Ike's Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$80,000
Investment required
$141,000 - $614,000
Ike's Love & Sandwiches: Revolutionizing Gourmet Sandwiches with Flavor Innovation
Ike's Love & Sandwiches, commonly known as Ike's, is a popular franchise specializing in gourmet sandwiches and unique culinary creations. Founded in 2007 by Ike Shehadeh in San Francisco, California, the franchise has established itself as a leader in the sandwich industry with its innovative approach to flavor combinations. Ike's is headquartered in San Francisco, California, and began its franchising journey in 2014.
The franchise offers a diverse menu featuring an array of sandwiches with distinctive flavors, including signature items like the "Ike's Dirty Sauce" and various options tailored to meet a wide range of dietary preferences.
Ike's differentiates itself through its focus on high-quality, fresh ingredients and an extensive selection of creative and customizable sandwich options that cater to various tastes and dietary needs. This commitment to unique and flavorful offerings sets Ike's apart from traditional sandwich shops and contributes to its growing popularity across the United States.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure |
Amount |
| Initial Franchise Fee |
$80,000 |
| Delayed Opening Fee |
$0 to $9,000 |
| Leasehold Improvements & Construction Cost |
$5,000 to $150,000 |
| Licenses and Permits (Not Including Beer & Wine License) |
$500 to $4,000 |
| Rent – 3 months |
$3,000 to $54,000 |
| Security Deposits |
$200 to $20,000 |
| Blueprints |
$250 to $20,000 |
| Furnishings, Fixtures & Equipment |
$4,000 to $100,000 |
| Signage – Interior and Exterior |
$450 to $20,000 |
| POS Computer System |
$1,000 to $15,000 |
| Travel & Living Expenses While Training |
$500 to $5,000 |
| Manager/Leadership Training |
$2,000 to $6,000 |
| Insurance – 3 Months |
$900 to $3,000 |
| Professional Fees |
$1,000 to $5,000 |
| Grand Opening Advertising Campaign |
$15,000 |
| Opening Inventory & Supplies |
$2,500 to $15,000 |
| On-Site Location Evaluation |
$0 to $500 |
| Delivery Vehicle |
$0 to $2,500 |
| Ancillary Real Estate Costs |
$5,000 to $50,000 |
| Additional Funds – 3 Months |
$20,000 to $40,000 |
| Total |
$141,300 to $614,000 |
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Franchise Disclosure Document
Training
Ike's Love & Sandwiches provides comprehensive training for its franchisees to ensure consistent quality and successful operations. The training includes:
- Operational Training: Franchisees receive detailed instruction on daily operations, including food preparation, customer service, and store management. This hands-on training helps ensure that franchisees adhere to Ike's high standards and procedures.
- Marketing and Sales: Franchisees are trained in Ike's marketing strategies and sales techniques to effectively promote their store. This includes guidance on local marketing campaigns, social media management, and promotional events.
- Administrative Support: Training covers essential administrative tasks such as inventory management, financial tracking, and point-of-sale systems. This helps franchisees manage their store efficiently and maintain profitability.
- Ongoing Support: Ike's offers continuous support after the initial training, including access to a dedicated support team, regular updates on best practices, and opportunities for additional training as needed.
Territory Protection
Ike's Love & Sandwiches provides territory protection to its franchisees as part of its franchise agreement. This means that each franchisee is granted an exclusive area in which no other Ike's locations can be opened, ensuring they have a defined market to serve without direct competition from other franchisees within the same brand.
The territory protection is designed to help franchisees maximize their market potential and build a strong customer base without the pressure of competing with other Ike's outlets in close proximity. This strategic approach supports franchisee success by reducing market overlap and allowing each location to thrive within its designated area.
