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Updated RecentlyFriendly's Restaurants vs Miami Grill Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Friendly's Restaurants vs Miami Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $498,500 - $1,950,000 | $175,000 - And Up |
| Franchise Fee | $30,000 - $35,000 | $30,000 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | 3.5% | 3% |
| Year Founded | 1935 | - |
| Year Franchised | 1996 | - |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | $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 | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | Miami Subs Grill's Franchise Program will provide training and support services at our Training Center in Fort Lauderdale, Florida. The training program is designed to cover all facets of operating a Miami Subs Grill franchise; focusing on store operations � both theoretical and practical. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Our support system includes assistance with site selection, architecture, product development, purchasing, inventory control, marketing, and ongoing operational support. Becoming a Miami Subs Grill franchisee means that everyone will always be part of a great team: in business for yourself, but not by yourself. |
| Marketing | Ad slicks, National media | Marketing Programs are designed to increase store traffic, create "top of mind" awareness, and build the Miami Subs Grill brand in your area. Each restaurant will be provided access to marketing support from pre-opening through operational stages. Assistance will be provided in the following areas: � Marketing and Advertising � Public Relations � Print Materials � Soft and Grand Opening Assistance � National and Regional Advertising |
| Operations |
Franchisees required to buy multiple units/master licenses; 62% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Friendly's Restaurants
In Springfield, Massachusetts at the height of the Great Depression in 1935, 20 year-old Prestley Blake and his 18 year-old brother Curtis opened an ice cream shop called 'Friendly' that served double-dip cones for 5 cents. The brothers opened a second shop five years later in West Springfield, Massachusetts and added food to the menu. Within a decade, locations opened throughout western Massachusetts and Connecticut. In 1988 Donald N. Smith, the company's current CEO, purchased the company and a year later added an 's' to the name, making it 'Friendly's.'
In May 2000, Friendly's introduced a new food and dessert menu featuring colossal burgers, sandwich wraps, splits, sundaes and Cyclones. Friendly's produces 10 million snack cups and 230,000 gallons of fudge every year. In addition to its restaurants and cafes, Friendly's manufactures a complete line of frozen desserts.
About Miami Grill
Miami Subs Grill is Florida's Largest Regional Sub/Grill Chain. This success has been achieved by a team of dedicated, innovative people who are committed to excellence, pride, loyalty and creative thinking. We are proud to offer our customers the finest choice of meals for any eating occasion. It is our belief that our customers are why we are in business and why our focus on satisfying their needs continues to make us so successful. This decade will be even more fantastic for Miami Subs Grill as we expand operations and add a new presence to our franchise family. Our company's success lies in our dedication to quality, cleanliness, and customer service. This credo is at the very heart of the day-to-day operations of every department within the company and forms the foundation and rationale for everything we do. Supported by our employees, state-of-the-art computerized management and operations systems, and driven by the desire to be the best, Miami Subs Grill is looking forward to a bright future in developing franchisee relationships around the world. Miami Subs Grill is committed to success. We are looking for people who understand and give credence to our vision of providing both an exceptional product and quality service. These individuals will become part of our family, and together, we expect to flourish. Wherever people gather, Miami Subs Grill will be there. It is our mandate.