Not Ranked

Initial Investment

LOW: $156,650
HIGH: $260,400

Change in Units

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Company Profile

Founded

1980

Franchising Since

1990 (26 Years)

Corporate Address

P.O. Box 681896 Marietta, GA 30068

CEO

David Katz

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.

Financials

Financial Requirements

Initial Investment

$156,650 - $260,400

Net-worth Requirement

$200,000

Ongoing Fees

Initial Franchise Fee

$20,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

1%

Franchise 500® Rank History

  • 2010 - 395

* Not all years were ranked

Units (Locations)

Operations & Franchisor Support

Training Onsite: 2 weeks

Training at headquarters: 2 weeks

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Number of employees required to run: 5

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: May 28th, 2014

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