Start-Up Costs and Fees |
||
| Penn Station East Coast Subs | Melting Pot Restaurants | |
| Investment | 383844 - 613764 | 1404320 - 1824210 |
| Franchise Fee | ||
| Royalty Fee | to8% | 5% |
| Advertising Fee | 2-3% | 1.19-3% |
| Year Founded | 1985 | 1975 |
| Year Franchised | 1988 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Penn Station East Coast Subs | Melting Pot Restaurants | |
| Experience | General business experience | |
Financing Options |
||
| Penn Station East Coast Subs | Melting Pot Restaurants | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Penn Station East Coast Subs | Melting Pot Restaurants | |
| Training | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours | On-The-Job Training: 288 hours Classroom Training: 40 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops 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 National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates Social media SEO Website development Email marketing |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | 45% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Penn Station East Coast Subs | Melting Pot Restaurants | |
| US Expansion | ||
| Canada Expansion | 0 | 0 |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
| Franchise Fee | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
| Royalty Fee | |
| Penn Station East Coast Subs | to8% |
| Melting Pot Restaurants | 5% |
| Advertising Fee | |
| Penn Station East Coast Subs | 2-3% |
| Melting Pot Restaurants | 1.19-3% |
| Year Founded | |
| Penn Station East Coast Subs | 1985 |
| Melting Pot Restaurants | 1975 |
| Year Franchised | |
| Penn Station East Coast Subs | 1988 |
| Melting Pot Restaurants | 1984 |
| Term Of Agreement | |
| Penn Station East Coast Subs | 5 years |
| Melting Pot Restaurants | 10 years |
| Renewal Fee | |
| Penn Station East Coast Subs | $2,500 |
| Melting Pot Restaurants | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | General business experience |
Financing Options |
|
| Franchise Fees | |
| Penn Station East Coast Subs | No |
| Melting Pot Restaurants | No |
| Start-up Costs | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
| Equipment | |
| Penn Station East Coast Subs} | |
| Melting Pot Restaurants | |
| Inventory | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
| Receivables | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
| Payroll | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
Training & Support |
|
| Training | |
| Penn Station East Coast Subs | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours |
| Melting Pot Restaurants | On-The-Job Training: 288 hours Classroom Training: 40 hours |
| Support | |
| Penn Station East Coast Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Melting Pot Restaurants | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Penn Station East Coast Subs | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Melting Pot Restaurants | Co-op Advertising Ad Templates Social media SEO Website development Email marketing |
| Operations | |
| Penn Station East Coast Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 |
| Melting Pot Restaurants | 45% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | |
| Canada Expansion | |
| Penn Station East Coast Subs | 0 |
| Melting Pot Restaurants | 0 |
| International Expansion | |
| Penn Station East Coast Subs | |
| Melting Pot Restaurants | Worldwide, |