How much does it cost to open a Firehouse Subs?
Average Firehouse Subs Franchise Cost. According to their official website, an initial investment for a single Firehouse Subs restaurant ranges from $131,150 to $928,405.
How many Firehouse Subs restaurants are there?
Firehouse Subs is a U.S.-based, fast casual restaurant chain founded in 1994 in Jacksonville, Florida by former firefighter brothers Robin and Chris Sorensen. Firehouse Subs has opened over 1,135 franchise restaurants in 44 states as well as Puerto Rico and Canada.
Why invest in Firehouse Subs?
As a leader in the fast casual sandwich industry, the demand for our uniquely-prepared Specialty Subs has blazed a trail all the way across the U.S. With our strong brand identity, exceptional franchisee relationships, and passionate executive team, Firehouse Subs is perfectly poised for development with the right investor.
Who is the CEO of Firehouse Subs?
Don Fox, chief executive officer of Firehouse Subs, said, “At Firehouse Subs we are united in our commitment to and passion for hearty and flavorful food, heartfelt service, and public safety. Joining the RBI family of brands provides an energizing opportunity to assist more communities, not only across America and Canada, but around the globe.
How much ownership does Firehouse Subs have?
How much does a Firehouse Subs restaurant cost?
What is the renewal fee for a franchise?
What to do if you don't have enough funds?
How long does franchising training take?
Does Firehouse Subs franchise charge startup fee?
Is it better to buy a Firehouse Subs store?
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How much does a Firehouse Subs franchise owner make?
The estimated total pay for a Franchise Owner at Firehouse Subs is $116,018 per year.
How much does it cost to buy a franchise of Firehouse Subs?
The 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 bought the Firehouse Subs franchise?
The chain's sales have tripled in size since 2010.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
How much does Burger King pay Firehouse Subs?
$1 billionOperators wanted a piece of Firehouse Subs. In mid-November, the Burger King, Tim Hortons, and Popeyes owner announced it agreed to acquire the 1,200-unit sandwich chain for $1 billion in an all-cash deal.
Is Firehouse Subs still owned by firefighters?
— Firehouse Subs, the Jacksonville-based restaurant chain founded by Jacksonville firefighters more than 25 years ago, is set to be acquired by Restaurant Brands International Inc. in a $1 billion deal.
How much did Firehouse Subs sell?
$1 billionTwo weeks ago, Firehouse Subs employees, franchisees and customers woke up to the news that the Jacksonville-based sandwich chain had been sold for an eye-popping $1 billion cash sale to Restaurant Brands International, the parent company of Burger King, Popeyes and others.
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
How Much Is a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
Who is the CEO of Firehouse Subs?
Don M. Fox (2009–)Firehouse Subs / CEO
How much does it cost for a Baskin Robbins franchise?
Baskin-Robbins Franchise / Initial Investment / Baskin-Robbins Franchise Income. The estimated initial investment required to open a Baskin-Robbins ice cream franchise is $94,350 to $402,200, including an initial franchise fee of $25,000.
How much money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
What is the net worth of subway?
Subway was founded by 17-year-old Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines in Bridgeport, Connecticut....Subway (restaurant)Subway restaurant at The Burwood Plaza Shopping Centre in Sydney, AustraliaRevenueUS$16.1 billion (2019) US$10.2 billion (U.S.)OwnerDeLuca family14 more rows
Firehouse Subs Franchise Costs & Fees
The total investment necessary to begin operation of a single Firehouse Subs Restaurant ranges from $57,502 to $862,591 for Traditional restaurants; $355,118 to $644,047 for End-Cap Strip Mall Restaurants w/ Drive Thru; and $868,696 for Free-Standing Restaurants w/ Drive Thru. These totals include the following amounts that must be paid to the franchisor or their affiliates: an initial ...
Firehouse Subs Franchise (Costs + Fees + FDD) | Franchise Direct
Find detailed information about Firehouse Subs franchise costs and fees. Firehouse Subs franchise restaurants offer and serve large-portion hot submarine style sandwiches.
Firehouse Subs Franchise Review - Average Sales, Cost of Sales, Wages ...
9. Firehouse Subs was founded in 1994 by brothers Chris and Robin Sorensen in Jacksonville, Florida. The Sorensens were firefighters like their their father, Captain Rob Sorensen, a 43-year veteran of the Jacksonville Fire & Rescue Department in Jacksonville.
Firehouse Subs - Average Gross Sales, Food Costs, Labor Expenses, Rent ...
Firehouse Subs plans to open a second Canadian location by the end of 2016. Chain Picks New Marketing Agency. Firehouse Subs, which is in its second year of national TV advertising, is going in a different direction this year, both in terms of angle and advertising agency.
Firehouse Subs Franchise Opportunity | FranchiseOpportunities.com
Firehouse Subs - Franchise. Quick Franchise Summary. As a leader in the fast casual sandwich industry, the demand for our uniquely-prepared Specialty Subs is blazing a trail across the country, opening up fast-casual food opportunities in new and existing markets.
What is Firehouse Subs Public Safety Foundation?
Community Service. The Firehouse Subs Public Safety Foundation was launched to give back to communities. Since its inception in 2005, the Foundation has awarded more than $50 million in grants to improve the life-saving capabilities of local first responders. Extensive Training.
Is Firehouse Subs a fast casual franchise?
With our strong brand identity, exceptional franchisee relationships, and passionate executive team, Firehouse Subs franchises are perfectly poised for development with the right investor.
How much ownership does Firehouse Subs have?
As a franchise owner, you are also required by the company to: Have and retain at least 50% ownership of the restaurant. Faithfully, honestly, and diligently perform your obligations under the Franchise agreement at all times.
How much does a Firehouse Subs restaurant cost?
According to their official website, an initial investment for a single Firehouse Subs restaurant ranges from $131,150 to $928,405. The cost may go as high as over $1.2 million based on the company’s Franchise Disclosure Document (FDD) for 2016.
What is the renewal fee for a franchise?
Renewal fee: 25% of the initial franchise fee
What to do if you don't have enough funds?
If you don’t have enough fund, you could seek assistance from financing companies. One such agency is the Firehouse Subs’ affiliate, Capital 94, which provides funding for equipment.
How long does franchising training take?
The company also requires you to undergo a series of training. The program typically lasts up to 8 weeks. Within the initial 6-7 weeks, you (and one of your employees) would train at the franchisor’s restaurants.
Does Firehouse Subs franchise charge startup fee?
Note that the said Firehouse Subs franchise startup fee applies to the opening of a single unit.
Is it better to buy a Firehouse Subs store?
Still, better than buying as a customer, put up a Firehouse Subs store and help spread the good cause, all while earning money. Good luck!
