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

Franchise Units

Year U.S. Canadian International Company Owned
2011 66 0 0 6
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
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $60,000
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
Franchise Fee
Startup Costs
Accounts Receivable

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,