|
Below is an in-depth analysis and side-by-side comparison of East Coast Subs vs Potbelly Sandwich Shop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $99,000 - $175,000 | $534,950 - $874,000 |
Franchise Fee | $12,500 | $40,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | 4% | Up to 4% |
Year Founded | 1991 | 1977 |
Year Franchised | 2008 | 2009 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 20% of current franchise fee | - |
Business Experience Requirements |
||
Experience | - | Potbelly is looking for "Potbelly People" to become franchisees. That means people that love working with a team, have solid business experience (not necessarily in restaurants), the financial qualifications, possess personal motivation and have been successful. Our franchise owner/operator model is a two person team. Whether a family partnership or a business partnership we are looking for an operating team that wants to be owners of the neighborhood sandwich shop within their community. |
Financing Options |
||
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 |
||
Training | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. | All new franchisees participate in a 10-12 week training program. This consists of real life experience in one of our company-owned training shops. In addition, we will train your key holding employees for 6 weeks at one of our company-owned training shops. Once completed, franchisees receive regular updates to their training along with our company-owned stores, including regular on site reviews. On-The-Job Training: 355 hours Classroom Training: 80 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 | - | Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
NO LONGER FRANCHISING
East Coast Subs was opened in Murray, Utah
on November 1, 1991. It was initially set up as an association amongst
Ray and Carla Quintana, a couple. The Murray area is still claimed and
worked by the Quintanas, who together have over 60 years involvement in
the eatery business. An East Coast Subs Franchisee will offer astounding
Philadelphia style subs and other sustenance things. We are best known
for our steak subs, and the best way to truly comprehend is to have one.
When you do you will comprehend why our clients continue returning.
Clients are offered a few assortments of steak subs and different
sandwiches, each of which comes in 2 sizes with 2 sorts of bread to
browse. Sandwiches are made by client's wishes.