Lennys Grill & Subs

Lennys Grill & Subs

Subs, Philly cheesesteaks, salads
Find out what franchise is right for you
Units as of 2019
81 (26 lost in 3 years)
32.1%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$193K - $431K

Company Overview

The first Lennys restaurant opened in Memphis, Tennessee, in 1998. Known for its signature Philly cheesesteaks, as well as grilled sandwiches, deli sandwiches, and salads, Lennys Grill & Subs uses breads baked fresh daily, meats sliced to order, and freshly prepared toppings.

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About Lennys Grill & Subs

Industry
Food
Related Categories
Sandwiches
Founded
1998
Parent Company
Lenny's Franchise Systems LLC
Leadership
Kevin Martin, CEO

Franchising Overview

Franchising Since
2001 (20 years)
# of employees at HQ
100
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
81 (as of 2019)

Franchisor Information

Corporate Address
8295 Tournament Dr., #200
Memphis, TN 38125

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Lennys Grill & 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
$20,000 - $25,000
Initial Investment
$192,844 - $431,326
Net Worth Requirement
$350,000
Cash Requirement
$75,000
Veteran Incentives
$5,000 off franchise fee
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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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
Lennys Grill & Subs has relationships with third-party sources which offer financing to cover the following: franchise fee, 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
162 hours
Classroom Training
40 hours
Additional Training
As needed
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
8
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Lennys Grill & Subs landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Lennys Grill & Subs ranked on other franchise lists? Find out below.

Ranked #134

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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