Larry's Giant Subs vs Jersey Mike's Submarines & Salads Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Larry's Giant Subs vs Jersey Mike's Submarines & Salads including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$136,800 - $201,900 | $169,001 - $804,085 |
Franchise Fee |
$20,000 | $18,500 |
Royalty Fee |
6% | 6.5% |
Advertising Fee |
- | 5% |
Year Founded |
1982 | 1956 |
Year Franchised |
1986 | 1987 |
Term Of Agreement |
10 years | 10 years |
Term Of Agreement |
10 years | 10 years |
Renewal Fee |
$1K | - |
Business Experience Requirements |
Experience |
Industry experience General business experience | Restaurant experience |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | No/Yes |
Start-up Costs |
No/No | No/Yes |
Equipment |
No/No | No/Yes |
Inventory |
No/No | No/No |
Receivables |
No/No | No/No |
Payroll |
No/No | No/No |
Training & Support |
Training |
- |
On-The-Job Training: 360 hours
Classroom Training: 40 hours
|
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12
Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10
- 15
Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators) |
Expansion Plans |
US Expansion |
- | - |
Canada Expansion |
No | No |
International Expansion |
No | Yes |
Company Overviews
About Larry's Giant Subs
"Larry's formula for success: Quality, Honesty, Reliability - We Set the Standard!"
Larry Raikes - Larry's Giant Subs"I'm very proud of our franchise owners. They've helped make our company the best it can be.
In 1982, my brother Mitchell and I opened the first Larry's Giant Subs in Jacksonville, Florida. We offered extraordinary quality then, as we still do today. Our franchisees share our commitment to serving the very best. And we've all been successful using this simple formula."
The first thing you need to know about Larry's Giant Subs is that we do everything in a Big Way. This means we are Quality Driven. We serve only the best . . . no compromises. That's why we are different. That's why we are better.
To be a Larry's Giant Subs Franchisee, all you need is enthusiasm and perseverance. This system was designed by aspiring entrepreneurs and that is who it's tailored to fit. Mitchell Raikes said it best: "We are only as good as the sandwich that comes across the counter and the smiling face that prepares and serves it. Take pride in what you do and be the best that you can be".
The future looks especially bright for the sandwich section of the fast food industry. Sandwiches and salads may be hot but Larry's Giant Subs is even hotter.
Simply put, we believe Larry's Giant Subs sandwiches are the best you can buy. A better sandwich means a better opportunity for you. If you would like to own an exciting business in a growing market segment then a Larry's Giant Subs Franchise could be for you.
About Jersey Mike's Submarines & Salads
The first Jersey Mike's Super Sub was created in Point Pleasant, New Jersey, on the Jersey Shore in 1956. Peter Cancro started working in the submarine sandwich business when he was 14 years old. At the age of 17, before state law allowed him to operate a slicing machine, Cancro bought the original Jersey Mike's location. Since it started franchising in 1987, Jersey Mike's has grown to more than 150 franchises.
Jersey Mike's is one of the biggest and most affordable fast food
restaurants and the mobile app delivers the same exciting experience,
minus the wait.
You can quickly browse through all the favorite items on
the menu or search by categories including subs, sandwiches, wraps,
beverages and desserts, and more.
Can't find a decent place to stop at
on your road trip? Use the app to find the nearest Jersey Mike's and
enjoy your favorite meal in no time.
Get the regular subs and sandwiches
or customize them the way you want to.
Our concept is simple. We provide our customers with the freshest,
highest quality sub sandwiches available, prepared right in front of
them and served with energy and enthusiasm. Our culture of giving and
making a difference in the lives of our customers creates an important
bond in the communities we serve.
Our business model, which offers a balanced lifestyle, allows our
owners the wherewithal to support important causes in their community
and the flexibility to have a family life outside the restaurant.
Discover how Jersey Mike’s can make a difference in your life.
#8 in Franchise 500 for 2020.
#7 in Franchise 500 for 2021.