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Updated RecentlyMy Friend's Place vs Jon Smith Subs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Friend's Place vs Jon Smith Subs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $156,650 - $260,400 | $309,500 - $887,760 |
| Franchise Fee | $20,000 | $39,500 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1% | 3% |
| Year Founded | 1980 | 1988 |
| Year Franchised | 1980 | 2007 |
| Term Of Agreement | - | 20 years |
| Term Of Agreement | - | 20 years |
| Renewal Fee | - | $1K |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing store |
| Support | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost | Purchasing Co-ops 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 National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | No |
| International Expansion | - | Yes |
Company Overviews
About My Friend's Place
A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'
About Jon Smith Subs
Sometimes it seems that everyone sells the “highest quality food at the lowest price.” But saying it doesn’t make it so. I, Jon Smith, am totally committed to providing the best quality food and service for my customers. Look at our food, look at our stores, look at our employees and see our commitment. At Jon Smith Subs, quality is our only deal.
The total investment necessary to begin operation of a Jon Smith Subs
Restaurant is from $309,500 to $615,790. These amounts include $134,500
to $213,790 that you must pay to the franchisor and its affiliates.
The total investment necessary to begin operation of a Jon Smith Subs
Restaurant as a developer under the Multi-Unit Development Agreement is
from $370,500 to $887,760 for five restaurants. These amounts include
$194,500 to $677,290 that you must pay to the franchisor and its
affiliates.