My Friend's Place

Founded: 1980 Franchising since: 1990
David and Rosalind Katz wanted to start a shoe store, but didn't have the funds to purchase inventory let alone start an entire business. Instead of giving up, the Katzes moved to plan B, opening a sandwich shop in the Atlanta suburb of Sandy Springs in 1980.

My Friend's Place locations specialize in freshly prepared tuna, chicken and egg salad sandwiches. Each shop also offers other sandwich choice, soups, salads and desserts.

P.O. Box 681896 Marietta, Georgia 30068

Phone: (770)332-3663

Franchisor has 5 employee(s); 5 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	22	0	0	1
2008	21	0	0	1
2007	24	0	0	2
2006	26	0	0	1
2005	27	0	0	2

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.

Total investment: $173.4K-314.1K Franchise fee: $20K

Ongoing royalty fee: Varies Term of agreement: 15 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $50K
Business Experience:

• General business experience
• Marketing skills

Operations

• 4% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 5
• Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: 2 weeks

Ongoing Support

• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations

Other marketing support

• Local marketing