs | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. |
| Support | |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| East Coast Subs | |
| Marketing | |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| East Coast Subs | |
| 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) |
| East Coast Subs | |
Expansion Plans |
|
| US Expansion | |
| Mr. Hero | |
| East Coast 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 |
| Canada Expansion | |
| Mr. Hero | |
| East Coast Subs | |
| International Expansion | |
| Mr. Hero | |
| East Coast Subs | |