Mr. Hero vs Larry's Giant Subs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Hero vs Larry's Giant Subs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Mr. Hero Larry's Giant Subs
Investment 113000 - 305000 136800 - 201900
Franchise Fee 0 0
Royalty Fee 5.50% 6%
Advertising Fee
Year Founded 1965 1982
Year Franchised 1970 1986
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Mr. Hero Larry's Giant Subs
Experience Industry experience General business experience Marketing skills Industry experience General business experience

Financing Options
  Mr. Hero Larry's Giant Subs
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  Mr. Hero Larry's Giant Subs
Training
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op advertising, Ad slicks, National media, Regional advertising Co-op advertising, Ad slicks, 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) 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Expansion Plans
  Mr. Hero Larry's Giant Subs
US Expansion
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Mr. Hero
Larry's Giant Subs
Franchise Fee
Mr. Hero
Larry's Giant Subs
Royalty Fee
Mr. Hero 5.50%
Larry's Giant Subs 6%
Advertising Fee
Mr. Hero
Larry's Giant Subs
Year Founded
Mr. Hero 1965
Larry's Giant Subs 1982
Year Franchised
Mr. Hero 1970
Larry's Giant Subs 1986
Term Of Agreement
Mr. Hero 10 years
Larry's Giant Subs 10 years
Renewal Fee
Mr. Hero
Larry's Giant Subs $1K


Business Experience Requirements
Experience
Mr. Hero Industry experience General business experience Marketing skills
Larry's Giant Subs Industry experience General business experience

Financing Options
 
Franchise Fees
Mr. Hero No
Larry's Giant Subs No
Start-up Costs
Mr. Hero
Larry's Giant Subs
Equipment
Mr. Hero}
Larry's Giant Subs
Inventory
Mr. Hero
Larry's Giant Subs
Receivables
Mr. Hero
Larry's Giant Subs
Payroll
Mr. Hero
Larry's Giant Subs

Training & Support
Training
Mr. Hero
Larry's Giant Subs
Support
Mr. Hero Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Larry's Giant Subs Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives
Marketing
Mr. Hero Co-op advertising, Ad slicks, National media, Regional advertising
Larry's Giant Subs Co-op advertising, Ad slicks, Regional advertising
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)
Larry's Giant Subs 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Expansion Plans
US Expansion
Mr. Hero
Larry's Giant Subs
Canada Expansion
Mr. Hero
Larry's Giant Subs
International Expansion
Mr. Hero
Larry's Giant Subs