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Lenny's Sub Shop

2014 Franchise 500
#333
At a Glance

Products & Services: Subs, philly cheesesteaks, salads

Number of Locations: 123

Total Investment: $139.5K - $354.6K

Founded: 1998

Began Franchising: 2001

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 120 0 0 3
2013 134 0 0 2
2012 150 0 0 2
2011 129 0 0 17
2010 150 0 0 8
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $139,500 - $354,600
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $40,000
Operations
61% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10 - 15. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 weeks. At franchisee's location: 10 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Lease Negotiation
Marketing Support: Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #333 (2014), #227 (2013), #453 (2011), #225 (2010),

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