Submarina Inc.
At a Glance
Products & Services: Sub sandwiches, salads, soups
Number of Locations: 66
Total Investment: $145K - 325K
Founded: 1977
Began Franchising: 1988
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2009 | 66 | 0 | 0 | 0 |
| 2008 | 58 | 0 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $145,000 - $325,000
Franchise Fee: $12,500 - $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $12,500 - $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $70,000 - $95,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8. 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: Available at headquarters: 2 weeks. At franchisee's location: 1 week.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Ad slicks, Regional advertising,
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