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How many franchisees does Firehouse Subs have?
Firehouse Subs Owner Satisfaction Report Firehouse Subs conducted their franchise review in April 2022, and collected feedback from 52% of the active franchisees (265).
How much does a Firehouse Sub franchise owner make?
Salary Details for a Franchise Owner at Firehouse Subs The estimated base pay is $69,688 per year. The estimated additional pay is $46,321 per year.
What is the franchise fee for Firehouse Subs?
$20,000The initial single-unit franchisee fee is $20,000. The average total cost for a traditional Firehouse Subs restaurant is $412,731. Investors would need a minimum of $100,000 in liquid cash to invest in order to qualify for financing for the investment.
Who owns Firehouse Subs now?
Restaurant Brands InternationalFirehouse Subs / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
What is the highest paid franchise?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Do franchise owners get rich?
According to a survey done by Franchise Business Review*, the average pre-tax annual income of franchise owners in the U.S. is about $80,000. However, only 7% of franchise owners earn over $250,000 per year with 51% earning less than $50,000.
How much do franchise owners make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much deposit do you need for a franchise?
Note: To get approved you must either have a minimum of 50% deposit or equity in a property that you own.
How much does a 7/11 franchise make a year?
Now let's take a look at how much profit can you expect if you are to franchise a 7-Eleven. As posted on 7-Eleven's website, the minimum guaranteed gross income is $365,500 for Fuel stores and $399,000 for Non Fuel stores. In the first $500,000 earnings of the store, the franchisee earns 50% and 7-Eleven charges 50%.
How much money does Firehouse Subs make a year?
Fast casual restaurant chain Firehouse Subs generated sales of 1.04 billion U.S. dollars from its establishments in the United States in 2021....Sales of Firehouse Subs in the United States from 2014 to 2021 (in million U.S. dollars)CharacteristicSales in million U.S. dollars201983220187942017715.92016683.544 more rows•Aug 25, 2022
How much does Burger King pay Firehouse Subs?
$1 BillionThe chain's sales have tripled in size since 2010. Restaurant Brands International Inc. announced that it has completed its previously announced acquisition of Firehouse Restaurant Group Inc.
What do they say when you walk into Firehouse Subs?
NORTON SHORES, MI – “Ten-12, welcome to Firehouse,” the crew will shout when you walk into the new Firehouse Subs at 3194 Henry St.
How much do franchise owners make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much do franchise owners pay themselves?
Percent fees are based on total gross sales and are usually between 5 – 9%.
How much money do you make when you own a franchise?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Do franchise owners set salary?
In some cases, to maintain uniformity or to take advantage of bulk purchasing, a franchisor may recommend its franchisees pay their employees using a particular vetted and approved payroll software. In other situations, franchise owners may have complete freedom to choose whatever payroll method they see fit.
How many Firehouse Subs locations are there in the USA in 2022?
There are a total of 1196 Firehouse Subs locations in the USA as of July 13, 2022.
Which States & Territories has the most number of Firehouse Subs locations in the USA?
Florida has the most number of Firehouse Subs with 177 locations.
How many States & Territories in the USA do not have any Firehouse Subs locations?
American Samoa in the USA do not have any Firehouse Subs locations.
Where can I find the Firehouse Subs locations map?
You can find the Firehouse Subs locations map here.
From where can I download the Firehouse Subs locations dataset?
You can download the Firehouse Subs locations dataset from here.
Which city has the most number of Firehouse Subs locations in the USA?
Jacksonville has the most number of Firehouse Subs with 19 locations.
When did Firehouse Subs start franchising?
Franchising. Firehouse Subs first attempted franchising in 1995. Soon after, the founders decided to pull back on the idea, eventually buying back those franchised locations. Instead, they chose to focus on operating company-owned stores only, especially in the Jacksonville area.
How many states does Firehouse Subs have?
Firehouse Subs has opened over 1,200 restaurants in 46 states as well as Puerto Rico, Canada and non-traditional locations.
What is the purpose of Firehouse Subs Public Safety Foundation?
The mission of Firehouse Subs Public Safety Foundation is to impact the lifesaving capabilities, and the lives, of local heroes and their communities.
What is Firehouse Rewards?
In 2015, the company introduced its first digital loyalty rewards program, Firehouse Rewards, which allows customers to earn and redeem points for each visit through a smartphone app.
When did Firehouse Subs open?
After a few attempts at various business ventures they opened a restaurant, Firehouse Subs. On October 10, 1994, the first Firehouse Subs restaurant opened in Jacksonville, Florida. Over the period of 27 years, Firehouse Subs has opened more than 1,200 restaurants across 46 states, Puerto Rico, Canada and non-traditional locations.
How many restaurants does Caribbean Restaurants have in Puerto Rico?
Territory of Puerto Rico and opened the first store in 2011. Currently, the company operates 13 restaurants in Puerto Rico.
Is Firehouse Subs a franchise?
Firehouse Subs has been ranked No. 1 by Technomic's Chain Restaurant Consumers' Choice Awards among fast casual brands in the categories of overall brand (2017), food quality (2016), service (2015) and atmosphere (2014). Forbes recognized Firehouse Subs in 2018 as a Best Franchise to Buy.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Is Firehouse Subs a franchise?
Firehouse Subs is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts!
Firehouse Subs Franchise Requirements
In addition to the fees associated with opening a franchise, the Firehouse Restaurant Group requires that franchisors have a minimum of $80,000 to invest, a credit score of at least 650, along with a strong inner drive for excellence, devotion to the Firehouse Subs business, community-mindedness, and a love of subs.
How many Firehouse Subs units have opened and closed?
Over the last three years, Firehouse Subs has been growing at an average of 21 franchises a year. One franchise closed in 2020, but that is not surprising in a year that many restaurants across the country were forced to close due to the pandemic.
Conclusion
Firehouse Subs has seen franchise unit increases over the last three years, and average franchise revenues have increased as well. However, there are high initial costs of opening a franchise, and based on the industry multiple, it will be difficult to sell the franchise at a profit.
Overview
History
Brothers Chris Sorensen and Robin Sorensen followed the same career path as their father Rob Sorensen, a 43-year veteran of the Jacksonville Fire and Rescue Department in Jacksonville, Florida.
On October 10, 1994, the first Firehouse Subs restaurant opened in Jacksonville. Firehouse Subs first attempted franchising in 1995. Soon after, the founders de…
Restaurant concept and food
Owning to the Sorensens' involvement in firefighting, the interior decor of Firehouse Subs locations are inspired by fire stations, and often include firefighter equipment and memorabilia. Each restaurant features a custom mural, hand-drawn and painted at the company's headquarters in Jacksonville, Florida. The murals reflect fire and police service unique to each restaurant's community or town. No two of the more than 1,200 murals painted are the same.
See also
• List of submarine sandwich restaurants
External links
• Official website