
Goodcents
Subs, pastas, meals-to-go- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$334K - $500K
- Units as of 2022
-
64 12% over 3 years
Company Overview
Joseph Bisogno, founder and chairman of the board of Goodcents, started his entrepreneurial journey running a lemonade stand at age 6, purchased an ice cream truck at 18, and later bought a gas station and used car lot–with a dream to one day own his own restaurant. After 10 years’ experience with the McDonald’s Corp., he started Mr. Goodcents Subs and Pastas in Lenexa, Kansas, in 1989.
Now known simply as Goodcents, the franchise is headquartered in De Soto, Kansas, and has more than 60 locations across nine states. The restaurants offer online ordering, dine-in, carry-out, drive-thru, and delivery of sub sandwiches, soup, and to-go meals.
About Goodcents
- Industry
- Food
- Related Categories
- Submarine Sandwiches, Sandwiches
- Founded
- 1989
- Parent Company
- Mr. Goodcents Franchise Systems Inc.
- Leadership
- Jami Bond, VP of Franchise Development
- Corporate Address
-
8997 Commerce Dr.
De Soto, KS 66018
Business Overview
- Franchising Since
- 1991 (2023-1991 years)
- # of employees at HQ
- 24
- Where seeking
-
This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Wisconsin, West Virginia, Wyoming
- # of Units
- 64 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Goodcents franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $30,000
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Initial Investment
Information Circle - $333,550 - $499,700
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Net Worth Requirement
Information Circle - $200,000 - $250,000
-
Cash Requirement
Information Circle - $50,000 - $100,000
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Veteran Incentives
Information Circle - $5,000 off franchise fee
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Royalty Fee
Information Circle - 6%
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Ad Royalty Fee
Information Circle - 3.5%
-
Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Goodcents has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 200-400 hours
- Classroom Training
- 30-40 hours
- Ongoing Support
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Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
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Can this franchise be run from home/mobile unit?
Information Circle - No
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Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 10
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Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Goodcents? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Goodcents landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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