How much does a Larry's Franchise cost?
Currently, Larry's Franchise fee is Twenty thousand dollars ($20,000)
What is the royalty fee?
Larry's receives six percent (6%) royalty on gross sales, 2% for Regional advertising, and 1% for National advertising, exclusive of sales tax, as defined in the Franchise Agreement.
Does Larry's have any minimum requirements for liquid assets?
We prefer a minimum of $50,000 in liquid assets from our potential franchisees. It is vitally important for small businesses to be properly capitalized before opening.
Will Larry's provide the site and construct the building for me?
We have a Site Selection process which will aid in your search for the best site in your area. We work with experienced brokers who will help you negotiate the best possible terms for your lease. While we assist in negotiating your lease, each franchisee will be the ultimate guarantor of the lease.
Can I remodel an existing structure?
Yes. Our only requirement is that all remodeling must be approved by our corporate office.
If I lease a building, will you design the store layout?
We work with architects who are familiar with our requirements and our layout. Each space is unique, so we work closely with the architects to ensure our high standards are met.
Do you limit Larry's Franchise to one unit per franchisee?
Larry's Franchises are available in single or multiple units, dependent upon the market and qualifications of the individuals concerned.
Is the Franchisee required to purchase all of his equipment and supply needs from Larry's?
As a Larry's Franchisee, you are obligated to purchase certain supplies, such as paper products: i.e., cups, napkins, sandwich wrap and sub bags with the Larry's logo. Larry's has a national contract with Sysco food services and they supply all of Larry's food and paper products. Larry's also has a national contract with Pepsi and Frito Lay distributors so that all Larry's Franchises receive the lowest pricing.
What pre-opening services do you offer and do you train Franchisee and Managers?
Prior to opening you will attend Larry's training program. Larry's has spent a great deal of time and effort developing its product and system and accepts no compromise in quality control. For this reason, we require Unit Managers to complete our 3 week, 120 hour training program and demonstrate mastery of certain basic skills. There is no tuition charge and this program has proven extremely beneficial. We will also go to your location for the first week you are open and help you with your Grand Opening.
Do you have a comprehensive manual for daily operation of the store?
Our confidential Operations Manual details the Larry's system for producing volume, maintaining product quality and exerting control over every aspect of daily operation in your store.
Does Larry's offer rebates?
Yes, Larry's is one of a few franchises that offers quarterly rebates. History shows that volume buying can add up to a substantial amount.
I'm interested. What do I do next?
Complete the this form
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