Not Ranked

Initial Investment

LOW: $139,500
HIGH: $354,600

Change in Units

Promoted Opportunities

Company Profile

Founded

1998

Franchising Since

2001 (15 Years)

Corporate Address

8295 Tournament Dr., #200 Memphis, TN 38125

CEO

Brent Alvord

About Lenny's Sub Shop

Len Moore started out as a busboy and worked his way up to general manager of a restaurant by the age of 18. He continued to work in food service management throughout his life and was one of the earliest Chick-Fil-A franchisees. In 1998, he and his wife Shelia decided to open their own restaurant, a sandwich shop, in Bartlett, Tennessee. Though they only planned for a single unit, the popularity of Lenny's Sub Shop led them to franchise in 2001. After selling the company in 2004, Moore still stayed involved in the business-- this time as Lenny's Sub Shop franchisee.

Financials

Financial Requirements

Initial Investment

$139,500 - $354,600

Net-worth Requirement

$400,000

Liquid Cash Requirement

$40,000

Ongoing Fees

Initial Franchise Fee

$25,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Financing Options

Lenny's Sub Shop has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

Highest Rank: 183

Lowest Rank: 453

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 10 days

Training at headquarters: 5 weeks

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 15

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Disclaimer

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.

Updated: July 3rd, 2014

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