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Milio's Sandwiches
What makes the typical Milio's franchise so terrific? The secret is in the sub! We start with the highest quality meats and cheeses. Add onions, lettuce and tomatoes. Even our bread is baked fresh daily, right in each store. Our franchise program simplifies business ownership for qualified, motivated individuals.We are currently looking for new franchises throughout Minnesota, Wisconsin, Iowa, Illinois and Nebraska; fulfill your dream of owning your own business with this tremendous franchise opportunity.
Franchisor Background
Year Established: 1989Franchising Since: 2005IFA Member
Operating Units: Franchised Units: 9 20.9% Company-Owned Units: 34 79.1% ______ _____ Total Operating Units: 43 100% Geographic Distribution: U.S.: 43 100% In 3 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 43 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Wisconsin 28 2. Minnesota 11 3. Iowa 6
Registered in Following Registration States: Illinois, Minnesota, Wisconsin Financial Requirements
Investment: Minimum Net Worth: $250K Cash Investment: $50K Total Investment: $100-350K Average Total Investment: $225K Fees: Initial Franchise Fee: $25K Average Franchise Fee: $25K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 3.5%
Average Number of Employees: 3 Full-time, 6-10 Part-timeSpace Needs (in square footage): 800-1,600Preferred Sites: Strip CenterOther Sites: Encourage Conversions? YesEarnings Claims Provided? YesListed in the SBA Registry? NoSupport and Training
International Franchise Association: Yes Canadian Franchise Association: No Franchisee Association/Member: Yes, Member Size of Corporate Staff: 20 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? No Marketing Support: Co-Op Advertising: No National Advertising: Yes Regional Advertising: Yes Local Advertising: Yes Marketing Materials: Ad Slicks, Brochures, Catalogs, Coupons/rebates Additional Services: Grand Opening, In-house Marketing Other Marketing Support: None Specified On-Going Support: Central Data Processing: Included in Fees Central Purchasing: Included in Fees Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: Included in Fees Inventory Control: Included in Fees Franchisee Newsletter: Not Applicable Regional or National Meetings: Included in Fees 800 Telephone Hotline: Included in Fees Training: 1. Madison, WI 250 Hours
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 5 General Business Experience: 3 Specific Industry Experience: 1 Formal Education: 1 Psychological Profile: 5 Personal Interview(s): 5
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: N/A
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 5 Year(s) Passive Ownership: Not Allowed Area Development Agreements? No Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 7
U.S.: Yes, WI, MN, IA, IL, NE Canada: No Overseas: No
