- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$138K - $313K
- Units as of 2021
-
56 9% over 3 years
Company Overview
About Tubby's Sub Shop
Industry | Food |
---|---|
Related Categories | Submarine Sandwiches, Sandwiches |
Founded | 1968 |
Parent Company | Tubby's Sub Shops Inc. |
Leadership | Robert Paganes, President/CEO |
Corporate Address |
30551 Edison Dr., #A Roseville, MI 48066 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 1978 (47 years) |
---|---|
# of employees at HQ | 14 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 56 (as of 2021) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Tubby's Sub Shop 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
|
$25,000 - $39,500 |
---|---|
Initial Investment
|
$137,500 - $313,000 |
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.
In-House Financing | Tubby's Sub Shop offers in-house financing to cover the following: accounts receivable |
---|---|
Third Party Financing | Tubby's Sub Shop 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 |
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 |
Can this franchise be run part time?
|
No |
# of employees required to run | 3-4 |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Tubby's Sub Shop landed on this year's Franchise 500 Ranking versus previous years.
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