Major Franchise Player Now President of Jon Smith Subs

Already 25 Units Sold, and Plans for 25 More by End of 2017

West Palm Beach, FL  (RestaurantNews.com)  It would be tough to find someone who hasn’t had his fingers in franchising more than Scott Stuck, president of Jon Smith Subs, a local (Palm Beach County) brand with nine open units, which was acquired by franchise industry giant United Franchise Group last year. United Franchise Group is known for its expertise in growing strong brands and ideas via franchising. Among the other brands are Signarama, Fully Promoted (formerly known as EmbroidMe), SuperGreen Solutions, Transworld Business Advisors, Experimac (technology and repair services) and new concept Venture X (shared office space).

The franchise empire that launched those brands in the past three decades, consistently stretches for new opportunities and succeeds in expanding their family of brands with winning models from all sectors that are new to them.

After acquiring Jon Smith Subs, the search was on for the best brand president possible. Let’s say they hit a “bingo”.  Scott Stuck, who also will be the brand’s first franchisee, opening his own store in Stuart Florida in August, has taken on the whole brand to grow.

scott stuck
“I know this is rare, I may be the only one who has done this,” Stuck said excitedly, “but as I delved more into the brand while buying the Stuart location, and more into United Franchise Group, I was convinced I could really drive this brand forward.  And being the first franchisee gives me the unique experience of understanding exactly what franchisees will need to do to get open, operating and profiting straight away.”

Clearly Ray Titus, CEO of the United Franchise Group agreed.

Stuck started his career in hospitality at the ripe old age of 10, working at his father’s Big Boy franchise. After college and some job offers he turned down, Stuck went to work as the manager of a Bennigan’s wanting to learn even more about the industry. He then went on to work for Brinker International (Chili’s) managing then opening several restaurant locations for them.

From there Stuck’s career consisted of a multitude of franchise experiences from partnering in Miller’s Ale House franchises, becoming President and equity partner in a multi-unit owner group overseeing several locations of Rock Bottom/Old Chicago throughout the Midwest, and then Einstein Bagels.

“This brand can really grow”, Stuck offers about Jon Smith Subs. “It’s a premium quality product yet an affordable sandwich restaurant. “There is nothing else like the flavor profile in a Jon Smith’s sub.  We use only high-quality ingredients, cooked up fresh on the grill and served with an order of award winning French fries.”

The first 25 franchised Jon Smith Subs locations have already been sold and will be opening throughout Florida, Connecticut, California, Nevada, Ohio and Virginia, including Stuck’s Stuart location. 25 more locations are expected to be sold by the end of the year in the United States, with plans to expand globally beyond that.

“We have the systems and people in place to provide site research and set up assistance, marketing and on-going support”, Struck continues.

The cost to open a unit ranges from the low $300’s to the low $400’s,” said Stuck.  “In most cases we have financing available of 60%-75%, making your initial investment $125,000-$150,000.  We also offer area developer opportunities for multiple units from city, regional, to statewide and master licenses are available outside of the U.S.”

For Jon Smith Subs franchise and Area Developer opportunities, please phone 888.978.3171 or visit www.jonsmithsubsfranchise.com.

About Jon Smith Subs

Founded in 1988, Jon Smith Subs was recently acquired by West Palm Beach based United Franchise Group. Currently there are eight locations in Palm Beach County, Florida with plans to expand the sandwich chain worldwide.

About United Franchise Group

Led by CEO Ray Titus, United Franchise Group houses a successful group of business-to-business franchise systems. The United Franchise Group specializes in personalized business services including signs, embroidery, business brokerage and outdoor advertising.  With nearly three decades in the franchising industry and more than 1400 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.

Don’t Believe What You Hear: There Is Not as Much Risk as You Think

There are countless myths about opening a small business and how risky it is. These are only MYTHS. It is always risky when opening a business, no matter how big or small, and here are the facts about opening a small business and how successful you actually can be.

listening woman

The Statistics of Small Businesses

According to Fundera, a news website for small businesses, small businesses make up about 99.7% of businesses in America. That equals about 28.8 million small businesses nationwide.

How can these numbers be true if opening a small business is so risky? Fundera explains, “About two-thirds of businesses survive 2 years in business, half of all businesses will survive 5 years, and one-third will survive 10. The longer a company has been in business, the more likely it is to stay in business—it’s those first few years that are the hardest.”

