Tubby's Sub Shop Inc.

Tubby's Sub Shop Inc.

Subs
Units as of 2020
61 (3 years)
7%
2020 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$113K - $294K

What Can a Franchise Advisor Do for You?

Company Overview

Founder Richard Paganes opened the first Tubby’s Sub Shop in 1968 in St. Clair Shores, Michigan. The company began franchising in 1978 and has locations in the Midwest and southeastern United States. Tubby’s, which began as a family-owned and -operated business, is now public and is based in Clinton Township, Michigan.

About Tubby's Sub Shop Inc.

Industry
Food
Related Categories
Sandwiches, Food,
Founded
1968
Parent Company
Tubby's Sub Shops Inc.
Leadership
Robert Paganes, CEO

Franchising Overview

Franchising Since
1978 (43 years)
# of employees at HQ
14
Where seeking
Franchisor is seeking new franchise units in the following regions/states:
Florida, Michigan, Ohio
# of Units
61

Franchisor Information

Social
Twitter Facebook
Corporate Address
30551 Edison Dr., #A
Roseville, MI 48066

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Tubby's Sub Shop Inc. 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
$17,500 - $20,000
Initial Investment
$112,900 - $293,500
Net Worth Requirement
$75,000
Cash Requirement
$75,000
Royalty Fee
4-6%
Ad Royalty Fee
4%
Term of Agreement
5 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
Tubby's Sub Shop Inc. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll

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
92 hours
Classroom Training
28 hours
Additional Training
Company store
Ongoing Support
Newsletter
Grand Opening
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
# of employees required to run
3
Are exclusive territories available?
No

What Can a Franchise Advisor Do for You?

Our Franchise Advisors are here to help make your franchise dreams a reality. They’ll provide guidance and support throughout your journey to make the process of opening a franchise seamless.

Franchise 500 Ranking History

Compare where Tubby's Sub Shop Inc. landed on this year’s Franchise 500 Ranking versus previous years.

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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: October 23rd, 2020
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