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Key Insights
- Miami Subs was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Menu preparation emphasizes fresh, high-quality ingredients sourced from reliable suppliers, with made-to-order customization options that accommodate diverse dietary preferences, allergies, and nutritional requirements while maintaining consistent taste profiles and presentation standards across all locations.
- Demographic shifts create new customer segments with distinct needs and service preferences, requiring businesses to adapt their offerings while maintaining core quality standards, creating opportunities for growth through market diversification and specialized service development.
Franchise Fee and Costs to Open
Exploring the financial picture of Miami Subs 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 $267,000 - $458,000, along with a franchise fee of $30,000 - $30,000.
Financial Performance and Revenue
Training and Resources
Miami Subs provides comprehensive training for new franchisees. Initial training, lasting two weeks, takes place at the Miami Subs corporate headquarters. This program offers in-depth instruction on operational procedures and brand standards. Miami Subs also provides a robust package of resources to support franchisee success.
Legal Considerations
Legal considerations for a Miami Subs 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 new franchisee might encounter challenges related to intense local market competition, requiring a strong understanding of customer preferences. The operational complexity of managing staff, inventory, and maintaining brand standards presents an ongoing consideration. Dependence on specific supply chains for core ingredients also necessitates careful planning to ensure consistent availability and quality.
Franchise Datasheet
FAQs
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