| ||||
Updated RecentlyPort Of Subs vs Newk's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Port Of Subs vs Newk's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $214,500 - $397,100 | $971,100 - $1,207,350 |
| Franchise Fee | $18,500 | $40,000 |
| Royalty Fee | 5.5% | 5% |
| Advertising Fee | 1% | 1.5% |
| Year Founded | 1972 | 2004 |
| Year Franchised | 1985 | 2004 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | none |
Business Experience Requirements |
||
| Experience | - | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/Yes | -/Yes |
| Payroll | No/Yes | -/Yes |
Training & Support |
||
| 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. | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | - | Number of Employees Required to Run: 50 |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Port Of Subs
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.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Newk's
Experienced restaurateurs know that the only constant in our industry is change.
Newk's has a flexible menu designed for timeless appeal with three primary components - sandwiches, salads and pizzas. These were chosen to provide maximum adaptability to changing costs, tastes and regional preferences.
Newk's is also a flexible concept adaptable to many venues.
* Pad or commercial sites
* Strip and lifestyle centers
* Urban/downtown locations
* Conversions of existing restaurants
* Enclosed mall/food court locations
* University or office locations
* Airport, train station or other non-traditional locations
The Newk's Express Cafe franchise program is designed for growth; it's designed to provide you and your organization with the guidance, the training and the tools to implement our innovative concept, and to refine and grow for many years to come.
The Newk's Express Cafe strategy is to provide each customer with many ways to enjoy Newk's, and help franchise owners maximize the benefit of each customer relationship.
The Newk's Concept offers:
* Dine-in
* Takeout
* On-site catering
* Retail sales
* Corporate sales programs
Get Growing - with Newk's Express Cafe
If you are looking for a solid business opportunity designed for growth, consider the advantages of the Newk's Express Cafe franchise opportunity:
* A concept validated by industry trends
* Limited menu with unlimited appeal
* A streamlined, efficient operational system
* Flexible menu, adaptable to change in trends and tastes
* Flexible store design/location options
* Long-term, multi-unit franchise focus
* An experienced, respected management team
* Strong training and marketing programs