FREE Franchise Guide!
Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$932K - $1.1M
Units as of 2019
124 Increase 21.6% over 3 years

Company Overview

About Newk's Eatery

Industry Food
Related Categories Miscellaneous Quick-Service Restaurants, Miscellaneous Sandwiches
Founded 2004
Parent Company Newk's Eatery
Leadership Chris Newcomb, CEO
Corporate Address 2680 Crane Ridge Dr.
Jackson, MS 39216
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 2005 (19 years)
# of employees at HQ 54
Where seeking

This company is offering new franchises throughout the US.

# of Units 124 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a Newk's Eatery 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
$40,000
Initial Investment Information Circle
$932,000 - $1,131,000
Net Worth Requirement Information Circle
$3,000,000
Cash Requirement Information Circle
$1,500,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
1.5%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

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 Newk's Eatery 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 276 hours
Classroom Training 74 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 50
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where Newk's Eatery landed on this year's Franchise 500 Ranking versus previous years.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Newk's Eatery.

Schlotzsky's

description
Sandwiches, pizza, soups, salads

McAlister's Deli

description
Sandwiches, salads, baked potatoes

UPS Store, The

description
Shipping, packing, mailboxes, printing, faxing, shredding, notary services

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Management

5 Strategies for Dealing with High Employee Turnover

High turnover can also lead to decreased morale among remaining staff, inconsistency in service quality and, ultimately, a negative impact on the bottom line.

Franchise

From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands

From Dunkin' and Ben Affleck to Jersey Mike's with Danny DeVito and Whataburger partnering with Patrick Mahomes, explore how these celebrity endorsements connect with communities and elevate brand recognition.

Franchise

This Entrepreneur Is on a Mission to Eradicate Generational Poverty in the Black Community — And She's Using Franchising to Do It.

Tarji Cater and her organization, The Franchise Player, provide education, opportunities and resources to the Black community, aiming to eradicate generational poverty and build wealth through franchising.

Franchise

What Is the "Hottest" Franchise to Buy?

There has to be a "best" franchise and a "hottest" industry, right? Well, sorry, there is not. Franchise expert Tim Parmeter explains why.

Franchise

The Top 15 Low-Cost Franchises for Under $25,000 in 2024

Looking for an inexpensive franchise to open? Explore the best franchises under $25k, according to the 2024 Franchise 500 Ranking.

Franchise

McDonald's Dives Into Anime Craze — And Flips Its Golden Arches— with WcDonald's Event

McDonald's celebrates anime culture with "WcDonalds," a unique, limited-time event featuring custom manga packaging and themed menu items.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022