My Friend's Place vs Tom and Chee Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Friend's Place vs Tom and Chee including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
My Friend's Place Franchise
Tom and Chee Franchise
Investment $156,650 - $260,400$302,700 - $456,000
Franchise Fee $20,000$30,000
Royalty Fee 5%-
Advertising Fee 1%-
Year Founded 19802012
Year Franchised 19802017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Friend's Place Franchise
Tom and Chee Franchise
Experience --

Financing Options

 
My Friend's Place Franchise
Tom and Chee Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
My Friend's Place Franchise
Tom and Chee Franchise
Training 1. Headquarters 12 Business Days

2. Franchisee Site 12 Business Days

-
Support Field Operation Evaluation

Field Training: At Additional Cost

Initial Store Opening

Inventory Control: At Additional Cost

-
Marketing --
Operations Average Number of Employees: 2 Full-time, 2 Part-time

Passive Ownership: Not Allowed

-

Expansion Plans

 
My Friend's Place Franchise
Tom and Chee Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

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 Tom and Chee

"Tom

After expanding to more than 12 locations across seven states,
Tom & Chee is poised for a new era of rapid growth. With a simplified business model, state-of-the-art training and technology, a new menu and restaurant design, and new leadership with over 50+ years in the franchise industry, Tom & Chee is ready to welcome passionate franchisees who want to own a business that brings joy and love to their communities. Here’s why Tom & Chee stands out as a wise sandwich & grilled cheese franchise investment:

Tom & Chee is creating a new category within the sandwich space,” says Roger David, CEO & President of Tom & Chee. “There’s something really special about our brand. We’re changing the game with our sandwich & grilled cheese franchise. It’s new, but also nostalgic. When our customers taste our food they think of Mom. They think of childhood with grilled cheese sandwiches and tomato soup. We have created such a unique menu, with wonderful recipes and food made fresh in-house, and now we have a robust culture of franchise support that is going to take Tom & Chee to the next level. We’re looking for franchisees who are food-centric. If you love food, love people and love community, then you should be a part of a Tom & Chee.”

The estimated initial investment necessary to begin operation of a Tom & Chee Restaurant franchise ranges from $302,700 to $456,000. This includes $30,000 (if this is the first Tom & Chee franchise you have purchased), $15,000 (if this is your second, third or fourth Tom & Chee franchise you have purchased) or $5,000 (if this is your fifth or greater Tom & Chee franchise you have purchased) that must be paid to the franchisor. The estimated initial investment does not include real estate, related improvement costs or tenant improvement allowances.