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Updated RecentlySilver Mine Subs vs Cheba Hut Toasted Subs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Silver Mine Subs vs Cheba Hut Toasted Subs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $197,000 - $340,000 | $575,900 - $939,700 |
| Franchise Fee | $20,000 | $40,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 4% | 2% |
| Year Founded | 1996 | 1998 |
| Year Franchised | 2002 | 2002 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs� franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters. | On-The-Job Training: 84 hours Classroom Training: 84 hours |
| Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Ad Templates Social media SEO Website development |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Silver Mine Subs
Hungry for the possibility of being your own boss?
Ready to "Dig In" to a tasty concept!
Geared up to hit the Mother Lode?Silver Mine Subs goes beyond the standard sandwich shop. Our mining mentality and "silver" delivery service until 3 am make us the most convenient choice for hungry prospectors. Our dedicated franchise team promises entrepreneurs a proven concept with the individualized franchisee attention not often afforded by others. Our product, store atmosphere and people work in concert to provide the perfect food for our customer's lifestyles. Silver Mine Subs delivers not just food, but an experience.
Our locations in six states (and growing!) serve over a thousand customers per location per week. You maximize your customer base because unlike other concepts, we go beyond the standard model by delivering great taste directly to the mouths of hungry customers, and we offer healthy food options well beyond the standard dinner hour.
Get your share of the silver dust! Contact us to learn more about opening your Silver Mine Subs franchised location!
When you join the Silver Mine Subs system, you become a part of a growing brand with proven operational success. Silver Mine Subs offers high quality products along with a program that is so good, you do not need restaurant or food experience to succeed.
About Cheba Hut Toasted Subs
Cheba Hut is a "Toasted" sub concept that has been curing munchies since
1998. Our Huts not only tout the best bread in the business, but our
foodies "Flip the Bird" to the establishment with our homegrown food,
our relaxed environment and our amazing employees; who actually enjoy
rollin in our joint.
Over the past 20 years, we have seen steady growth and today our Huts can be found in over 20 locations, across 7 states.
Cheba Hut is the quintessential "anti-Corporation”. Since 1998, we have
broken the mold of mundane fast-casual concepts and set ourselves apart
by becoming the first cannabis-themed "joint”.