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Promoted Opportunities
Initial Investment
LOW: $168,600
HIGH: $299,500
Change in Units
Company Profile
Founded
1972
Franchising Since
1985 (32 Years)
Corporate Address
5365 Mae Anne Ave., #A29 Reno, NV 89523
CEO
John Larsen
About Port Of Subs
In 1972, two brothers from New Jersey opened submarine sandwich shop in Sparks, Nevada, naming it simply the Sub Shop. John Larsen bought the business in 1975 and held a contest to choose a new name for the shop. The winner was Port Of Subs. Over the next ten years, Larsen opened nine more stores, and in 1985, he began franchising throughout the western U.S. Port Of Subs menu features cold and grilled sandwiches, wraps and salads.
Financials
Financial Requirements
Initial Investment
$168,600 - $299,500
Net-worth Requirement
$250,000
Liquid Cash Requirement
$80,000
Ongoing Fees
Initial Franchise Fee
$10,000 - $15,000
Ongoing Royalty Fee
5.5%
Ad Royalty Fee
1%
Financing Options
Veteran Incentives
Franchise fee waived
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List
Operations & Franchisor Support
Training at headquarters: 1 week
Additional Training: At corporate training store
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media
Absentee Ownership Allowed
Number of employees required to run: 6
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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: September 14th, 2012
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