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Below is an in-depth analysis and side-by-side comparison of Port Of Subs vs the streat including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $214,500 - $397,100 | $160,000 - $260,000 |
Franchise Fee | $18,500 | $50,000 |
Royalty Fee | 5.5% | 6% |
Advertising Fee | 1% | 2% |
Year Founded | 1972 | 1999 |
Year Franchised | 1985 | 1999 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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 | Two people per restaurant are required to successfully complete the Port of Subs®’ training in a Certified Training Restaurant. One person will spend four weeks of training in the restaurant and at the Port of Subs® Corporate Office in Reno, Nevada. The second person will spend two weeks of training in the restaurant. | It's no secret that the main building block of the streat's success has been its commitment to investment in training, which is virtually unique in this sector. This passion for excellence has resulted in the streat being the only franchise ever to win the prestigious UK National Training Award. The business has always been underpinned by quality training which facilitates an effective transfer of knowledge, skills and expertise in a franchise relationship. |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Eatery Ownership Never Tasted So Good
Visitors have been getting a charge out of the considerable taste of Port of Subs®' sandwiches for more than 40 years. In 1972, two siblings from New Jersey opened a humble submarine sandwich shop in Sparks, Nevada called the "Sub Shop". John Larsen, a Public Accountant who had been prompting the Sub Shop proprietors, grabbed the open door and bought the business in 1975. Subsequent to taking control, Larsen supported a group wide challenge to pick another name. In a survey of more than 10,000 challenge passages, Port of Subs® was conceived.
Not at all like a large portion of our opposition, we possess and work a significant number of Port of Subs® eateries speaking to roughly 25% of our chain. This speaks to a speculation of well over $5,500,000. Not at all like our rivals, we have put resources into our own particular eateries since we have confidence in our item and in our framework. After more than 40 years in business and more than 140 eateries open and working, we comprehend franchisees start things out. Our framework is basic; we develop the brand with trustworthiness by enlisting the most qualified franchisees conceivable and working with them to locate the most ideal areas. Since Port of Subs® possesses and works corporate eateries all through the framework, we remain educated about the day by day operations and difficulties eatery administrators confront. We help with demonstrated practices and methods.
In 1999 husband and wife team Michael and Nikki McQuillan opened their first streat cafe in Belfast. Their vision was to develop the streat as the best known and most successful cafe concept to come out of Ireland by delivering consistently great food and coffee with award winning service in contemporary surroundings Since developing their successful formula into a franchise and investing heavily in the business while developing a substantial management team, the streat has rapidly become Ireland's fastest growing Cafe franchise. It is renowned for its fresh food, fabulous coffee and friendly service.
More than a cafe...
Franchisees are developing successful businesses within their streat cafes and growing their businesses beyond the cafe door by creating substantial outside catering and food delivery elements. Franchisees are supported and guided by the franchise support team in this, more than a cafe approach to business development. With 30 Cafe Outlets currently established and more opening, throughout Ireland, the streat is now launching its innovative "more than a cafe" business model into Great Britain and beyond.
Tragically we are not seeking any new franchisees right now however please don't hesitate to round out our establishment enquiry form and we will be glad to contact you amid our next enrollment drive. Meanwhile enjoy the tastes of our present franchises and perhaps ask if any of them are looking to sell. While asking, also ask their thoughts on the franchise to give yourself an insight on whether The Streat is a good choice for your future.