Rank no. 289 – Capriotti’s Sandwich Shop Inc. – US
Products & Services: Submarine sandwiches
Number of Locations: 94
Total Investment: $197K – 427.5K
Began Franchising: 1991
About Capriotti’s Sandwich Shop Inc.
In 1976, Lois and Alan Margolet opened a sandwich shop in Wilmington, Delaware, naming it after their grandfather, Philip Capriotti. To differentiate their store from the competition, they roasted whole fresh turkeys overnight to use in their signature sandwich recipes. In 1991, they began offering franchises to family members, and later to others outside their family. In 2008, they sold the company to an investment group led by Ashley Morris, who had been a Las Vegas area Capriotti’s franchisee since 2004.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000 – $40,000
Ongoing Royalty Fee: 6-7%
Term of Franchise Agreement: Term of agreement not renewable
Net Worth: $300,000
Liquid Cash Available: $175,000
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|