Goodcents is a sandwich and sub shop offering freshly sliced meats, cheeses, house-baked bread, soups, salads, and catering options. The franchise emphasizes fresh ingredients and made-to-order sandwiches.
Key Insights
- Goodcents developed from extensive market research that identified critical gaps in customer satisfaction and service quality, leading to the creation of comprehensive solutions that combine proven business practices with innovative approaches to meet evolving consumer expectations and demands.
- Preparation methods maintain strict food safety protocols and quality standards while accommodating special dietary requirements, allergies, and personal preferences, ensuring that all customers can enjoy safe, delicious meals prepared with care and attention to detail.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of Goodcents gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $328,700 - $464,991, along with a franchise fee of $15,000 - $30,000.
Financial Performance and Revenue
Yearly gross sales of $942,786 and estimated earnings of $113,135 - $141,418 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.6-5.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Goodcents provides comprehensive training for new franchisees. This initial training spans two weeks and is conducted at Goodcents headquarters. The franchisor offers a robust support system, including access to operational manuals and ongoing guidance. Goodcents recommends utilizing provided marketing materials and leverages its established brand recognition.
Legal Considerations
Legal considerations for a Goodcents franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Goodcents-style franchise involves navigating local market dynamics, including existing sandwich shops and delis. Managing daily operations, from food preparation consistency to staffing, requires attention. Additionally, maintaining product quality is tied to reliable access to specific ingredients, influencing inventory and cost considerations.
Franchise Datasheet
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