Mr. Goodcents Franchise
Sunday, January 31, 2010 at 12:20AM Quick-service submarine sandwiches and pasta
Joseph Bisogno started out running a lemonade stand when he was 6, bought an ice cream truck at 18 and later purchased a gas station. In 1988, Bisogno started Mr. Goodcents Inc. after nearly 10 years of experience with the McDonald's Corp.
The first Mr. Goodcents franchised location opened just 2 years later, and there are now more than 115 franchised restaurants nationwide. The locations offer dine-in, carry-out and delivery of salads, soup, pastas and submarine sandwiches ranging from traditional turkey, ham and cheese or meatball, to specialties like the Mr. Goodcents Combo, which features ham, bologna, salami and pepperoni.
Start-up Costs & Franchises Fees
What is the total cost to open a Mr. Goodcents Franchises?
Total Cost: $163,150-$274,200
Total Franchise Fees: $20,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: 3.5%
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 60% of current fee
Contact Information for Mr. Goodcents
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Mr. Goodcents Franchise Systems Inc. |
Phone Number: (913)583-8400 |
Mr. Goodcents In the Press
No results at this time.Historical Expansion
In what year did Mr. Goodcents begin operations? 1988
When did Mr. Goodcents begin selling franchises? 1990
Year United States Canada International Corporate 2005 121 0 0 1 2004 126 0 0 3 2003 161 0 0 4 2002 119 0 0 3 2001 112 0 0 10
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Training
1 workbook, on own
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
Franchise Operation Restrictions
Franchise business owners required to buy multiple units/master licenses; 30% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 10
Absentee ownership of franchise is allowed.
Qualifications & Business Experience
Business Experience:
Industry experience General business experience Sales & marketing experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
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