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Updated RecentlyPenn Station East Coast Subs vs Fire and Rice Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Penn Station East Coast Subs vs Fire and Rice including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $383,844 - $613,764 | $76,860 - $131,850 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | to8% | - |
| Advertising Fee | 2-3% | - |
| Year Founded | 1985 | 2011 |
| Year Franchised | 1988 | 2011 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $2500 | - |
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/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | We are there for our franchisees every step of the way. Support will be provided to Fire & Rice franchisees through onsite support, phone support, and virtual support. We help you get running and ensure your success through ample reinforcement. |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Penn Station East Coast Subs
We pride ourselves in developing the best concept for our consumers
and our franchisees. Unlike other concepts we run ONE company unit. Our
focus is solely on you and growing your business.
Our food is unmatched and cravable and we don’t tamper with what works. This keeps operations simple.
We cultivate an owner mentality in all aspects of our operation -
this is how we consistently produce unparalleled Return on Investment.
Ranked as one of the top 200 Franchise Opportunities in the U.S. by Entrepreneur Magazine in its 2007 Annual Franchise 500 listing.
Ranked #1 Restaurant Franchise Company by Success Magazine in its October 2000 Annual ranking of the top 200 American franchises.
Ranked as one of the top 40 Movers and Shakers by Fast Causual Magazine in its 2007 and 2008 Annual Movers and Shakers listing.
#271 in Franchise 500 for 2020.
About Fire and Rice
Fire & Rice is a fun alternative to your typical catered affair
featuring delicious, freshly cooked paella. Offering a fun and
interactive event by providing customers a complete dinner and a show
experience, paella is prepared right in front of guests and they are
invited to get involved, ask questions and interact with other guests.
We truly bring the party to every event!