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Updated RecentlyMr. Goodcents vs la prep Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Goodcents vs la prep including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $211,432 - $431,843 | $300,000 - $425,000 |
| Franchise Fee | $35,000 | $35,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3.5% | - |
| Year Founded | 1988 | 2010 |
| Year Franchised | 1990 | 2010 |
| Term Of Agreement | 10 years | 10 years+5 |
| Term Of Agreement | 10 years | 10 years+5 |
| Renewal Fee | 60% of current fee | - |
Business Experience Requirements |
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| Experience | No related experience is necessary, just your desire to learn. We provide all the training and assistance you will need to operate your franchise. | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 120 hours Classroom Training: 40 hours | 3-week training program provides hands-on experience covering all phases of operating your la prep franchise. You will receive Operations Manuals that cover everything from employee hiring and training to product preparation, management, advertising and business systems. The training continues with special on-site support by one of our training managers for 1 week for your restaurant opening. |
| Support | 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 Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations |
Franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | Yes | Yes |
Company Overviews
About Mr. Goodcents
MR. GOODCENTS HAS DROPPED THE MR. AND IS NOW GOODCENTS DELI FRESH SUBS
Joseph Bisogno started out running a lemonade stand when he was 6, bought an ice cream truck at 18 and later purchased a gas station. In 1988, Bisogno started Mr. Goodcents Inc. after nearly 10 years of experience with the McDonald's Corp. The first Mr. Goodcents franchised location opened just 2 years later, and there are now more than 115 franchised restaurants nationwide. The locations offer dine-in, carry-out and delivery of salads, soup, pastas and submarine sandwiches ranging from traditional turkey, ham and cheese or meatball, to specialties like the Mr. Goodcents Combo, which features ham, bologna, salami and pepperoni.
Veteran Incentives 50% off franchise fee
About la prep
la prep is a privately-owned Canadian restaurant franchising system. Our dedicated franchisees are hands-on owner/operators that are both personally and financially committed to their business, resulting in a maximized level of customer service. As we continue our expansion of the brand we are always searching for qualified individuals to join our franchise community.