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Below is an in-depth analysis and side-by-side comparison of Tubby's Sub Shops vs New York NY Fresh Deli including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $112,900 - $293,500 | $86,000 - $150,000 |
Franchise Fee | $17,500 - $20,000 | $15,000 |
Royalty Fee | 4%-6% | 6% |
Advertising Fee | 4% | - |
Year Founded | 1968 | 2001 |
Year Franchised | 1978 | 2002 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | On-The-Job Training: 92 hours Classroom Training: 28 hours Additional Training: Company store | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Field Operations Site Selection | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | National Media Social media | Co-op advertising, Ad slicks |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
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Number of employees needed to run franchised unit: 6 - 15
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
Founder Richard Paganes opened the first Tubby's Sub Shop in 1968 in St. Clair Shores, Michigan. The company began franchising in 1978 and has locations in the Midwest and southeastern United States. Tubby's Sub Shop, which began as a family-owned and -operated business, is now public and is based in Roseville, Michigan.
New York New York Franchising, Inc. operates and franchises restaurants internationally. Its menu includes breads, panini, sandwiches, salads, hot subs, meals, soups, beverages, and desserts. The company also offers catering services for party of office meetings. It has locations in Alabama, Arizona, Utah, Arkansas, New Mexico, California, North Dakota, Florida, Ohio, Idaho, Oregon, Iowa, Pennsylvania, Missouri, and Texas. New York New York Franchising, Inc. was founded in 2001 as New York Subs Franchising Corporation and changed its name to New York New York Franchising, Inc. in 2003.