If the concept and the market align correctly, small businesses can be successful. If a small, no name sub shop opens next to a franchise like Jon Smith Subs, it will be harder for that small business to see success because they are competing with not only another sub shop, but a well-known brand. Two big portions of small businesses being successful or not is its location and if there is an ample market in the area they are established in.

Rumors of Small Businesses

Small businesses do not necessarily fail due to lack of business. A lot of the reasons why they just don’t make it has to do with cash flow problems. According to Fundera, 86% of closed small businesses failed because of this problem. This can result not only from cash going in and out, but more importantly is a result of a lack of time management and aligning when money should be coming in with the money going out.

A myth about the restaurant industry that is often thrown around is that within the first year, 60% of new restaurants close. This is not true, Fundera found that this has been construed from the original fact: that 60% of restaurants close within the first three years. Despite this fact not exactly being true, the restaurant industry is still one of the riskier small businesses to open. An alternative option to opening a new restaurant would be to invest in a franchise, which offers more security, a well-known brand name and room for success.

There isn’t as much risk as people think when it comes to starting a small business. There is a lot that factors in to be successful, but, according to the statistics, small businesses are very successful and make up the majority of American businesses. The first years may be difficult, and there is constant risk of sinking or swimming, but taking the proper precautions can lead to profit and success.

If you still have fears about starting a business on your own, there are always other options. Franchises always provide plenty of opportunities as well as training, support, and a recognizable brand name. If you are interested in learning more about other options, download this guide.

Jon Smith Subs Tabs Scott Stuck as President

It would be tough to find someone who hasn’t had his fingers in franchising more than Scott Stuck, president of Jon Smith Subs, a Palm Beach County brand with eight open units, which was acquired by franchise industry giant United Franchise Group last year. United Franchise Group is known for its expertise in growing strong brands and ideas via franchising. Among the other brands are Signarama, Fully Promoted (formerly known as EmbroidMe), SuperGreen Solutions, Transworld Business Advisors, Experimac (technology and repair services) and new concept Venture X (shared office space).

The franchise empire that launched those brands in the past three decades, consistently stretches for new opportunities and succeeds in expanding their family of brands with winning models from all sectors that are new to them.

After acquiring Jon Smith Subs, the search was on for the best brand president possible. Let’s say they hit a “bingo.” Scott Stuck, who also will be the brand’s first franchisee, opening his own store in Stuart Florida in August, has taken on the whole brand to grow.

jon smith subs
“I know this is rare, I may be the only one who has done this,” Stuck says, “but as I delved more into the brand while buying the Stuart location, and more into United Franchise Group, I was convinced I could really drive this brand forward.  And being the first franchisee gives me the unique experience of understanding exactly what franchisees will need to do to get open, operating and profiting straight away.”

Clearly Ray Titus, CEO of the United Franchise Group agreed.

Stuck started his career in hospitality at the ripe old age of 10, working at his father’s Big Boy franchise. After college and some job offers he turned down, Stuck went to work as the manager of a Bennigan’s wanting to learn even more about the industry. He then went on to work for Brinker International (Chili’s) managing then opening several restaurant locations for them.

From there Stuck’s career consisted of a multitude of franchise experiences from partnering in Miller’s Ale House franchises, becoming President and equity partner in a multi-unit owner group overseeing several locations of Rock Bottom/Old Chicago throughout the Midwest, and then Einstein Bagels.

“This brand can really grow,” Stuck says about Jon Smith Subs. “It’s a premium quality product yet an affordable sandwich restaurant. “There is nothing else like the flavor profile in a Jon Smith’s sub. We use only high-quality ingredients, cooked up fresh on the grill and served with an order of award winning French fries.”

The first 25 franchised Jon Smith Subs locations have already been sold and will be opening throughout Florida, Connecticut, California, Nevada, Ohio and Virginia, including Stuck’s Stuart location. 25 more locations are expected to be sold by the end of the year in the United States, with plans to expand globally beyond that.

“We have the systems and people in place to provide site research and set up assistance, marketing and on-going support,” Struck says.

The cost to open a unit ranges from the low $300’s to the low $400’s, Stuck says. “In most cases we have financing available of 60 to 75 percent, making your initial investment $125,000—$150,000. We also offer area developer opportunities for multiple units from city, regional, to statewide and master licenses are available outside of the U.S.”

Newly Appointed President of Jon Smith Subs Becomes Brand’s 1st Franchisee

Jon Smith Subs has hired Scott Stuck as its president, according to a company press release. The brand, which was acquired by United Franchise Group last year, has eight units and was searching for a leader to help it increase its footprint. The group found Scott Stuck, who is also the brand’s first franchisee, opening his own store in August in Stuart, Florida.

