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Philly Connection
Quick service restaurant and ice cream parlor. "The Cheesesteak Champion" serves fresh, high quality products prepared to order in front of customers. On premises, take out, drive though, delivery. May operate in strip shopping centers, convenience stores, free-standing buildings and "end cap" space. Franchisor helps in site location, lease negotiation, equipment purchasing, grand opening, initial and on-going training, toll free helpline.
Franchisor Background
Year Established: 1984Franchising Since: 1987IFA Member
Operating Units: Franchised Units: 175 99.4% Company-Owned Units: 1 0.6% ______ _____ Total Operating Units: 176 100% Geographic Distribution: U.S.: 176 100% In 7 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 176 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Georgia 68 2. Texas 19 3. Florida 10
Registered in Following Registration States: Florida, Illinois, Indiana, Virginia Financial Requirements
Investment: Minimum Net Worth: $150K Cash Investment: $35-50K Total Investment: $130-198.5K Average Total Investment: $164K Fees: Initial Franchise Fee: $20K Average Franchise Fee: $20K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 4%
Average Number of Employees: 2 Full-time, 10 Part-timeSpace Needs (in square footage): 1,100-1,600Preferred Sites: Strip CenterOther Sites: Encourage Conversions? YesEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: Yes Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 15 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? Yes, Direct 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: Not Applicable Central Purchasing: Not Applicable Field Operation Evaluation: Included in Fees Field Training: Not Applicable Initial Store Opening: Included in Fees Inventory Control: Not Applicable Franchisee Newsletter: Not Applicable Regional or National Meetings: Not Applicable 800 Telephone Hotline: Included in Fees Training: 1. Atlanta, GA 80 Hours
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 4 General Business Experience: 3 Specific Industry Experience: 3 Formal Education: 2 Psychological Profile: 2 Personal Interview(s): 3
Minority Representation
Units Owned by Minorities: African-American: 4 Asian-American: 16 Hispanic: 1 Native American: 0 Other: N/A Specific Minority: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 5 Year(s) Passive Ownership: Allowed, But Discouraged Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? No
Expansion Plans
Projected New Units Over Next 12 months: 40
U.S.: Yes, SE,TX,IL,VA,KY,IN,OH,NJ Only Canada: No Overseas: No
