Full Answer
How much does a Primos franchise cost?
What Does a Primo Hoagies Franchise Cost? To buy a franchise with Primo Hoagies, you'll need to have at least $150,000 in liquid capital and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $225,000 - $380,000.
Does Primos make their own rolls?
The Bread: One of the best things about any Primo Hoagie is the bread, which is par-baked from Liscio's Italian Bakery and baked off daily in each of the stores.
How much does it cost to open a Primo Hoagies?
The company charges a franchise fee of $35,000 per location. It also collects an ongoing royalty fee of 6 percent and a 2 percent ad fund charge. The initial investment, including build-out cost and franchising fee, ranges between $165,000 to $296,000 depending on location.
How much does a Primo Hoagies make?
How much does PrimoHoagies in the United States pay? Average PrimoHoagies hourly pay ranges from approximately $9.00 per hour for Host/Hostess to $18.00 per hour for General Manager. The average PrimoHoagies salary ranges from approximately $19,403 per year for Cashier/Stocker to $50,000 per year for Consultant.
What meat does Primo use?
Primo gets some elements of the signature sandwiches right: They're packed with every form of Italian lunch meat, including salami, soppressata, capicola, and prosciutto, and the requisite cheeses (American, provolone, and the obligatory Whiz).
Where does PrimoHoagies get their meat?
They only use Thumann's meats, considered the best cold cuts you can buy. And, as everyone knows: the bread makes the sandwich. And all Primo locations receive their soft, Philly-style bread – make sure you get the seeded rolls — par-baked from Liscio's Italian Bakery that are then baked off fresh daily in the store.
How many primo locations are there?
Primo HoagiesTrade namePrimo HoagiesFounded1992 in South Philadelphia, Philadelphia, Pennsylvania, United StatesFounderRichard NeigreHeadquartersWestville, New Jersey, United StatesNumber of locations88 as of August 25, 202110 more rows
What states have Primo Hoagies?
Headquartered in Westville, New Jersey, PrimoHoagies now has franchise locations open across Delaware, Florida, Maryland, New Jersey, North Carolina, Pennsylvania, and South Carolina.
How much does it cost to franchise PrimoHoagies?
Each location varies, but the total investment in a PrimoHoagies franchise typically ranges from $225,000 to $380,000. This includes everything from the franchise fee to working capital to make sure you have enough funds to pay at least three months of bills and other expenses.
How much does it cost to open a PrimoHoagies franchise?
Our franchise fee for a single unit is $15,000, and we offer a 3-unit development agreement for $40,000. This buys you the exclusive rights to use the PrimoHoagies brand name and business model. This, combined with our consistent franchise design, means opening a successful franchise doesn't break the bank.
What does a PrimoHoagies Franchise Cost?
Our franchise fee for a single unit is $15,000, and we offer a 3-unit development agreement for $40,000. This buys you the exclusive rights to use the PrimoHoagies brand name and business model. This, combined with our consistent franchise design, means opening a successful franchise doesn't break the bank.
How Much Can I Make?
This is probably the most-asked question for any franchise opportunity. It is more important to know how much a franchise can make versus how much it costs to get started. We believe in being transparent with our franchisees right from the beginning, so we let them know exactly what the costs and why they are worth investing in.
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Do PrimoHoagies have multi unit franchises?
Now that you know a little bit about us, we need to learn a little more about you! Reach out to us today, and we can arrange a time for you to tell us more about yourself and why you are looking into a PrimoHoagies franchise for your next investment. We offer multi-unit franchises as well, so we can talk to you more about what it is like to own multiple units in different territories.
Background
Menu you that applies to the entire family. Heavy carryout, delivery, and catering focused. Best year ever was 2020 even during COVID-19. Best hoagies and sandwich you will have.
Company Details
Established: 1992 First Unit Franchised: 2002 Franchised Units: 90 Company Owned Units: 5 States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, West Virginia - WV, Wisconsin - WI, Wyoming - WY Canada Franchises: No International Franchises: No.
Franchises Similar to PrimoHoagies
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How much does a PrimoHoagies franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
What is a primo hoagie?
PrimoHoagies are fast food restaurants that serve a variety of hoagies, cheesesteaks, salads, assorted side dishes and soft drinks.
Are there any PrimoHoagies franchise opportunities near me?
Based on 2020 FDD data, PrimoHoagies has franchise locations in 7 states. The largest region is the Northeast with 74 franchise locations.
What is franchise purchase?
In short, the purchase of a franchise provides you (The Franchisee) the rights to a business model and its trademarks for a period of time, in a defined territory, in exchange you provide the Franchisor (entity that sold you the franchise) Royalties and other fees for the term of the agreement for ongoing support.
Why can’t franchises tell you how much money you’ll make?
The intention of this restriction is to protect you, the franchise buyer. franchisors can choose to provide financial representations about their business in their FDD, which is based on past financial performance of corporate and/or franchise units. It is important to note that most FDD's are updated once a year (typically before the end of April of each year) and if a franchisor decides to make a financial representation in their disclosure document it will typically show financial data from the prior year.
