Mr. Hero Restaurants
At a Glance
Products & Services: Specialty sandwiches & fast food
Number of Locations:
Total Investment: $113K - 305K
Founded: 1965
Began Franchising: 1970
Private Owned
Startup Costs, Ongoing Fees and Financing
Total Investment: $113,000 - $305,000
Franchise Fee: $18,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $18,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $150,000 - $250,000
Liquid Cash Available: $30,000 - $75,000
Operations
15-20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 4 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,