Larry's Giant Subs
Yes, we actively support the inclusion and development of minority-owned franchises in the Larry's Giant Subs system.
Larry's Giant Subs
8616 Baymeadows Rd.
Jacksonville, FL 32256
800#: (800) 358-6870
Tel: (904) 739-2498
Fax: (904) 739-1218
E-mail: bigone@larryssubs.com
Web Site: www.larryssubs.com
Contact: Mr. Mitchell Raikes, Vice President
Upscale submarine sandwich franchise, featuring top-quality foods, such as USDA choice roast beef, oven-roasted turkey, white-meat chicken salad, store décor, custom table tops, laser logo steel chairs and huge ape display.
Franchisor Background
Established: 1982
First Franchise: 1986
Franchise Units: 88
Company-Owned Units: 3
Total Units: 91
Distribution:
> North America -- Operations in 6 States
> States/Provinces with Greatest Density: 53 in FL, 28 in GA, 2 in TX
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 6 FT, 10 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,400 SF; FS, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $25-40K
Total Investment: $110-170K
Average Total Investment: $140K
Minimum Net Worth: $150K
Fees
>Franchise: $19K
>Average Franchise Fee: $17K
>Royalty: 6%
>Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements:Yes/2
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 10
On-Going Support: A,B,C,D,E,F,G,H,I (for an explanation click here)
Training: 30 Days at Corporate Office; 1 - 2 Weeks Franchise Store.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: Southeast
Note: NR = No Response by Franchisor.
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