|
Below is an in-depth analysis and side-by-side comparison of The Carving Board vs Jon Smith Subs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $314,500 - $621,500 | $309,500 - $887,760 |
Franchise Fee | $35,000 | $39,500 |
Royalty Fee | - | 6% |
Advertising Fee | - | 3% |
Year Founded | 2012 | 1988 |
Year Franchised | 2016 | 2007 |
Term Of Agreement | - | 20 years |
Term Of Agreement | - | 20 years |
Renewal Fee | - | $1K |
Business Experience Requirements |
||
Experience | A great franchise candidate for The Carving Board is not necessarily just someone who has food experience, although that could be a plus. The company is looking for people who are driven, willing to commit to the brand and want to be part of something bigger. Franchisees need the necessary capital to open a location, the willingness to learn and the ability to follow a proven system. | - |
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 | - | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing store |
Support | - | Purchasing Co-ops 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 National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | No |
International Expansion | - | Yes |