- 2024 Franchise 500 Rank
-
#258 Ranked #275 last year
- Initial investment
-
$311K - $528K
- Units as of 2023
-
130 2% over 3 years
From their delicious turkey bacon ranch wrap to their yummy New York steak sandwich, Port of Subs has always had a tasty business. The company began as the Sub Shop, a modest submarine sandwich shop in Sparks, Nevada, founded by two brothers in 1972. John Larsen bought it and renamed it Port of Subs in 1975. Port of Subs soon became ten fully-owned units popular for their outstanding taste and quality servings. In 1985, Larsen decided to begin franchising the concept. Now, there are over 110 Port of Subs locations in the United States.
Why You May Want to Start a Port of Subs Franchise
Since the mid-1980s, Port of Subs has been offering franchise opportunities all over the U.S. For decades, the company has been serving quality meats, fresh bread, spices, and cheeses. Today, franchisees serve cold or grilled sandwiches, salads, wraps, and zesty dressings. Altogether, these delicious foods and the company's business model form a good opportunity for potential franchisees.
Opening a Port of Subs franchise typically trumps going at it alone. You'll likely benefit from a quicker setup, a well-developed customer base, less risk, and faster growth. As a franchisee, you'll be committed to following the company's precise product instructions and business operating system. The franchisor provides the tools, and you'll have access to their time-tested sales models, recognized name, vendor relationships, and purchasing power.
What Might Make a Port of Subs Franchise a Good Choice
Port of Subs currently operates in several franchise locations across the country, and the business is continually offering locations to franchisees. Port of Subs seeks individuals or teams dedicated to growth, consistency, convenience, and quality. Independent franchisees will have the opportunity to build loyal customer streams to possibly help them achieve personal goals.
Of course, franchise revenues will depend on specific factors, including your location, traffic, and lease rates. However, the franchise term with Port of Subs typically lasts for ten years, and if you are successful in your business ventures, Port of Subs may welcome the renewal of your contract. While working with them, you will also have territory rights and comprehensive franchisor support.
How To Open a Port of Subs Franchise
To be part of the Port of Subs team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, or renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
As you begin the process of opening a Port of Subs franchise, you will have the support of the main company. Advisors are available to help you at every step of the way, and through training and conventions, you will have all the necessary tools to create your business.
Soon after, your adventure into the delicious world of the Port of Subs franchise will begin. Where will you let it take you?
Company Overview
About Port of Subs
| Industry | Food |
|---|---|
| Related Categories | Submarine Sandwiches, Sandwiches |
| Founded | 1972 |
| Parent Company | Area 15 Ventures LLC |
| Leadership | Adam Contos, CEO |
| Corporate Address |
480 E. Happy Canyon Rd. Castle Rock, CO 80108 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
| Franchising Since | 1985 (39 years) |
|---|---|
| # of employees at HQ | 42 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 130 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Port of Subs franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$25,000 |
|---|---|
|
Initial Investment
|
$310,500 - $528,225 |
|
Net Worth Requirement
|
$250,000 |
|
Cash Requirement
|
$100,000 |
|
Veteran Incentives
|
$8,500 off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Port of Subs has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 200 hours |
|---|---|
| Classroom Training | 25-40 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 6-10 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Port of Subs landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Port of Subs ranked on other franchise lists? Find out below.
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