Start-Up Costs and Fees |
||
| Newk's | Planet Sub | |
| Investment | 971100 - 1207350 | 182000 - 402000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1.50% | 1 - 3% |
| Year Founded | 2004 | 1979 |
| Year Franchised | 2004 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Newk's | Planet Sub | |
| Experience | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). | |
Financing Options |
||
| Newk's | Planet Sub | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Newk's | Planet Sub | |
| Training | On-The-Job Training: 276 hours Classroom Training: 74 hours | Comprehensive 30 day training program |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 50 | |
Expansion Plans |
||
| Newk's | Planet Sub | |
| 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 | |
| Newk's | |
| Planet Sub | |
| Franchise Fee | |
| Newk's | |
| Planet Sub | |
| Royalty Fee | |
| Newk's | 5% |
| Planet Sub | 5% |
| Advertising Fee | |
| Newk's | 1.50% |
| Planet Sub | 1 - 3% |
| Year Founded | |
| Newk's | 2004 |
| Planet Sub | 1979 |
| Year Franchised | |
| Newk's | 2004 |
| Planet Sub | 0 |
| Term Of Agreement | |
| Newk's | |
| Planet Sub | |
| Renewal Fee | |
| Newk's | none |
| Planet Sub | |
Business Experience Requirements |
|
| Experience | |
| Newk's | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). |
| Planet Sub | |
Financing Options |
|
| Franchise Fees | |
| Newk's | |
| Planet Sub | |
| Start-up Costs | |
| Newk's | |
| Planet Sub | |
| Equipment | |
| Newk's} | |
| Planet Sub | |
| Inventory | |
| Newk's | |
| Planet Sub | |
| Receivables | |
| Newk's | |
| Planet Sub | |
| Payroll | |
| Newk's | |
| Planet Sub | |
Training & Support |
|
| Training | |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Planet Sub | Comprehensive 30 day training program |
| Support | |
| Newk's | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Planet Sub | |
| Marketing | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Planet Sub | |
| Operations | |
| Newk's | Number of Employees Required to Run: 50 |
| Planet Sub | |
Expansion Plans |
|
| US Expansion | |
| Newk's | |
| Planet Sub | 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 | |
| Newk's | |
| Planet Sub | |
| International Expansion | |
| Newk's | |
| Planet Sub | |