|
Below is an in-depth analysis and side-by-side comparison of Jerry's Subs & Pizza vs Little Caesars including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $250,000 - $350,000 | $359,700 - $1,686,000 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1954 | 1959 |
Year Franchised | 1980 | 1962 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $25K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising | - |
Operations |
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
The first Jerry's Subs opened in Wheaton, Maryland, in 1954, selling over-stuffed submarine sandwiches and New York-style pizza. Since it started franchising in 1980, the company has grown to include locations along the East Coast, as well as in the Caribbean and Central America.
Michael and Marian Ilitch, the authors of Little Caesars Pizza, thought ambitiously, went out on a limb, and grew one pizza shop in a Detroit suburb into a worldwide pizza chain.
It began with somewhat known nibble sustenance called "pizza" brought home by World War II fighters coming back from Italy. Mike and Marian saw guarantee in this new sustenance and were enthusiastic about beginning their own pizza business. They contributed their $10,000 life investment funds toward opening a solitary Little Caesars shop in 1959. To develop the chain, Mike and Marian diversified their stores, at last giving a huge number of people the chance to possess their own particular business. Mike and Marian took individual pride in helping franchisees develop their organizations and giving business chances to youthful team individuals.
Over 50 years after the fact,Little Caesars is a universally known brand.
A BRIGHT FUTURE
Little Caesars keeps on improving to give more an incentive to more individuals in more places. This implies business open doors for business people, new stores over the world, top notch and advantageous new items, and showcasing advancements that enjoyment clients. Most imperative, Little Caesars stays concentrated on what it excels at: furnishing pizza made with our finest fixings at an incredible cost far and wide!