Lenny's Sub Shop
At a Glance
Products & Services: Philly cheesesteaks, subs & salads
Number of Locations: 146
Total Investment: $137K - 370.5K
Founded: 1998
Began Franchising: 2001
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 129 | 0 | 0 | 17 |
| 2010 | 150 | 0 | 0 | 8 |
| 2009 | 160 | 0 | 0 | 2 |
| 2008 | 168 | 0 | 0 | 2 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $137,000 - $370,500
Franchise Fee: $20,000 - $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $20,000 - $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $40,000
Operations
95% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15. 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: 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,
Marketing Support: Ad slicks, Regional advertising,
Franchise Ranking History
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