Larry's Giant Subs
At a Glance
Products & Services: New York-style subs, sandwiches, salads
Number of Locations: 72
Total Investment: $159K - 225K
Founded: 1982
Began Franchising: 1986
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 66 | 0 | 0 | 6 |
| 2010 | 65 | 0 | 0 | 5 |
| 2009 | 75 | 0 | 0 | 5 |
| 2008 | 75 | 0 | 0 | 3 |
Where Seeking Franchisees: Franchisor is seeking new units internationally.
Startup Costs, Ongoing Fees and Financing
Total Investment: $159,000 - $225,000
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $60,000
Operations
30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 10. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 3 weeks. At franchisee's location: 1-2 weeks.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations,
Marketing Support: Co-op advertising, Regional advertising,
Franchise Ranking History
Franchise 500®: #491 (2010),
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