|
Below is an in-depth analysis and side-by-side comparison of Tubby's Sub Shops vs Saladworks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $112,900 - $293,500 | $210,607 - $534,084 |
Franchise Fee | $17,500 - $20,000 | $35,000 |
Royalty Fee | 4%-6% | 5% |
Advertising Fee | 4% | 3% |
Year Founded | 1968 | 1986 |
Year Franchised | 1978 | 1992 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | $17500 |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-The-Job Training: 92 hours Classroom Training: 28 hours Additional Training: Company store | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Field Operations Site Selection | - |
Marketing | National Media Social media | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
| - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
Founder Richard Paganes opened the first Tubby's Sub Shop in 1968 in St. Clair Shores, Michigan. The company began franchising in 1978 and has locations in the Midwest and southeastern United States. Tubby's Sub Shop, which began as a family-owned and -operated business, is now public and is based in Roseville, Michigan.
A Fresh Opportunity Saladworks offers customers a quick, healthy meal made from the freshest, top-quality ingredients that satisfies even the heartiest appetite. Its what keeps our customers coming back again and again. Not only is Saladworks showing amazing growth but also the majority of our franchisees go on to open additional locations.