Firehouse Subs vs My Friend's Place Franchise Comparison

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

Start-Up Costs and Fees
 
Firehouse Subs Franchise
My Friend's Place Franchise
Investment $57,502 - $868,696$156,650 - $260,400
Franchise Fee $20,000$20,000
Royalty Fee 6%5%
Advertising Fee 3-5%1%
Year Founded 19941980
Year Franchised 19951980
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Firehouse Subs Franchise
My Friend's Place Franchise
Experience 1. Minimum of $80k to invest 2. Credit score of 650+ 3. Strong inner drive for excellence 4. Devotion to your Firehouse Subs business 5. Motivated and community-minded 6. Must love subs!-

Financing Options
 
Firehouse Subs Franchise
My Friend's Place Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/No-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Firehouse Subs Franchise
My Friend's Place Franchise
Training -1. Headquarters 12 Business Days

2. Franchisee Site 12 Business Days
Support -Field Operation Evaluation

Field Training: At Additional Cost

Initial Store Opening

Inventory Control: At Additional Cost
Marketing --
Operations -Average Number of Employees: 2 Full-time, 2 Part-time

Passive Ownership: Not Allowed

Expansion Plans
 
Firehouse Subs Franchise
My Friend's Place Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion Yes-

Company Overviews

About Firehouse Subs

Our extraordinary steaming procedure stirs our exceptional meats and cheeses. At the point when our sub sandwiches are served in eateries highlighting genuine firefighting stylistic layout, this is a blend people return for over and over.
Spreading Like Wildfire
Surpassing 1,000 establishment areas, our Firehouse Subs development is deliberately figured to improve potential, gain, speculation, and obviously, our franchisees' prosperity.
Operational Excellence

With an always developing history of inventive items, an emphasis on uncommon client benefit, and a stand-out brand character, Firehouse Subs is focused on building benefit for franchisees.

Enjoy More Subs Save More Lives

The total investment necessary to begin operation of a single Firehouse Subs Restaurant ranges from $57,502 to $862,591 for Traditional restaurants; $355,118 to $644,047 for End-Cap Strip Mall Restaurants w/ Drive Thru; and $868,696 for Free-Standing Restaurants w/ Drive Thru. These totals include the following amounts that must be paid to the franchisor or their affiliates: an initial franchise fee of $20,000; the fee for a mural ranges from $3,000 to $4,600; and the MIS System Fee ranges from $0 to $1,200.
If you sign an Area Development Agreement, you will also pay a Development Fee equal to $10,000 times the number of Restaurants to be developed. The portion of the Development Fee allocable to each Restaurant (which is $10,000 for each Restaurant) will be credited against the initial franchise fee for that Restaurant. The total investment necessary to develop from 2 to 5 Restaurants is $89,502 to 930,591 for Traditional Restaurants; $387,118 to $712,047 for End-Cap Strip Mall Restaurants / Drive Thru; $900,696 to $936,690 for Free-Standing Restaurants w/ Drive Thru.

Veteran Incentives  $2,000 off first-store franchise fee
"Entrepreneur
#59 in Franchise 500 for 2020.
#78 in Franchise 500 for 2021.






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!'