Is Miami grill the same as Miami Subs?
Going forward, there will be two brands — The New Miami Subs Grill and Miami Grill — and both will serve the same menu and tout updated, modern looks. Current franchise owners are under agreement to “at some point” change their name to Miami Grill and to upgrade their look, menu and concept.
Who is the owner of Miami Grill?
Armando Christian “Pitbull” Pérez
About Miami Grill Developed by the owners of Miami Subs, Miami Subs Capital Partners 1, Inc. and key equity partner, Armando Christian “Pitbull” Pérez, South Florida based Miami Grill embodies the vibe of a rich, lively city and serves a menu as diverse as the city itself.
How much is a Miami Grill franchise?
What Does a Miami Subs Grill Franchise Cost? To buy a franchise with Miami Subs Grill, you’ll need to have at least $200,000 in liquid capital and a minimum net worth of $600,000. Franchisees can expect to make a total investment of $200,000 – $400,000.
Who made Miami Grill?
Developed by the owners of Miami Subs, Miami Subs Capital Partners 1, Inc. and key equity partner, Armando Christian “Pitbull” Pérez, South Florida based Miami Grill embodies the vibe of a rich, lively city and serves a menu as diverse as the city itself. For franchising or more information, visit mymiamigrill.com.
What do you mean by franchisee?
A franchisee is a small-business owner who operates a franchise. The franchisee pays a fee to the franchisor for the right to use the business’s already-established success, trademarks, and proprietary knowledge. The franchisee receives continuous guidance and support from the franchisor.
Is Miami Grill owned by Pitbull?
International expansion and partnership On July 24, 2012, Miami Subs announced that an equity stake in the chain was purchased by Armando Cristian Pérez, known by his stage name, Pitbull.
Why is mcdonalds a franchise?
Essentially, McDonald’s makes money by leveraging its product, fast food, to franchisees who have to lease properties, often at large markups, that are owned by McDonald’s. As reported in their 2019 10-K, 36,059 of the 38,695 restaurants were franchised with McDonald’s operating the remaining 2,636 restaurants.