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Below is an in-depth analysis and side-by-side comparison of Penn Station East Coast Subs vs Doc Popcorn including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $383,844 - $613,764 | $119,704 - $366,950 |
Franchise Fee | $25,000 | $15,000 - $22,500 |
Royalty Fee | to8% | 6% |
Advertising Fee | 2-3% | 1% |
Year Founded | 1985 | - |
Year Franchised | 1988 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $2500 | - |
Business Experience Requirements |
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Experience | - | We are looking for entrepreneurs who are independent, self-disciplined, persistent, hard working and confident. At the same time you should be fun and outgoing! |
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/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | * Marketing materials and advertising collateral provided - assistance to promote and drive your business. * The 'Doc is always in' helpdesk - get all your questions answered 7 days a week. * Efficient turnkey process - Depending on the model you choose, our real estate development team has a systematic approach to streamline the process and shorten the build-out time so you are making money as quickly as possible. |
Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |