|
Below is an in-depth analysis and side-by-side comparison of Jersey Mike's Submarines & Salads vs Apple Spice Junction including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $169,001 - $804,085 | $280,000 - $500,000 |
Franchise Fee | $18,500 | $37,500 |
Royalty Fee | 6.5% | - |
Advertising Fee | 5% | - |
Year Founded | 1956 | 1988 |
Year Franchised | 1987 | 2002 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 360 hours Classroom Training: 40 hours | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
The bakery-cafe segment of the restaurant industry is the fastest and strongest growing segment today. And, with limited competition. Open a classic American eatery to your neighborhood offering creative, savory and healthy options all day long. Designed as a gathering place - whether it’s to catch up with friends over a great cup of coffee, hold an informal business meeting, dine as a family, or a place for the team to celebrate after the game. Apple Spice Cafe & Bakery will become your community’s place to dine in or grab and go!