Newk's vs Cheba Hut Toasted Subs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Newk's vs Cheba Hut Toasted Subs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Newk's Franchise
Cheba Hut Toasted Subs Franchise
Investment $971,100 - $1,207,350$575,900 - $939,700
Franchise Fee $40,000$40,000
Royalty Fee 5%6%
Advertising Fee 1.5%2%
Year Founded 20041998
Year Franchised 20042002
Term Of Agreement --
Term Of Agreement --
Renewal Fee none-


Business Experience Requirements
 
Newk's Franchise
Cheba Hut Toasted Subs Franchise
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).For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process.

Financing Options
 
Newk's Franchise
Cheba Hut Toasted Subs Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/Yes
Start-up Costs -/Yes-/Yes
Equipment -/Yes-/Yes
Inventory -/Yes-/Yes
Receivables -/Yes-/Yes
Payroll -/Yes-/Yes

Training & Support
 
Newk's Franchise
Cheba Hut Toasted Subs Franchise
Training On-The-Job Training: 276 hours Classroom Training: 74 hoursOn-The-Job Training: 84 hours Classroom Training: 84 hours
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening 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 Ad Templates Social media SEO Website development
Operations Number of Employees Required to Run: 50 Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

Expansion Plans
 
Newk's Franchise
Cheba Hut Toasted Subs Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

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

* The ongoing support of a dedicated franchise company

The total investment necessary to begin operation of a Newk's Restaurant franchise is $971,100 to $1,207,350. This includes a $40,000 initial franchise fee that must be paid to the franchisor. The franchisor may offer to enter into an area development agreement to establish and operate a certain number of Newk's Restaurants at specific locations pursuant to individual franchise agreements. The area development fee, which will vary depending upon the number of franchised restaurants to be developed, will be equal to the total of $40,000 for the first Newk's Restaurant plus $20,000 for each additional Newk's Restaurant to be developed. The area development fee will be applied to the initial franchise fees for each applicable Newk's Restaurant.






About Cheba Hut Toasted Subs

Cheba Hut is a "Toasted" sub concept that has been curing munchies since 1998. Our Huts not only tout the best bread in the business, but our foodies "Flip the Bird" to the establishment with our homegrown food, our relaxed environment and our amazing employees; who actually enjoy rollin in our joint.
Over the past 20 years, we have seen steady growth and today our Huts can be found in over 20 locations, across 7 states.
Cheba Hut is the quintessential "anti-Corporation”. Since 1998, we have broken the mold of mundane fast-casual concepts and set ourselves apart by becoming the first cannabis-themed "joint”.
Veteran Incentives  10% off franchise fee