Where do I find a franchises financial representations?
The FTC requires all franchisors to provide an FDD on their offering during the franchise buying process. If you'd like an FDD on any of our brands just ask us.
What is a franchise disclosure document?
Instead they can provide and reference data that they provide you in a standard format - called a Franchise Disclosure Document (FDD). This document discloses important nuanced information on the franchise offer. To learn more about FDD's read our guide to the Franchise Disclosure Document.
What is the job of a franchise owner?
Your job as a potential franchise owner is to take that data and build your own financial projections while talking to other professionals ( franchise attorneys, accountants, and family / friends / advisors with related business experience). It is also recommended that you try to obtain financial information from current and former franchisees - you can find their names and contact information in Item 20 and Exhibits in the FDD.
How long does it take to review a franchise?
It is important for you as the buyer to review a brand in a non-biased way, which is why the FTC requires that you spend at least 14 days reviewing the brand's FDD.
Does buying a franchise guarantee you will run a profitable business?
At the end of the day, you are a business owner running another brand's playbook that has the potential to fail or to succeed. Buying a franchise does not guarantee that you will run a profitable business, generate the same revenue, or incur the same expenses.
How much do food franchises make?
They assume food franchise owners are the biggest moneymakers, but according to a Franchise Business Review report, 51.5 percent of food franchises earn profits of less than $50,000 a year and only about 7 percent of food franchises have profits over $250,000.
How much does a cleaning franchise cost?
This model is not to be confused with buying cleaning contracts which is a totally different model with a much smaller investment. Also not to be confused with a MASTER cleaning franchise which is more about selling franchise contracts. A master cleaning franchise is a great business for people with sales experience, and the average gross for a cleaning master franchise is $2,800,000, top earners at $5,800,000 . A master cleaning franchise will have an investment range of between $240k and $400k.
Why do we call Franchise City?
Smart investors call Franchise City because we have all the data on file. But more importantly, not everyone has the skills or background to successfully operate a senior care or staffing franchise. If you are a bad fit, even with the top franchises, you will not make money. A Taco Bell will have people walking in and buying a taco, but it doesn't really matter if you have no business skills, or are not a good communicator. With senior care, staffing and service-based businesses in general the owner is driving that business forward and they need to have specific skills in order to succeed. We provide a detailed skills assessment to all our clients as part of our free service.
What is the highest grossing franchise on QSR50?
The single highest grossing food franchise on the QSR50 is Chick-fil-A. An average Chick-fil-A generates 4.16 million dollars annually and your investment is only $10,000. But keep in mind that Chick-fil-A has a very different franchise model than other franchises and owners do not receive a traditional revenue split, or even ownership of the store. You'll earn a solid six figures, have limited risk, be part of a solid organization with traditional values but you do not own the store or gain any equity.
How much does it cost to buy a McDonald's?
Buying a Mcdonald's will cost you between $1,263,000 to $2,235,000 not including your real estate. Many people think these numbers include real estate, they do not.
Do franchises track net revenue?
Franchises collect royalties on gross earnings, so they typically don't track the net. We help our clients gather the net numbers to make a more informed decision.
Do food franchises have 20% margins?
There are some food franchises that do have 20% margins or higher, but you have to know where to look. ( Contact Franchise City for details) Multi unit owners can do very well but a single unit, unless you have a great location, is not going to generate a lot of money. Let's look at other industries to compare, ...
How much can I make owning a franchise?
How much can you make owning a business or franchise? This is the age-old question. Everyone wants to know how much money they can make when they start a business or join a franchise system. However, there is no tried and true method for determining profitability of any business.
Franchise advantages
With a franchise, you have many advantages including the Franchise Disclosure Document (FDD). The franchisor and franchise consultant are, by law, not permitted to promise you any guarantee of income or sales. But you can look at the FDD and if there is an Item 19 disclosure you may see some average sales of franchisees.
Happy Franchisees are Successful
The beauty of a franchise system is the ability for you to call existing franchisees and ask them about their experiences with the franchise. Find out if the franchisees are happy in what they are doing and with the franchise in general. You can bet that happy franchisees are successful.
Talking with Franchisees
In addition, when you get to the point in your discovery process, where you are talking with franchisees you can ask to talk with franchisees in tiers. Ask to talk with two high-performers, four mid-performers, and two low-performers. Franchises with more than 50 franchisees should be able to accommodate you.
Contact Trish for more information and to assist you in your search for the perfect franchise fit
If you are looking for a franchise or business where you can control your destiny, contact Trish. Set up a discovery call here or by filling out the contact form.
What are you waiting for?
Trish Benedik owner of Select Franchise Consulting will help narrow your options and find the franchise that is the right fit for you saving you time and frustration. Our consultation will help you make an informed decision. There are thousands of options in franchising, find the one that is a good fit for your business and lifestyle goals.
