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Below is an in-depth analysis and side-by-side comparison of Subway vs Red Rock Chili Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $139,550 - $342,400 | $215,500 - $394,000 |
Franchise Fee | $15,000 | $25,000 |
Royalty Fee | 8% | 6% |
Advertising Fee | 4.5% | - |
Year Founded | 1965 | 2002 |
Year Franchised | 1974 | 2004 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | none | $2.5K |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | Yes/Yes | No/No |
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: 33 hours Classroom Training: 62 hours Additional Training: Training available in Australia, China, Germany, India, Montreal, Canada & Miami | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Regional advertising |
Operations |
65% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8-12 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
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100%% of all franchisees own more than one unit Number of employees needed to run franchised unit: 13 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
In 1965, 17-year-old Fred DeLuca and family companion Peter Buck opened Pete's Super Submarines in Bridgeport, Connecticut. With a credit from Buck for just $1,000, DeLuca trusted the modest sandwich shop would procure enough to put him through school. In the wake of battling through the initial couple of years, the organizers changed the organization's name to Subway and started diversifying in 1974. Offering a new, solid contrasting option to fast-food eateries, Subway has establishments all through the United States and in a few nations, with areas in customary and nontraditional locales alike.
In contrast with different rivals in the fast food industry, where franchisees need to pay millions, - for example, McDonald's ($1-2 million) and KFC ($1.3-2.5 million), investors in Subway need to pay just a portion of that.
The total investment is an estimated $150,050 - $328,700 in the United States and $102,000 to $234,000 in Canada.
NO LONGER FRANCHISING
Red Rock Chili is sustenance that warms the spirit.
Despite the fact that stew is an American staple, there aren't a mess of spots that offer a wide assortment of decisions. Red Rock Chili Company expects to fill in that executioner downtime between bean stew cook-offs for bean stew darlings by offering eight sorts every day, serving them twelve diverse courses, including on a wiener, spaghetti, rice, a heated potato and nachos. Then again you can get it in a bowl yet once you see the diverse ways they serve it it\'s impossible that you\'ll pick the last mentioned. In the event that bean stew isn\'t your thing they additionally have chicken sandwiches and 3 astounding soups.
About Us
Created from an energy to cook and with more than 40 years of eatery experience, Red Rock Chili Co. opened its Newport Beach, California entryways in 2002. Established via Carol and Paul Collis, Red Rock Chili Co. is a dinning background that is healthy, wholesome and genuinely extraordinary.
Red Rock Chili concentrates essentially on a bowl of incredible tasting bean stew. It is a yearning, an enthusiasm, a fixation for a stewed mix of meat and bean stew peppers whose particular smell makes a permanent engraving on the faculties.
Uncommon blends of flavors, herbs, peppers and even chocolate are utilized to upgrade the "simple" approach, offering clients extraordinary esteem, assortment and taste.
Indeed, even the words "Red Rock Chili" can energize to a bean stew darling, for it summons the recollections of a dish that warms the heart and grasps the body in an air of hot fulfillment.