Sandwiches Franchises

  • Rank
  • Company/Description/Initial Investment
# 1
Jimmy John's Gourmet Sandwiches

Jimmy John's Gourmet Sandwiches

Initial Investment: $323K - $544K

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# 5
Subway

Subway

Initial Investment: $117K - $263K

# 62
Firehouse Subs

Firehouse Subs

Initial Investment: $129K - $1.2M

# 66
Jersey Mike's Subs

Jersey Mike's Subs

Initial Investment: $203K - $681K

# 110
Charleys Philly Steaks

Charleys Philly Steaks

Initial Investment: $153K - $450K

# 113
Pita Pit Inc.

Pita Pit Inc.

Initial Investment: $166K - $323K

# 139
Penn Station East Coast Subs

Penn Station East Coast Subs

Initial Investment: $269K - $535K

# 145
HoneyBaked Ham Co. & Cafe, The

HoneyBaked Ham Co. & Cafe, The

Initial Investment: $285K - $444K

# 146
McAlister's Deli

McAlister's Deli

Initial Investment: $579K - $1.5M

# 151
Schlotzsky's

Schlotzsky's

Initial Investment: $504K - $787K

# 179
Togo's Franchisor LLC

Togo's Franchisor LLC

Initial Investment: $240K - $501K

# 262
Which Wich Superior Sandwiches

Which Wich Superior Sandwiches

Initial Investment: $195K - $489K

# 264
Capriotti's Sandwich Shop Inc.

Capriotti's Sandwich Shop Inc.

Initial Investment: $364K - $848K

# 304
Blimpie Subs & Salads

Blimpie Subs & Salads

Initial Investment: $130K - $359K

# 335
Erbert & Gerbert's Sandwich Shops

Erbert & Gerbert's Sandwich Shops

Initial Investment: $190K - $392K

# 402
Green Leaf's/Banana's

Green Leaf's/Banana's

Initial Investment: $160K - $574K

# 489
PrimoHoagies Franchising Inc.

PrimoHoagies Franchising Inc.

Initial Investment: $191K - $333K

NR
Arby's Restaurant Group Inc.

Arby's Restaurant Group Inc.

Initial Investment: $353K - $2.4M

NR
Bellacino's Pizza & Grinders Inc.

Bellacino's Pizza & Grinders Inc.

Initial Investment: $279K - $422K

NR
Cheba Hut Toasted Subs

Cheba Hut Toasted Subs

Initial Investment: $177K - $339K

NR
Cousins Subs

Cousins Subs

Initial Investment: $145K - $388K

NR
Deli Delicious

Deli Delicious

Initial Investment: $192K - $431K

NR
Donatos Pizza

Donatos Pizza

Initial Investment: $461K - $667K

NR
Earl of Sandwich (USA) LLC

Earl of Sandwich (USA) LLC

Initial Investment: $332K - $485K

NR
Extreme Pita

Extreme Pita

Initial Investment: $160K - $442K

NR
Great Steak & Potato Co., The

Great Steak & Potato Co., The

Initial Investment: $147K - $439K

NR
Great Wraps Grill

Great Wraps Grill

Initial Investment: $160K - $486K

NR
Groucho's Deli

Groucho's Deli

Initial Investment: $70K - $362K

NR
Kolache Factory

Kolache Factory

Initial Investment: $396K - $619K

NR
Lee's Hoagie House

Lee's Hoagie House

Initial Investment: $111K - $322K

NR
Lenny's Sub Shop

Lenny's Sub Shop

Initial Investment: $140K - $355K

NR
Mr. Goodcents Franchise Systems Inc.

Mr. Goodcents Franchise Systems Inc.

Initial Investment: $162K - $274K

NR
Mr. Pickle's Sandwich Shop

Mr. Pickle's Sandwich Shop

Initial Investment: $152K - $343K

NR
My Friend's Place

My Friend's Place

Initial Investment: $157K - $260K

NR
Philly's Best Cheesesteaks

Philly's Best Cheesesteaks

Initial Investment: $204K - $418K

NR
PJ's Coffee of New Orleans

PJ's Coffee of New Orleans

Initial Investment: $166K - $440K

NR
Port Of Subs

Port Of Subs

Initial Investment: $169K - $300K

NR
San Francisco Sourdough Eatery Inc.

San Francisco Sourdough Eatery Inc.

Initial Investment: $150K - $294K

NR
Smiling Moose Deli

Smiling Moose Deli

Initial Investment: $306K - $675K

NR
Steak Escape Sandwich Grill

Steak Escape Sandwich Grill

Initial Investment: $218K - $620K

NR
Tom and Chee Worldwide LLC

Tom and Chee Worldwide LLC

Initial Investment: $275K - $675K

NR
Tubby's Sub Shop Inc.

Tubby's Sub Shop Inc.

Initial Investment: $87K - $253K

NR
USA Subs

USA Subs

Initial Investment: $295K - $421K

NR
Wall Street Deli

Wall Street Deli

Initial Investment: $191K - $358K

NR
Xavier Artisan

Xavier Artisan

Initial Investment: $166K - $322K

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Understanding the Ranking

There's a lot that goes into putting together the first, best and most comprehensive franchise ranking in the world. Here's a behind-the-scenes look at Entrepreneur's 37th annual Franchise 500®.

The process began in July 2015, when we asked franchisors to participate in our survey. Each submission was vetted before being entered for data analysis; 951 companies made the first cut. Of those, the top 500 became the Franchise 500® ranking, based on financial and statistical data from July 2013 through July 2015.

Only franchise companies that supply a full Franchise Disclosure Document (FDD) or Canadian Disclosure Document and whose information is verified by Entrepreneur can receive a listing. To be eligible for the Franchise 500®, a franchisor must have a minimum of 10 units, with at least one franchise located in the U.S. The company must be seeking new franchisees in the U.S., and it cannot be in Chapter 11 at the time the ranking is compiled. (The exception to these rules is Canada-based companies that are expanding only in Canada.)

All companies are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. We also consider the number of years a company has been in business and the length of time it's been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. Financial data is analyzed by an independent CPA.

We do not measure subjective elements such as franchisee satisfaction or management style. The objective factors are plugged into our exclusive Franchise 500® formula, with each eligible company receiving a cumulative score.

Remember that the Franchise 500® is not intended to endorse, advertise or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise. Read the FDD and related materials carefully, get help from a franchise attorney and a CPA in reviewing any legal or financial documents, and talk to as many existing and former franchisees as possible and visit their outlets. The best way to protect yourself is to do your homework.

Research compiled by Tracy Stapp Herold and J.R. Jimenez with assistance from Hava Arieh, Rick Ignarra, Nicole Jurinek, Yvette Madrid, Jessica Nguyen and Giuseppe Ricapito; technical assistance from Angel Cool and Daniel Sibitzky; financial analysis by David R. Juedes, CPA; graphic design by Karen Meneghin.

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