My Friend's Place vs Cheba Hut Toasted Subs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Friend's Place vs Cheba Hut Toasted Subs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
My Friend's Place Franchise
Cheba Hut Toasted Subs Franchise
Investment $156,650 - $260,400$575,900 - $939,700
Franchise Fee $20,000$40,000
Royalty Fee 5%6%
Advertising Fee 1%2%
Year Founded 19801998
Year Franchised 19802002
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Friend's Place Franchise
Cheba Hut Toasted Subs Franchise
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

 
My Friend's Place Franchise
Cheba Hut Toasted Subs 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

 
My Friend's Place Franchise
Cheba Hut Toasted Subs Franchise
Training 1. Headquarters 12 Business Days

2. Franchisee Site 12 Business Days

On-The-Job Training: 84 hours Classroom Training: 84 hours
Support Field Operation Evaluation

Field Training: At Additional Cost

Initial Store Opening

Inventory Control: At Additional Cost

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 Average Number of Employees: 2 Full-time, 2 Part-time

Passive Ownership: Not Allowed

Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

Expansion Plans

 
My Friend's Place Franchise
Cheba Hut Toasted Subs Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About My Friend's Place

A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'

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”.
Veteran Incentives  10% off franchise fee