Ike's Love and Sandwiches is a quick-serve restaurant specializing in meat and vegetarian sandwiches. The franchise serves a variety of sandwiches and beverages in a casual dining setting.
Key Insights
- Ike's Love and Sandwiches originated from founders understanding that customers deserved significantly better options than what was currently available in the marketplace, leading to development of comprehensive service solutions that prioritize quality, reliability, and exceptional customer experiences.
- Client relationships develop through responsive communication, reliable service delivery, and consistent achievement of promised outcomes, building trust and satisfaction that leads to repeat business and positive referrals while maintaining professional standards and accountability.
- The market demonstrates consistent growth driven by demographic changes, evolving consumer expectations, and increased awareness of service quality, creating opportunities for businesses that can adapt to changing needs while maintaining high standards of professional service delivery and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Ike's Love and Sandwiches 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 $141,300 - $614,000, along with a franchise fee of $80,000 - $80,000.
Financial Performance and Revenue
Yearly gross sales of $474,516 and estimated earnings of $47,452 - $56,942 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 7.7-9.7 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
GARAGE UP provides comprehensive training for new franchisees. This initial training, lasting two weeks, occurs at GARAGE UP's corporate headquarters. The franchisor offers extensive resources covering operational procedures and brand standards. GARAGE UP recommends utilizing these materials to foster a successful business launch and ongoing growth within the GARAGE UP network.
Legal Considerations
Legal considerations for a Ike's Love and Sandwiches 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
A franchisee might encounter considerations regarding local market saturation for garage services, potentially influencing customer acquisition. The operational complexity of managing installation schedules and coordinating skilled labor requires attention. Reliance on specific suppliers for materials and equipment also presents a factor to navigate for consistent service delivery.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Ike's Love and Sandwiches franchise?
How can I estimate the profitability and return on investment (ROI) of a Ike's Love and Sandwiches franchise?
What is the franchisee fee for a Ike's Love and Sandwiches franchise?
How to open a Ike's Love and Sandwiches franchise?
How many locations does Ike's Love and Sandwiches have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
