Goodcents
Subs, pastas, meals-to-go
- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
333 k - 509 k
- Units as of 2023
-
65 3% over 3 years
Company Overview
Joseph Bisogno, founder and chairman of the board of Goodcents, started his entrepreneurial journey running a lemonade stand at age 6, purchased an ice cream truck at 18, and later bought a gas station and used car lot–with a dream to one day own his own restaurant. After 10 years’ experience with the McDonald’s Corp., he started Mr. Goodcents Subs and Pastas in Lenexa, Kansas, in 1989.
Now known simply as Goodcents, the franchise is headquartered in De Soto, Kansas, and has more than 60 locations across nine states. The restaurants offer online ordering, dine-in, carry-out, drive-thru, and delivery of sub sandwiches, soup, and to-go meals.
About Goodcents
| Industry | Food |
|---|---|
| Related Categories | Submarine Sandwiches,Sandwiches |
| Founded | 1989 |
| Parent Company | Mr. Goodcents Franchise Systems Inc. |
| Leadership | Jami Bond, VP of Franchise Development |
| Corporate Address | 8997 Commerce Dr. De Soto, KS 66018 |
| Social | Facebook,LinkedIn,Instagram |
Business Overview
| Franchising Since | 1991(32 years) |
|---|---|
| #of employees at HQ | 24 |
| Where seeking | This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Wisconsin, West Virginia, Wyoming |
| #of Units | 65(as of 2023) |
|
|
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Information for Franchisees
Here's what you need to know if you're interested in opening a Goodcents franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$30,000 |
|---|---|
| Initial Investment
|
$333,300 - $509,100 |
| Net Worth Requirement
|
$200,000 - $250,000 |
| Cash Requirement
|
$50,000 - $100,000 |
| Veteran Incentives
|
$5,000 off franchise fee |
| Royalty Fee
|
6% |
| Ad Royalty Fee
|
3.5% |
| Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Goodcents has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 200-400 hours |
|---|---|
| Classroom Training | 30-40 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| #of employees required to run | 10 |
| Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Goodcents landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Goodcents ranked on other franchise lists? Find out below.
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