Are you searching for a no-frills sub sandwich model to franchise? I’d wish to introduce you to Blimpie, a sub sandwich chain that’s been within the enterprise for greater than 50 years. Their menu is straightforward: subs, wraps, grilled paninis, and salads. Don’t let the simplicity of this chain idiot you although. Blimpie surviving all the opposite sub sandwich rivals to at the present time is a testomony that easy may be the best way to do enterprise round right here.
How a lot does it price to open Blimpie? Blimpie is searching for franchisees with a liquid capital of $125,000 and a minimal web value of $250,000. The estimated preliminary funding vary is $74,780 to $524,325 and the preliminary franchise charge from $11,900 to $19,900.
Be taught extra about franchising Blimpie right here as I breakdown the small print about their monetary necessities and costs, what to anticipate as an operator of this sandwich chain. Take our 7-minute franchise quiz to search out out if that is one of the best match for you.
Monetary Necessities and Charges
These are the charges and monetary necessities to count on if you franchise with Blimpie:
| Charges / Bills | Monetary Quantity |
| Liquid Capital | $ 125,000 |
| Web Price | $ 250,000 |
| Complete Funding | $ 74,780 to $ 524,325 |
| Franchise Price | $ 11,900 to $ 19,900 |
Blimpie provides you many choices if you franchise with them. These choices vary from opening a conventional restaurant, a non-traditional one which is eating places you see in airports or school campuses or an specific restaurant just like a small retailer or kiosk that may match into smaller retail areas like a mall.
The kind of Blimpie restaurant you wish to function will decide the overall funding. A conventional restaurant is estimated to have an funding vary of $232,770 to $524,325 whereas a non-traditional one will vary from $74,780 to $335,700.
Different bills to count on are Blimpie’s royalty charges that are 6% and their advert royalty charge which is 4%. Veterans who wish to franchise with Blimpie can get a reduction of 20% off the franchise charge. The time period of settlement to run a Blimpie franchise is 10 years and could also be renewable.
Common Gross sales / Income per 12 months
Income has declined sharply over the previous 10 years for Blimpie. For instance, again in 2011 the businesses complete income got here in at $115.3 million. In 2020, the corporate solely introduced in $63 million in income. That’s a decline in revenues of 45% throughout that point interval. Clearly, gross sales want to show round if this chain goes to outlive for one more decade.
Blimpie Franchise Details
| Complete Models | 169 |
| Integrated Identify | Blimpie |
| Franchising Since | 1970 |
| Business | Sub Sandwiches |
| Subsector | Meals and Beverage |
Blimpie was based in 1964 by three highschool pals. Anthony Conza, Peter DeCarlo, and Angelo Baldassare determined they needed to open a sub sandwich in Hoboken, New Jersey. With simply $2,000 they have been capable of open the primary Blimpie sub sandwich store.
The enterprise acquired its title when the founders noticed a picture of a blimp and thought that it resembled their sandwich. They began out promoting simply subs at the moment and had aggressive development targets. By way of the years, the corporate expanded their menu choice into extra than simply subs.
Presently, the menu at Blimpie consists of subs, wraps, grilled paninis, and salads. They’ve deli subs such because the Blimpie Finest which has slow-cured ham, salami, capicola, prosciuttini, provolone, and greens. Additionally they have the classics corresponding to turkey, ham, and roast beef sandwiches. As for warm subs they’ve the Meatball Parmigiana, Philly Cheesesteak, and the Hen Cheddar Bacon Ranch. For his or her grilled paninis, Blimpie has sandwiches on ciabatta or pretzel.
Wraps are additionally out there on the menu. They’ve a Hen Caesar, Buffalo Hen, and Southwestern wrap. There are additionally salads corresponding to their Final Membership and Grilled Hen Caesar. Sides like soups, chips, and cookies are additionally out there on the menu. Whew! That’s a reasonably expansive menu.
Blimpie additionally presents catering providers. They provide sub sandwiches, wraps, cookies, and cheese trays for workplace occasions, events, birthdays, and different occasion gatherings.
You don’t want any expertise in franchising Blimpie. To franchise with them, fill out their contact kind right here. Blimpie will attain out to you for an preliminary assembly as soon as they’ve obtained your inquiry. The preliminary assembly will embrace attending to know you, your background and an outline of the sandwich enterprise. Blimpie can even talk about the traits they’re searching for in a franchisee. If each events appear agreeable with one another, you possibly can transfer on to the following step within the course of.
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A duplicate of Blimpie’s Franchise Disclosure Doc (FDD) will likely be given to you to assessment. This doc accommodates all the data you want in franchising Blimpie so it’s greatest to assessment this doc completely. You’ll be given two weeks to check the FDD, proceed to debate with Blimpie about your issues and have Blimpie get to know extra about your {qualifications}. If each agree to maneuver ahead by this time, you’ll signal their franchise settlement making issues official.
Coaching will begin afterward with you on the firm headquarters. You’ll have the ability to discover ways to function the enterprise below Blimpie’s staff supervision. When every part is finalized, you’ll get to lastly open your location. Blimpie’s help for you and your location continues regardless that you’re already working.
