|
Below is an in-depth analysis and side-by-side comparison of New York Burrito-Gourmet Wraps vs Capt. Sub including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $85,000 - $150,000 | $120,000 - $160,000 |
Franchise Fee | $15,000 | $20,000 |
Royalty Fee | 7% | - |
Advertising Fee | - | - |
Year Founded | 1995 | 1972 |
Year Franchised | 1996 | 1972 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $1K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-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 |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
NO LONGER FRANCHISING
"The Toast Masters!"
Capt. Sub is the right concept at the right time.
The sandwich category is exploding in foodservice and Capt. Sub is poised to offer customers what they are looking for - value, quality products, served hot and fresh.
Since our inception on Kent Street in Charlottetown back in 1972, over the past 5 decades Capt. Submarine has become known as THE authentic Atlantic Canadian sub franchise. You’ll find the proof right there on top of our freshly baked breads; we offer the kinds of flavours and recipes that Atlantic Canadians love.The Captain Submarine is considered, by industry standards, a low investment compared to many other similar systems. The Capt. Sub brand franchise offers a good return on investment for successful operators. Grinner's Food Systems Limited has been franchising in Canada for over 25 years. Based in Atlantic Canada, their executives are well versed in what Canadians want. Grinner's has one of the largest franchise service infrastructure systems in Eastern Canada with over 30 people at Head Office, always available to assist you in your day-to-day operations. Grinner's offers volume purchasing, quality professional marketing materials and operational expertise that are second to none in the Canadian Foodservice arena. Grinner's Food Systems Limited is the Franchisor of the highly successful 159-unit Greco Pizza Restaurant chain.