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Below is an in-depth analysis and side-by-side comparison of Firehouse Subs vs Spicy Pickle including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $57,502 - $868,696 | $300,000 |
Franchise Fee | $20,000 | $30,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 3-5% | - |
Year Founded | 1994 | 1999 |
Year Franchised | 1995 | 2003 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | 20% of then-current fee |
Business Experience Requirements |
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Experience | 1. Minimum of $80k to invest 2. Credit score of 650+ 3. Strong inner drive for excellence 4. Devotion to your Firehouse Subs business 5. Motivated and community-minded 6. Must love subs! | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | - | Meetings, Grand opening, Internet, Field operations/evaluations |
Marketing | - | Co-op advertising, Ad slicks, National media, Regional advertising |
Operations | - |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 15
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | No |
International Expansion | Yes | No |
Our extraordinary steaming procedure stirs our exceptional meats and cheeses. At the point when our sub sandwiches are served in eateries highlighting genuine firefighting stylistic layout, this is a blend people return for over and over.
Spreading Like Wildfire
Surpassing 1,000 establishment areas, our Firehouse Subs development is deliberately figured to improve potential, gain, speculation, and obviously, our franchisees' prosperity.
Operational Excellence
Spicy Pickle is looking for experienced restaurant operators who also have the financial ability and marketing expertise to develop territory. Spicy Pickle restaurants are in relatively small footprints and can, when properly developed, operated and marketed, produce attractive returns for the investment. Spicy pickle has earned a reputation for serving delicious culinary inspired food that caters mostly to the daytime working populations in a fast casual atmosphere. We are looking for franchisees who have earned a similar reputation for success in their hometowns and are looking for this type of opportunity. If this describes you we encourage you make application and set up a visit to our Corporate headquarters. Be prepared to present a business plan for the roll out of Spicy Pickle restaurants in your chosen development area. We have in place the infrastructure to assist you from initial financial projections to site selection and lease negotiation to build-out assistance, training, grand opening and ongoing marketing and operational support. We are experienced franchisors and restaurant operators and are looking for franchisee partners to help expand the brand. What we need you to have: * Significant business experience and references, preferably in the retail environment and specifically in restaurant operations. * Sufficient financial strength to open several Spicy Pickle restaurants as locations become available (at least $1 Million dollars of liquidity). * Strong ties to the local community. * A desire to build, own and operate your own business, and entrepreneur. * Enthusiasm and the ability to wake up every day with an opportunistic attitude.