How to Buy a Blimpie's Franchise

Blimpie's Salads & Subs was founded in 1964 and quickly became a popular sandwich chain made successful by the many entrepreneurs who own a Blimpie's franchise. You can become part of their team by buying a Blimpie's franchise of your own with the support and training of this established chain.

Instructions

Difficulty: Moderately Challenging

1. Gather the information you need to begin the process of deciding if buying a Blimpie's franchise is the right move for you. Visit the Blimpie website to watch the online franchisee sales video and view the interactive brochure.
2. Fill out the online contact form at Blimpie's website. Wait to be contacted for a personal meeting.
3. Attend the personal meeting with a Blimpie's representative. Receive the "Uniform Franchise Offering Circular," which includes a copy of the franchise agreement.
4. Carefully review the terms of the franchise documents. The initial fee for buying a Blimpie's franchise is $18,000. The continuing royalty is six percent of gross sales. The term of the agreement is 15 years followed by two 10-year renewal options.
5. Obtain financing for a Blimpie's franchise. The estimated initial investment for a traditional Blimpie's is between $114,020 and $341,600.
6. Sign the franchise agreement to take your place on the waiting list for approximately three to six months before you can open a Blimpie's franchise.

Tips & Warnings

• Buying a franchise can seem like a dream come true to a budding entrepreneur, but having an instant brand name and the support of an established company does not guarantee success.
• Franchise fees include the initial franchisee fee, continuing royalty payments, advertising fees and other expenses outlined by the franchise agreement.
• The franchise agreement will outline what type of control you, as the franchisee, have over certain decisions.
• Before signing a franchise agreement, consult a lawyer and accountant who will help you understand the risks involved with buying a franchise.
• Always investigate a franchise thoroughly before signing any type of agreement with them.