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Below is an in-depth analysis and side-by-side comparison of Grand Traverse vs Lee's Sandwiches including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $400,000 - $500,000 | $235,830 - $1,830,000 |
Franchise Fee | $25,000 | $35,000 - $75,000 |
Royalty Fee | 5% | 6.9% |
Advertising Fee | - | 2%local +2%Nat'l |
Year Founded | 1996 | - |
Year Franchised | 1996 | - |
Term Of Agreement | 10 years | 10 years +5+5+5 |
Term Of Agreement | 10 years | 10 years +5+5+5 |
Renewal Fee | $2500 | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | Your or your designated manager will be required to attend an initial training course of 12 weeks for a Production Unit, 8 weeks for a Non-Production Unit or Mall Unit. This initial training will focus on various aspects of your restaurant and include both classroom and on-the-job training. |
Support | - | *For approximately 10 days we will furnish one of our representatives on site for opening and operations assistance. *provide operational assistance and guidance *loan you a copy of the LEE'S SANDWICHES operations manual |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |