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Below is an in-depth analysis and side-by-side comparison of East Coast Subs vs The Submarine Station including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $99,000 - $175,000 | N/A |
Franchise Fee | $12,500 | $8,000 |
Royalty Fee | 6% | $500/mo |
Advertising Fee | 4% | - |
Year Founded | 1991 | - |
Year Franchised | 2008 | - |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | 20% of current franchise 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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |
NO LONGER FRANCHISING
East Coast Subs was opened in Murray, Utah
on November 1, 1991. It was initially set up as an association amongst
Ray and Carla Quintana, a couple. The Murray area is still claimed and
worked by the Quintanas, who together have over 60 years involvement in
the eatery business. An East Coast Subs Franchisee will offer astounding
Philadelphia style subs and other sustenance things. We are best known
for our steak subs, and the best way to truly comprehend is to have one.
When you do you will comprehend why our clients continue returning.
Clients are offered a few assortments of steak subs and different
sandwiches, each of which comes in 2 sizes with 2 sorts of bread to
browse. Sandwiches are made by client's wishes.
As a company grows there are three main methods of growth to choose from: sole proprietorship, joint venture, or franchising. The franchise system is an exciting model because of the common shared interest in the founding company (the Franchisor) and the small business owner (the Franchisee) that both want the system to work. The problem with most franchising models is that a Franchisee is under such stringent restrictions from the Franchisor. Understandably, the Franchisor has a huge interest in protecting the brand. This interest in protecting the brand has inherent drawbacks that now become the Franchisee's issues. A few of these drawbacks are: real estate long-term leasing or purchasing, expensive proprietary equipment, forced product price points, etc. Who pays for this in the end? Well, the Franchisee does. Who looks out for the Franchisee? The Submarine Station will!