Franchise Info Overview
Hungry for the possibility of being your own boss?
Ready to “Dig In” to a tasty concept!
Geared up to hit the Mother Lode?
Silver Mine Subs® goes beyond the standard sandwich shop. Our mining mentality and “silver” delivery service until 3 am make us the most convenient choice for hungry prospectors. Our dedicated franchise team promises entrepreneurs a proven concept with the individualized franchisee attention not often afforded by others. Our product, store atmosphere and people work in concert to provide the perfect food for our customer’s lifestyles. Silver Mine Subs® delivers not just food, but an experience.
Our locations in six states (and growing!) serve over a thousand customers per location per week. You maximize your customer base because unlike other concepts, we go beyond the standard model by delivering great taste directly to the mouths of hungry customers, and we offer healthy food options well beyond the standard dinner hour.
Get your share of the silver dust! Contact us to learn more about opening your Silver Mine Subs® franchised location!
When you join the Silver Mine Subs® system, you become a part of growing brand with proven operational success. Silver Mine Subs® offers high quality products along with a program that is so good, you do not need restaurant or food experience to succeed.
Training & Support
Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs® franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters.
- Valuable Training and Support:
- During your three-week training course in Fort Collins, Colorado, you’ll learn what you need to know to successfully run a Silver Mine Subs® franchised location.
- We start with the basics – however, that is just the beginning. You’ll also learn to:
- Choose a location
- Hire and Train Staff
- Schedule Staff
- Order Food and Supplies
- Provide "Legendary" customer service
- Keep your location clean and neat
- Follow protocols for inventory and audits
- And, of course, make a return on your investment!
- Marketing and Advertising Support:
- Silver Mine Subs® takes care of your marketing and advertising needs for you. We will provide your location with local store marketing programs, product promotion programs and the right media plan and support materials necessary to make your franchised restaurant location a success.
- Ongoing Training Support:
- You will be assigned a franchise business consultant who will work with you throughout your term as a Silver Mine Subs® franchisee.
- Quarterly Newsletters are always a source of educational and motivational content.
- Annual franchisee convention
- Focused field visitations, utilizing our proprietary POS technology. You will always know where you stand operationally.
Investment
Your complete investment will depend on your location, restaurant size, and the extent of renovation required. Additional capital requirements are provided in our complete franchise brochure.
Capital Requirements
The cost of opening each new Silver Mine Subs® franchised restaurant will vary depending on the size of the leased space, equipment costs, leasehold improvements, utility deposits, and other various costs that will be influenced or determined by the geographic location of the restaurant. Actual cash requirements will fluctuate based upon the net worth and credit worthiness of each individual applicant. (See item 7 in Silver Mine Subs® UFOC for further details. All estimated funds are expressed in U.S. dollars.)
| Single Location | Five Unit Location Development | |
| Franchise Fee (Single Location) |
$20,000 | $75,000 ($15,000 per store with first store paid in full and half of the remaining stores paid at the time of executing the development agreement. remaining franchise fee to be paid upon the execution of each individual franchise agreement) |
| Initial Inventory | $2,000 to $4,000 | $2,000 to $4,000 |
| Architecture and Design | $5,000 to $7,500 | $5,000 to $7,500 |
| Real Estate / Rent | $1,500 to $4,000 (per month) |
$1,500 to $4,000 (per month) |
| Real Estate Security Deposit | $1,500 to $4,000 | $1,500 to $4,000 |
| Utility Deposit (Gas, Electric, Phone) |
$0 to $2,000 | $0 to $2,000 |
| Leasehold Improvements | $50,000 to $85,000 | $50,000 to $85,000 |
| Furniture / Signage / Decor | $10,000 to $25,000 | $10,000 to $25,000 |
| Equipment / Smallwares* | $45,000 to $65,000 | $45,000 to $65,000 |
| POS System | $22,500 to $25,000 | $22,500 to $25,000 |
| Insurance | $2,500 to $10,000 | $2,500 to $10,000 |
| Training (2 people food and lodging - 3 weeks) |
$3,000 to $7,500 | $3,000 to $7,500 |
| Grand Opening | $3,500 | $3,500 |
| Additional Funds (working capital) |
$30,000 to $50,000
|
$30,000 to $50,000
|
| Approximate Totals | $197,000 to $313,000 | $225,500 to $344,000 |
| Royalty Fee: | 6% of Gross Sales | Excluding the initial development franchise fee, these approximate expenses will be incurred for each location developed, plus the balance of the franchise ($7,500) for each executed franchise agreement. |
| Advertising Fee: | 4% (National and Local Contribution) Deposited via Ach to SMSFI Ad Fund | |
| Term: | Ten (10) Years | |
| Renewal: | One Ten-Year (10) Term |