Larry's Giant Subs vs Newk's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Larry's Giant Subs vs Newk's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

Larry's Giant Subs Franchise
Newk's Franchise
Investment $136,800 - $201,900$754,000 - $1,054,500
Franchise Fee $20,000$40,000
Royalty Fee 6%5%
Advertising Fee -1/2%
Year Founded 19822004
Year Franchised 19862004
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1Knone

Business Experience Requirements

Larry's Giant Subs Franchise
Newk's Franchise
  • Industry experience
  • General business experience
  • Newk’s is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk’s Express Café locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets).

    Financing Options

    Larry's Giant Subs Franchise
    Newk's Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

    Larry's Giant Subs Franchise
    Newk's Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives-
    Marketing 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)


    Expansion Plans

    Larry's Giant Subs Franchise
    Newk's Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion No-

    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 Newk's

    Experienced restaurateurs know that the only constant in our industry is change. Newk's has a flexible menu designed for timeless appeal with three primary components - sandwiches, salads and pizzas. These were chosen to provide maximum adaptability to changing costs, tastes and regional preferences.
    Newk's is also a flexible concept adaptable to many venues.
    * Pad or commercial sites
    * Strip and lifestyle centers
    * Urban/downtown locations
    * Conversions of existing restaurants
    * Enclosed mall/food court locations
    * University or office locations
    * Airport, train station or other non-traditional locations

    The Newk's Express Cafe franchise program is designed for growth; it's designed to provide you and your organization with the guidance, the training and the tools to implement our innovative concept, and to refine and grow for many years to come. The Newk's Express Cafe strategy is to provide each customer with many ways to enjoy Newk's, and help franchise owners maximize the benefit of each customer relationship.

    The Newk's Concept offers:
    * Dine-in
    * Takeout
    * On-site catering
    * Retail sales
    * Corporate sales programs

    Get Growing - with Newk's Express Cafe
    If you are looking for a solid business opportunity designed for growth, consider the advantages of the Newk's Express Cafe franchise opportunity:
    * A concept validated by industry trends
    * Limited menu with unlimited appeal
    * A streamlined, efficient operational system
    * Flexible menu, adaptable to change in trends and tastes
    * Flexible store design/location options
    * Long-term, multi-unit franchise focus
    * An experienced, respected management team
    * Strong training and marketing programs
    * The ongoing support of a dedicated franchise company