Tubby's Sub Shop Inc.
At a Glance
Products & Services: Submarine sandwiches
Number of Locations:
Total Investment: $81.9K - 247K
Founded: 1968
Began Franchising: 1978
About Tubby's Sub Shop Inc.
Founder Richard Paganes opened the first Tubby's Sub Shop in 1968 in St. Clair Shores, Michigan. The company began franchising in 1978 and has locations in the Midwest and southeastern United States. Tubby's, which began as a family-owned and -operated business, is now public and is based in Clinton Township, Michigan.Startup Costs, Ongoing Fees and Financing
Total Investment: $81,900 - $247,000
Franchise Fee: $17,500 - $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $17,500 - $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $350,000 - $500,000
Liquid Cash Available: $75,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 - 4. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Company store : 120 hours minimum.
Ongoing Support: Newsletter, Grand opening, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks,