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Goodcents Deli Fresh Subs Franchise ProfileRestaurant Franchises > Quick-Service Restaurants |
To open a Goodcents Deli Fresh Subs franchise, you should prepare for a range of initial investments between $60,000 and $514,850. This includes a franchise fee of $30,000. It's essential to have cash on hand ranging from $327,800 to $514,850, along with a net worth requirement of $500,000 to $1,000,000. Understanding these financial commitments is crucial for aspiring franchisees to ensure they are financially equipped to start their journey.
Franchisees of Goodcents Deli Fresh Subs are subject to ongoing royalty fees of 6% and a marketing fee of 3%. The average annual revenue per unit is approximately $1,031,954, with a median of $626,132. The lowest annual revenue recorded is $259,119, while the highest reaches $1,412,331. These figures highlight the potential profitability of the franchise, but it’s important to consider the ongoing fees when evaluating overall financial performance.
One of the appealing aspects of a Goodcents Deli Fresh Subs franchise is the swift breakeven time, which is typically around 12 months. This means that franchisees can expect to recover their initial investment within the first year of operation. Additionally, the investment payback period aligns with the breakeven timeline, providing a clear indication of the franchise's financial viability and the potential for early returns on investment.
As of 2023, Goodcents Deli Fresh Subs operates a total of 64 franchised units, with one corporate unit. The franchise has seen slight fluctuations in unit count over the past few years, with 63 units in 2021, increasing to 65 in 2022, and then stabilizing at 64 in 2023. This growth trajectory reflects the brand's stability and potential for expansion, making it an interesting opportunity for prospective franchisees.
Goodcents Deli Fresh Subs Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Goodcents Deli Fresh Subs Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 63 | 65 | 64 |
Net Change YoY | +2 | -1 | |
Franchised Units | 63 | 65 | 64 |
Net Change YoY | +2 | -1 | |
Corporate Units | 0 | 1 | 1 |
Net Change YoY | +1 | 0 |
Goodcents Deli Fresh Subs offers a compelling investment opportunity for aspiring franchisees. The initial investment ranges from $60,000 to $514,850, with a franchise fee of $30,000. Franchisees should be prepared for a cash requirement between $327,800 and $514,850, and a net worth of $500,000 to $1,000,000 to qualify for ownership.
On average, Goodcents Deli Fresh Subs units generate an impressive annual revenue of approximately $1,031,954, with a median revenue of $626,132. The revenue figures showcase the brand's strong market presence and the potential for franchisees to achieve significant financial returns. The highest annual revenue recorded is $1,412,331, indicating the peak performance possible within the system.
Franchisees are required to pay a royalty fee of 6% of gross sales, along with a marketing fee of 3%. These fees are essential for maintaining brand standards and supporting marketing initiatives that drive customer traffic and brand recognition. By investing in these areas, franchisees can enhance their profitability and market reach.
Goodcents Deli Fresh Subs has established a breakeven time of just 12 months, allowing franchisees to recoup their initial investment quickly. The average EBITDA margin stands at 10.62%, reflecting the brand's operational efficiency and profitability potential. Franchisees can expect a solid return on investment within the first year of operation.
The franchise system has shown steady growth, with 63 franchised units in 2021, increasing to 65 in 2022, before stabilizing at 64 in 2023. This consistency indicates a stable brand presence and the ability to maintain franchisee satisfaction, which is crucial for long-term success in the competitive food service sector.
Goodcents Deli Fresh Subs provides comprehensive support to its franchisees, including training, operational guidance, and marketing resources. This support structure is designed to help franchisees navigate the challenges of running a business while maximizing their potential for success. With a focus on collaboration and growth, franchisees can rely on the corporate team to assist them in achieving their business goals.
Frequently Asked Questions
The initial investment for a Goodcents Deli Fresh Subs franchise ranges from $60,000 to $514,850, which includes the franchise fee and other startup costs.