My Friend's Place

At a Glance

Products & Services: Sandwiches, salads, desserts, catering

Number of Locations: 10

Total Investment: $156.7K - $260.4K

Founded: 1980

Began Franchising: 1990

About My Friend's Place

David and Rosalind Katz wanted to start a shoe store, but didn't have the funds to purchase inventory let alone start an entire business. Instead of giving up, the Katzes moved to plan B, opening a sandwich shop in the Atlanta suburb of Sandy Springs in 1980.

My Friend's Place locations specialize in freshly prepared tuna, chicken and egg salad sandwiches. Each shop also offers other sandwich choice, soups, salads and desserts.

Franchise Units

Year U.S. Canadian International Company Owned
2014 10 0 0 0
2013 11 0 0 1
2012 15 0 0 1
2011 18 0 0 1
2010 20 0 0 2
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $156,650 - $260,400
Franchise Fee: $20,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $200,000
Operations
4% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Other marketing support: Local marketing

Franchise Ranking History

Franchise 500®: #395 (2010),

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