Larry's Giant Subs
Larry's Giant Subs
8616 Baymeadows Rd.
Jacksonville, FL 32256
800#: (800) 358-6870
Tel: (904) 739-2498
Fax: (904) 739-1218
E-Mail: [email protected]
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 d�cor, 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:
U.S. -- 91;
Canada -- 0;
International -- 0
-North America -- Operations in 6 States
-States/Provinces with Greatest Density: 53 in FL, 28 in GA, 2 in TX
Projected New Units Over Next 12 months: 15
Franchisee Qualifications: 3, 3, 3, 3, 3, 5
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Registered in Following Registration States: FL (Click here for an explanation)
Average Number of Employees: 6 FT, 10 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,400 SF; FS, SC
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $25-40K
Total Investment: $110-170K
Average Total Investment: $140.0K
Minimum Net Worth: $150K
Fees:
-Franchise: $19K
-Average Franchise Fee: $17.0K
-Royalty: 6%
-Average Royalty: 6.0%
-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
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 10
On-Going Support: A,B,C,D,E,F,G,H,I (Click here for an explanation)
Training: 30 Days at Corporate Office; 1 - 2 Weeks Franchise Store.
Franchisor's Specific Expansion Plans
U.S.: Southeast
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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