“I know this is rare, I may be the only one who has done this,” Stuck said, “but as I delved more into the brand while buying the Stuart location, and more into United Franchise Group, I was convinced I could really drive this brand forward. And being the first franchisee gives me the unique experience of understanding exactly what franchisees will need to do to get open, operating and profiting straight away.”

Stuck started his career in hospitality at age 10, working at his father’s Big Boy franchise. After college, Stuck was a  manager of a Bennigan’s to learn even more about the industry. He then worked for Brinker International managing and eventually opening several units for the brand.

From there, Stuck’s career consisted of a multitude of franchise experiences from partnering in Miller’s Ale House franchises and becoming president and equity partner in a multi-unit owner group overseeing several locations of Rock Bottom/Old Chicago throughout the Midwest to working with Einstein Bagels.

“This brand can really grow”, Stuck said about Jon Smith Subs. “It’s a premium quality product yet an affordable sandwich restaurant. There is nothing else like the flavor profile in a Jon Smith’s sub. We use only high-quality ingredients, cooked up fresh on the grill and served with an order of award-winning French fries.”

The first 25 franchised Jon Smith Subs locations have already been sold and will open throughout Florida, Connecticut, California, Nevada, Ohio and Virginia. About 25 more locations are expected to be sold by the end of the year in the United States with plans to expand globally beyond that.

“We have the systems and people in place to provide site research and set up assistance, marketing and ongoing support,” Stuck said.

Becoming  a Franchisee

The cost to open a unit ranges from the low $300’s to the low $400’s, Struck said.

“In most cases, we have financing available (for about) 60-75 percent, making your initial investment $125,000-$150,000,” he said. “We also offer area developer opportunities for multiple units from city, regional, to statewide and master licenses are available outside of the U.S.”

sandwich franchise guide

Costs to Examine When Franchising Is on the Mind

It’s not an uncommon dream to be your own boss. But if you’re exploring how to open a business or whether to invest in a franchise, one of the most important factors to consider is the money. So how much does it cost to open a franchise?

There isn’t one perfectly defined answer, or even a general ballpark, because the costs depend on a variety of factors, the most important of which are your industry and location.

Most franchises have general investment information right on their website to at least give you an idea of how much money you’ll need. Some require your net worth to be a certain figure, while others want you to have a certain amount of liquid capital.

For the Average Joe looking to shift directions toward franchising, however, you’ll likely require financing to cover the costs and eventually will have to leave your current full-time job – meaning your known source of income suddenly disappears.

With that knowledge comes a need for preparation: Not only for financing and repaying those bill, but for having enough money saved to maintain your living costs until you start generating revenue again.

Here’s a closer look at what the cost of opening a franchise might look like.

invest in a franchise

Invest in a Franchise: Franchise Fee

This is your payment to the franchisor for the rights to open one of their stores. This often ranges between $50,000 and $100,000 and upwards, but can be lower for very small companies and much larger for the giants of the industry. The cost is typically listed separately, but is usually included in the “total investment” number potential franchisees are given.

To invest in Jon Smith Subs franchise, we charge a modest $29,500 franchise fee.

Liquid Capital

These are simply assets that are readily convertible to cash, like stocks, bonds, or other savings. We require liquid capital of approximately $150,000.

Total Investment

This is how much you’re projected to need to open your new franchise unit. This number usually includes the projected cost of real estate, equipment, your franchise fee, and operating costs for the first three-plus months of business. We estimate investors will need between $250,000 and $400,000.

Royalties

If you’re trying to calculate your projected profit, you’ll need to be sure to discount any royalties. These are monthly payments made to your franchisor, and typically are a small percentage of your total sales. Our royalty rate is 6%.

Personal Savings

More often than not, franchisees quit their jobs to become business owners. But by doing so, as we mentioned above, you’re cutting off your income. It’s prudent to understand that your business isn’t going to start profiting on Day 1, and could take an extended period of time to start making a profit, let alone one that is equal to what you were previously making. Before taking the leap and storming into the office with your resignation letter, it’s important to pay off any debt, loans, and outstanding bills. Then, calculate your cost of living and budget enough savings to use for at least a year or more to be safe.

Interested in learning more about an investment in Jon Smith Subs? Contact us today to speak with a franchise consultant.