Blimpie can also be open for franchising internationally. The qualities they’re searching for in a grasp franchisee for worldwide places are the next:
- At present concerned in meals and beverage, retail, or different service-related trade
- Possess an intensive information of their native market and have the flexibility to herald a powerful administration staff
- Have efficiently launched and developed different retail or meals and beverage ideas
- Possess a powerful understanding of import/skilled rules between their nation and the U.S.
- Are financially well-prepared to make the funding
Blimpie doesn’t provide financing on to candidates. Nonetheless, they will join you with their third social gathering financiers must you want any assist elevating funding capital.
At current, Blimpie is owned by Kahala Manufacturers who additionally owns Chilly Stone Creamery, Baja Recent, Pinkberry, Samurai Sam’s, and extra. Kahala Manufacturers can also be managed and owned by Canadian operator MTY Group which additionally owns quite a lot of eating places corresponding to Papa Murphy’s, Bâton Rouge Steakhouse & Bar, Sushi Go, Taco Time, and plenty of extra. Blimpie’s headquarters is positioned in Scottsdale, Arizona.
How A lot Does Blimpie Make in Revenue?
There is no such thing as a recognized up to date revenue file for Blimpie as of the time of this writing. However we will make estimates based mostly on trade averages for a sandwich store. It’s not unusual for a sub store to have a revenue margin between 5% – 10% after contemplating meals prices, lease, and paying staff.
Utilizing this common as a baseline based mostly on the annual income for the corporate in 2020, you possibly can count on a Blimpie Sub store to yield a revenue of $18,639 – $37,278 per unit.
Benefits of a Blimpie Franchise
There are some distinct benefits you possibly can count on when franchising this sub sandwich chain. Listed here are a couple of of them:
Easy Menu
Blimpie could be very easy. The menu is all about subs, wraps, and grilled paninis. There are not any different objects which will confuse prospects and the specials that pop up every so often are additionally in step with what Blimpie presents. Like we mentioned above, it’s actually a no-frills sub sandwich model that individuals can take pleasure in for what it’s.
Franchise Choices
Blimpie has a number of choices if you determine to franchise with them. You’ll be able to select to get a conventional retailer, a non-traditional retailer, and an specific. These are all completely different retailer sizes with completely different monetary necessities so in case you would nonetheless wish to run a Blimpie however you’re sticking to a price range, you’ll find which one suits your bills.
New Look
Blimpie is within the strategy of upgrading their look! Franchising with them now will allow you to be part of this transformation, and to not point out your retailer will get a recent new Blimpie look if you signal as much as franchise with them. The corporate has seen declining income numbers for greater than a decade so its good to see the corporate is taking motion to replace and revamp their advertising property.
Owned By a Massive Model
Having a enterprise that’s owned by a giant model corresponding to Kahala Manufacturers and MTY Group means they’re extra credible. Admittedly, Blimpie isn’t the identical Blimpie it was earlier than when it was extra aggressive and enterprise boomed to about 1,000 places. Nevertheless it’s assuring to know that they’re being dealt with by a giant firm that is aware of the way to deal with the enterprise and might hopefully return Blimpie to the glory days.
Challenges of a Blimpie Franchise
Blimpie, like some other enterprise, additionally poses some challenges. Listed here are a couple of you possibly can count on.
Too Easy
Sure, we did reward Blimpie for its simplicity. Nevertheless it would possibly simply be a bit of too easy for some that if you have a look at it, it doesn’t have an edge over different rivals. For instance, Subway, Quiznos, and Firehouse Subs appear to have extra sandwich choices and specials than Blimpie based mostly on their on-line menu.
It will in all probability assist increase income if Blimpie added extra sub sandwich choices and sides on the menu.
Opponents
Blimpie isn’t the one sub sandwich place in the US. There are numerous sub sandwich chains everywhere in the nation that it’s troublesome to compete with them. Blimpie should put money into numerous advertising to get their title on the market to extend their model presence.
Historical past
Blimpie’s historical past began rather well till they slowly dropped on account of being mismanaged by their proprietor. From a thousand places to only over 169 at current. That’s not precisely a narrative you could be happy with. And their historical past may be introduced up every so often so it would seem to be unhealthy PR for the enterprise must you determine to franchise Blimpie close to you.
Is the Blimpie Franchise Proper For You?
Blimpie looks as if an reasonably priced sub sandwich franchise with a easy menu you could franchise. Nonetheless, you’ll should consider the placement and the rivals round it’s best to you want to pursue this enterprise. There are numerous sandwich enterprise choices on the market and to be blunt, there are sandwich ideas with so much higher monetary efficiency over the previous 10 years.
You also needs to take time in reviewing their Franchise Disclosure Doc in addition to have a monetary advisor have a look so you possibly can seek the advice of with them if Blimpie is the precise franchise to carry to your space.
What’s an alternate Blimpie franchise?
One sub sandwich chain you too can franchise is Firehouse Subs. Originating in Jacksonville, Firehouse Subs has been round since 1994 and are recognized for promoting connoisseur sub sandwiches. They’re additionally constructed for take outs, drive thrus, and curb aspect choose ups.
To franchise Firehouse Subs, count on investments to succeed in round $350,000 to $425,000 with a franchise charge of $ 20,000. To know extra about franchising Firehouse Subs, take a look at our full information right here.
The sub sandwich franchise trade in the US was valued at $20.56 in 2020. You can also be part of this trade must you determine to get into franchising sub sandwiches.
