Business Description

Upscale submarine sandwich franchise, featuring top-quality foods, such as USDA choice roast beef, oven-roasted turkey, white-meat chicken salad, store decor, custom table tops, laser logo steel chairs and huge ape display.

Franchisor Background

Year Established:  1982

Franchising Since:  1986

Operating Units:
Franchised Units:	88	96.7%
Company-Owned Units:	3	3.3%
Total Operating Units:	91	100.0%
Minority Representation Units Owned by Minorities: African-American: 0 Asian-American: 0 Hispanic: 0 Native American: 0 Other: 0 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.
Geographic Distribution: U.S.: 91 100% In 6 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 91 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Texas	2
2. Georgia	28
3. Florida	53

Registered in Following Registration States: Florida

Financial Requirements

Investment:
Minimum Net Worth:	$150K
Cash Investment:	$25-40K
Total Investment:	$110-170K
Average Total Investment:	$140K
Fees:
Initial Franchise Fee:	$19K
Average Franchise Fee:	$17K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	2%

Average Number of Employees: 6 Full-time, 10 Part-time

Space Needs (in square footage): 1,400

Preferred Sites: Free-standing Building, Strip Center

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	3
General Business Experience:	3
Specific Industry Experience:	3
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	10
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate Office	30 Days
2. Franchise Store	1-2 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 15 U.S.: Yes, Southeast Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Larry's Giant Subs.