Lenny's Grill & Subs

Lenny's Grill & Subs

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Promoted Opportunities

Initial Investment

LOW: $188,216
HIGH: $396,146

Change in Units

Company Profile

Founded

1998

Franchising Since

2001 (16 Years)

Corporate Address

8295 Tournament Dr., #200 Memphis, TN 38125

CEO

Kevin Martin

Parent Company

Lenny's Grill and Subs

About Lenny's Grill & Subs

Len Moore started out as a busboy and worked his way up to general manager of a restaurant by the age of 18. He continued to work in food service management throughout his life and was one of the earliest Chick-Fil-A franchisees. In 1998, he and his wife Shelia decided to open their own restaurant, a sandwich shop, in Bartlett, Tennessee. Though they only planned for a single unit, the popularity of Lenny's Sub Shop led them to franchise in 2001. After selling the company in 2004, Moore still stayed involved in the business-- this time as Lenny's Sub Shop franchisee.

Financials

Financial Requirements

Initial Investment

$188,216 - $396,146

Net-worth Requirement

$350,000

Liquid Cash Requirement

$75,000 - $125,000

Ongoing Fees

Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Financing Options

Lenny's Grill & Subs has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


$5,000 off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 196 hours

Training at headquarters: 40 hours

Additional Training: As needed

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 15 - 20

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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: July 21st, 2017

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