GoodCents Franchise Analysis
GoodCents is graded based on our most recent FDD research!
Franchise Information
What are the requirements to buy an GoodCents franchise?
GoodCents has a franchise fee of up to $30,000, with a total upfront investment range of $243,500 to $362,750.
- Initial Franchise Fee: $30,000
- Total Investment: $243,500 to $362,750
- Working Capital: $20,000 to $30,000
- Royalty Fee: 6.0%
The upfront investment of any franchised business includes multiple fees. Explore this investment opportunity to better understand the specific costs required to buy an GoodCents, such as territory fees, real estate costs, pre-opening, advertising, and furniture and fixtures purchases.
Can you Afford a GoodCents Franchise. Complete our Affordability Calculator to find out!
How much does an GoodCents franchisee make?
As with any new business, there needs to be a good return on your investment and profit potential. The specific franchisee's salary and the earnings from an GoodCents business depends on a lot of different factors. One way to confirm the potential revenues or profits earned from a GoodCents franchise investment is to review the franchisor's Item 19 within their FDD. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchisors that we research and study will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as overall systemwide sales. This type of information is not always helpful to determine profits for you directly. So review average sales data with caution. As a general rule, usually earnings and owner's salary are equitable to the overall size of the initial investment. The larger the initial investment, the larger return you should anticipate. Another determining factor to profitability is based on the number of locations you buy. If you buy multiple units (usually defined as Area Development Agreements), you can anticipate that as you open the next unit, you will generate more revenue and profits overall. Demand for your products, the labor costs in your state, commercial lease rates and several other variables are important factors in determining your bottom line and your personal salary. Your financial success are linked to GoodCents's success. Your profits and owner's salary is not just dependent on how well your own location operates, you need to analyze how well the entire franchise system is performing. Determine how the franchisor earns income and review their financial statements.
For more details and franchise specific on the earnings of an GoodCents franchised business, unlock this franchise opportunity
How many franchise outlets do they operate?
As of the 2020 Franchise Disclosure Document, there are 70 franchised GoodCents locations throughout the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any GoodCents franchise opportunities in my preferred location?
Based on 2020 FDD research, GoodCents has franchise locations in 8 states.
Based on the data collected this franchise is expanding into new states and could be available near you.
One of our advisors will have detailed knowledge about this brand. Unlock to learn more and talk with our advisors.
Last Reviewed: 2020
Sector: Quick Service Restaurants
Category: Subs, Sandwiches, Soups and Salads
GoodCents Franchise INFORMATION
10 Years
10 Years
79
70
6.0%
3.5%
ADDITIONAL QUESTIONS
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 223 hours. This includes 8 hours of classroom training, 215 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 215 |
| Classroom | 8 |
| Total | 223 |
Do they offer Territory Rights?
GoodCents does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.
Do they have computer and technology support in place?
Yes, GoodCents offers comprehensive support for franchisees. Unlock this franchise to find out more.
How long ago did GoodCents begin franchising?
They began franchising in 1991. The average Subs, Sandwiches, Soups and Salads franchise began franchising in 2005.
Do they offer lending support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this opportunity for instant access to our research reports, including:
- Growth projections
- Turnover projections
- Financial details
- Initial and renewal terms
- Royalties and advertising fees
- Key Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee earnings?
- Does this brand provide Veteran or First Responder discounts?
- Does this brand use public figures to promote their franchise?
- Does this brand disclose any bankruptcies?
- Is this franchise related with any other franchise brands or private equity investment groups?
- How many new locations have they sold over the last 5 years?
- How many franchised locations have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated over the last 5 years?
- Does this brand operate any company or affiliate owned locations?
- How many years is their initial and renewal term lengths?
- Does this brand have any lawsuits?
- How long has the franchisor been in business?
- Are they expanding internationally?
- How are the royalty, advertising and marketing funds administered and managed by the franchisor?
- What are the territory protections the franchisor provides you?
- What is the role of technology in the operation of the franchise?
- Why has new franchise outlet growth been so high?
- What are the financial requirements to be approved as a franchisee in this brand?
- Are you required to work as an owner-operator or is this a passive franchise opportunity?
- Does this brand provide multi-unit discounts for buying more than one outlet?