Mr. Submarine

Founded: 1968 Franchising since: 1971

4576 Yonge St., #600 Toronto, Ontario M2N 6P1

Phone: (416)225-5545

Franchisor is a privately-held company with 42 employee(s); 7 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2005	0	488	0	1

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.
Territory size: 2-mile radius

Total investment: $200K Franchise fee: $15K

Ongoing royalty fee: 6% Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): chartered banks

Qualifications
Cash liquidity requirement: $60K
Business Experience:

• Industry experience
• General business experience
• Marketing skills
• Good interpersonal skills

Operations

• 15% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 6
• Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: 1 week+

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Co-op advertising
• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#132 (2006);

America's Top Global Franchises:
#151 (2006);