Start-Up Costs and Fees |
||
| Wall Street Deli | Cheba Hut Toasted Subs | |
| Investment | 190500 - 457000 | 575900 - 939700 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1992 | 1998 |
| Year Franchised | 1992 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wall Street Deli | Cheba Hut Toasted Subs | |
| Experience | General business experience | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. |
Financing Options |
||
| Wall Street Deli | Cheba Hut Toasted Subs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Wall Street Deli | Cheba Hut Toasted Subs | |
| Training | Available at franchisee's location | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad slicks, Regional advertising | Ad Templates Social media SEO Website development |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 12 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
| Wall Street Deli | Cheba Hut Toasted 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 | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
| Franchise Fee | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
| Royalty Fee | |
| Wall Street Deli | 5% |
| Cheba Hut Toasted Subs | 6% |
| Advertising Fee | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | 2% |
| Year Founded | |
| Wall Street Deli | 1992 |
| Cheba Hut Toasted Subs | 1998 |
| Year Franchised | |
| Wall Street Deli | 1992 |
| Cheba Hut Toasted Subs | 2002 |
| Term Of Agreement | |
| Wall Street Deli | 10 years |
| Cheba Hut Toasted Subs | |
| Renewal Fee | |
| Wall Street Deli | $5K |
| Cheba Hut Toasted Subs | |
Business Experience Requirements |
|
| Experience | |
| Wall Street Deli | General business experience |
| Cheba Hut Toasted Subs | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. |
Financing Options |
|
| Franchise Fees | |
| Wall Street Deli | No |
| Cheba Hut Toasted Subs | No |
| Start-up Costs | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
| Equipment | |
| Wall Street Deli} | |
| Cheba Hut Toasted Subs | |
| Inventory | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
| Receivables | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
| Payroll | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
Training & Support |
|
| Training | |
| Wall Street Deli | Available at franchisee's location |
| Cheba Hut Toasted Subs | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | |
| Wall Street Deli | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Cheba Hut Toasted Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Wall Street Deli | Ad slicks, Regional advertising |
| Cheba Hut Toasted Subs | Ad Templates Social media SEO Website development |
| Operations | |
| Wall Street Deli | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 12 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
| Cheba Hut Toasted Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
|
| US Expansion | |
| Wall Street Deli | |
| Cheba Hut Toasted 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 | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |
| International Expansion | |
| Wall Street Deli | |
| Cheba Hut Toasted Subs | |