Blimpie Franchise
Tuesday, April 27, 2010 at 06:04AM Quick-service sandwich shop
With the help of two friends and $2,500 in borrowed start-up capital, Anthony Conza opened the first Blimpie Subs & Salads location in Hoboken, New Jersey, in 1964. From that first store, Blimpie grew into an international chain with restaurants in malls, shopping centers, convenience stores, colleges, sports arenas, hospitals and sports arenas. Each location serves a variety of hot and cold subs, wraps, salads and soups.
Blimpie International Inc. also owns Pasta Central, Maui Tacos and Smoothie Island. The company is traded on the AMEX under the BLM symbol.
Start-up Costs & Franchises Fees
What is the total cost to open a Blimpie Franchises?
Total Cost: $72,800-$338,200
Total Franchise Fees: $18,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Contact Information for Blimpie
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Blimpie International Inc. |
Phone Number: (770)984-2707 |
Blimpie In the Press
No results at this time.Historical Expansion
In what year did Blimpie begin operations? 1964
When did Blimpie begin selling franchises? 1970
Year United States Canada International Corporate 2004 1438 0 12 9 2003 1575 5 16 0 2002 1699 10 48 0 2001 1897 15 63 0 2000 1934 15 33 0
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
10% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4 - 6
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes