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Below is an in-depth analysis and side-by-side comparison of Jersey Mike's Submarines & Salads vs Saladarity including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $169,001 - $804,085 | $355,875 - $469,275 |
Franchise Fee | $18,500 | $30,000 |
Royalty Fee | 6.5% | - |
Advertising Fee | 5% | - |
Year Founded | 1956 | 2003 |
Year Franchised | 1987 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 360 hours Classroom Training: 40 hours | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
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 |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Green Fine Salad Co., a Denver-based company opened its third
local location in April, 2014 at 707 Seventeenth Street -- but this outpost
will have another name: Saladarity. This new prototype is trademarked. "Green
Fine Salad is a name we couldn't protect, so we came up with Saladarity,
which we have trademarked," says founder Gerry Weber.