HOW MUCH MONEY CAN I MAKE?
MILLER’S IS ACTIVELY SEEKING ENTREPRENUERS WITH GRIT FOCUSSED ON BUILDING A SCALABLE BUSINESS.
The most common question we get from entrepreneurs is “How much money can I make?”. While we can’t tell you the answer to that, since that would be misleading and dishonest, we can tell you all of our secrets that have led to 50 years of success.
At Miller’s ® we will help you fulfill your dreams of owning your own business and scaling that up to multiple locations should you choose. We will provide you with a time tested system operating standards. You will put your team together and execute!
GROSS SALES
Listed by location 01/01/2020 - 12/31/2022 (See current FDD Item 19 for full notes regarding Gross Sales)
| undefined | 2020 | 2021 | 2022 |
|---|---|---|---|
| East Providence, RI | $2,018,423 | $2,387,620 | $2,644,225 |
| Attleboro, MA | $1,183,193 | $1,312,699 | $1,371,152 |
ROYALTIES
3% YEAR 1
4% YEAR 2
5% YEAR 3
FRANCHISE FEES
$30,000
$15,000 DISCOUNT ON FRANCHISE FEES WHO OPEN STORES IN TARGETED GROWTH AREAS!
$7,500 DISCOUNT FOR MILITARY & VETERAN
INVESTMENT RANGE
$335,500 - $690,500
ADVERTISING FEES
1.5 % BRAND FUND
1.5% LOCAL ADVERTISING
STORE SIZE
1,500 - 2,300
SQUARE FEET
NET WORTH
$500,000
LIQUID CAPITAL
$150,000
ESTIMATED INITIAL INVESTMENT
| Type Of Expenditure | Low | High |
|---|---|---|
| Franchise Fee | $30,000.00 | $30,000.00 |
| Training | $2,000.00 | $10,000.00 |
| Furniture, Fixtures, Equipment and Smallwares | $138,000.00 | $188,000.00 |
| Leasehold Improvements | $95,000.00 | $280,000.00 |
| Lease and Security Deposits | $5,000.00 | $18,000.00 |
| Signs | $4,500.00 | $25,000.00 |
| POS Back of System | $2,500.00 | $15,000.00 |
| Licenses, Permits and Contigency | $1,000.00 | $3,000.00 |
| Insurance - 3 Months | $2,500.00 | $4,500.00 |
| Professional Fees | $2,000.00 | $5,000.00 |
| Architect Fees | $5,000.00 | $15,000.00 |
| Initial Inventory | $8,000.00 | $12,000.00 |
| Grand Opening | $10,000.00 | $10,000.00 |
| Extension Fee | $- | $15,000.00 |
| Additional Funds | $30,000.00 | $60,000.00 |
| Total Build Out Cost | $335,500.00 | $690,500.00 |
To learn more about the total costs that are involved in opening a Miller’s Famous Sandwiches ® franchise shop, please contact us to review the full Item 7 in our most recent Franchise Disclosure Document.
Becoming a Miller’s Famous Sandwiches ® franchisee is an amazing opportunity to own a business backed by 50 years of experience. The Miller’s ® franchise opportunity is for those individuals who are looking for a unique concept, with strong systems & are committed to giving back to their communities.
To learn more about the total costs that are involved in opening a Miller’s Famous Sandwiches ® franchise shop, please contact us to review the full Item 7 in our most recent Franchise Disclosure Document.
