Newk's Express Cafe

At a Glance

Products & Services: Sandwiches, salads, soups, pizzas, desserts

Number of Locations: 43

Total Investment: $752K - $1.1M

Founded: 2004

Began Franchising: 2005

Franchise Units

Year U.S. Canadian International Company Owned
2011 36 0 0 7
2010 25 0 0 5
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $752,000 - $1,054,000
Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $600,000
Operations
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 50. Absentee ownership of franchise is NOT allowed. (70% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 6 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Ad slicks, Regional advertising,