My Friend's Place
At a Glance
Products & Services: Sandwiches, salads, desserts, catering
Number of Locations: 19
Total Investment: $173.45K - 312.7K
Founded: 1980
Began Franchising: 1990
Private Owned
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 |
| 2011 | 18 | 0 | 0 | 1 |
| 2010 | 20 | 0 | 0 | 2 |
| 2009 | 22 | 0 | 0 | 1 |
| 2008 | 21 | 0 | 0 | 1 |
Startup Costs, Ongoing Fees and Financing
Total Investment: $173,450 - $312,700
Franchise Fee: $20,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $20,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
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),