Port Of Subs

At a Glance

Products & Services: Submarine sandwiches

Number of Locations: 137

Total Investment: $168.6K - $299.5K

Founded: 1972

Began Franchising: 1985

About Port Of Subs

In 1972, two brothers from New Jersey opened submarine sandwich shop in Sparks, Nevada, naming it simply the Sub Shop. John Larsen bought the business in 1975 and held a contest to choose a new name for the shop. The winner was Port Of Subs. Over the next ten years, Larsen opened nine more stores, and in 1985, he began franchising throughout the western U.S. Port Of Subs menu features cold and grilled sandwiches, wraps and salads.

Franchise Units

Year U.S. Canadian International Company Owned
2012 111 0 0 26
2011 116 0 0 25
2010 114 0 0 25
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arizona, California, Idaho, Nevada, Utah, West, Washington.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $168,600 - $299,500
Franchise Fee: $10,000 - $15,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: Franchise fee waived
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $80,000
Operations
60% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At corporate training store : 3 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #429 (2013), #431 (2012), #463 (2011), #297 (2010),

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