Lennys Grill & Subs
Subs, Philly cheesesteaks, salads

Lennys Grill & Subs
Subs, Philly cheesesteaks, salads

About
Founded

1998

Franchising Since

2001 (18 Years)

Corporate Address

8295 Tournament Dr., #200
Memphis, TN 38125

CEO

Kevin Martin

Parent Company

Lenny's Franchise Systems LLC

Financial Requirements
Initial Investment

$192,844 - $431,326

Net-worth Requirement

$350,000

Liquid Cash Requirement

$75,000

Ongoing Fees
Initial Franchise Fee

$20,000 - $25,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Financing Options

Lennys Grill & Subs has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Veteran Incentives

$5,000 off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

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

On-The-Job Training:

162 hours

Classroom Training:

40 hours

Additional Training:

As needed

Absentee Ownership Allowed
Number of Employees Required to Run:

8 - 10

Bio
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.
Cost
Initial Investment: Low - $192,844 High - $431,326
Units
-6.1%-6 UNITS (1 Year) -17.1%-19 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: August 26th, 2019