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Tubby's Sub Shops

Deli-style and grilled-to-perfection submarine sandwiches, along with soups, healthy salads, various side items, including fries and freshly-baked desserts and bread.

Franchisor Background

Year Established:

1968

Franchising Since:

1978

Operating Units:
Franchised Units:	70	97.2%
Company-Owned Units:	2	2.8%
	______	_____
Total Operating Units:	72	100%

Geographic Distribution:
U.S.:	72	100%	In 2 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	72	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Michigan	86
2. Florida	1

Registered in Following Registration States:

Florida, Michigan

Financial Requirements

Investment:
Minimum Net Worth:	$500K
Cash Investment:	$75K
Total Investment:	$50-150K
Average Total Investment:	$100K

Fees:
Initial Franchise Fee:	$12.5-15K
Average Franchise Fee:	$13K
On-Going Royalty:	6%or $200/Wk.
Average Royalty:	6%
Advertising Fee:	4%/$150/Wk.

Average Number of Employees:

2-4 Full-time, 3-5 Part-time

Space Needs (in square footage):

1,200-1,500

Preferred Sites:

Free-standing Building, Strip Center

Other Sites:

Gas Stat.

Encourage Conversions?

Yes

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	15
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	No
Financial Assistance?	Yes, Indirect

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:	At Additional Cost
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Not Applicable
800 Telephone Hotline:	Included in Fees

Training:
1. Clinton Township, MI	3 Weeks/120 Hours

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	5
General Business Experience:	3
Specific Industry Experience:	2
Formal Education:	2
Psychological Profile:	3
Personal Interview(s):	4

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
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
Area Development Agreements?	Yes, for 0 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, Michigan Only
Canada:	No
Overseas:	No

Franchisor Background

Year Established:

Franchising Since:

Operating Units:

Geographic Distribution:

North America: