W G Grinders vs Newk's Franchise Comparison

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

Start-Up Costs and Fees
 
W G Grinders Franchise
Newk's Franchise
Investment $99,000 - $275,000$971,100 - $1,207,350
Franchise Fee $22,500$40,000
Royalty Fee 4.5%5%
Advertising Fee 2%Nat.+.75%Loc.1.5%
Year Founded 19862004
Year Franchised 19962004
Term Of Agreement --
Term Of Agreement --
Renewal Fee -none


Business Experience Requirements
 
W G Grinders Franchise
Newk's Franchise
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 Cafe 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
 
W G Grinders Franchise
Newk's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support
 
W G Grinders Franchise
Newk's Franchise
Training -On-The-Job Training: 276 hours Classroom Training: 74 hours
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app
Operations -Number of Employees Required to Run: 50

Expansion Plans
 
W G Grinders Franchise
Newk's Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About W G Grinders

Gotta get the world's greatest Grinder! We offer 23 varieties of gourmet oven-baked sandwiches, deli-style salads, baked pasta dishes, savory soups, specialty coffees and unique deserts in an airy, modern dining environment perfect for lunch and dinner, or through take-out, box lunches and catering services. Each Grinder is made to order using special sauces and marinates in combinations of glazed ham, chicken breasts, sliced sirloin steak, corned beef, tuna, sausages and turkey breasts, with generous portions of cheese and fresh vegetables, all baked in one of three roll varieties.
 
Every component of the W.G. Grinders business, from recipe development to restaurant design to customer service techniques, has been tested and refined for performance. When you become a W.G. Grinders franchisee, you benefit from the experience of those who have devoted thousands of hours to developing the W.G. Grinders system.

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

The total investment necessary to begin operation of a Newk's Restaurant franchise is $971,100 to $1,207,350. This includes a $40,000 initial franchise fee that must be paid to the franchisor. The franchisor may offer to enter into an area development agreement to establish and operate a certain number of Newk's Restaurants at specific locations pursuant to individual franchise agreements. The area development fee, which will vary depending upon the number of franchised restaurants to be developed, will be equal to the total of $40,000 for the first Newk's Restaurant plus $20,000 for each additional Newk's Restaurant to be developed. The area development fee will be applied to the initial franchise fees for each applicable Newk's Restaurant.