How much does a Firehouse Subs franchise cost? Firehouse Subs has a franchise fee of up to $20,000, with a total initial investment range of $57,502 to $862,591. Initial Franchise Fee: $20,000
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How much does a Firehouse Subs franchise cost?
How much does Firehouse Subs franchise cost? Firehouse Subs has the franchise fee of up to $20,000, with total initial investment range of $92,255 to $824,846. Firehouse Subs Franchise Info: www.firehousesubs.com/own-a-franchise
What happened to Firehouse Subs in 2020?
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. Firehouse Subs has seen franchise unit increases over the last three years, and average franchise revenues have increased as well.
What is the profit margin for firehouse of America franchisors?
business for the franchisor Firehouse of America, with profit margins of 6% and 8% in 2019 and 2020, respectively. They were able to increase profitability from 2019 to 2020 in large part because they were able to cut costs by 12%.
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.
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How much does a firehouse franchise owner make?
$116,018. The estimated total pay for a Franchise Owner at Firehouse Subs is $116,018 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $69,754 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 currently owns Firehouse Subs?
Restaurant Brands International completes its purchase of Firehouse Subs. Restaurant Brands International on Wednesday said that has completed its $1 billion acquisition of Firehouse Subs. The deal gives the Toronto-based fast-food chain operator its fourth brand, to go along with Burger King, Tim Hortons and Popeyes.
How many Firehouse Subs franchises are there?
Their first location opened in Jacksonville, FL in 1994, and since they began offering franchises in 2005, they have grown to over 1,180 locations across 46 states, Puerto Rico, and Canada. The Current CEO is Don Fox, who has held that position since 2009.
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.
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.
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.
How does Firehouse Subs heat their meat?
Firehouse Subs calls it their winning combination — steaming the meats and cheeses to release flavor, then stuffing it all into a toasted sub roll. “It is this method that sets us apart from the other sub shops, along with quantity and quality of meats and cheeses,” owner Eric Engelstad said.
What meat does Firehouse Subs use?
USDA Choice roast beef, smoked turkey breast, Virginia honey ham, and melted provolone, served Fully Involved.
Are Firehouse Subs unhealthy?
Firehouse Subs offers some nutritious, low-calorie foods, and you can maintain complete control over your order—allowing this restaurant to please a number of discerning palates and diets. But most menu options are relatively high in sodium.
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 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 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 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
How long does it take for Firehouse Subs to advertise?
Firehouse Subs requires you to conduct a market introduction advertising and promotional program within the first 12 months after the opening of the Restaurant. This requirement may be waived if your Restaurant exceeds the franchisor’s expectations for sales performance.
How many people can you train at Firehouse Subs?
If space is available at such training sessions, Firehouse Subs will provide initial training for up to 3 additional people at no charge for a total of 5 attendees.
What items are included in Firehouse Subs?
This item may include tables and booths, sinks, refrigerators, ovens, steamers, ventilation systems, display cases, stools, chairs, utensils, computers, POS System, a phone system and facsimile machine that meets Firehouse Subs’ specifications and standards, a desk, filing cabinets, and related office supplies for a Restaurant.
Does Firehouse Subs offer financing?
Firehouse Subs does not offer financing directly or indirectly for any part of the initial investment for your Restaurant. The actual lowest total investment for an individual Restaurant of this category during 2020 was $264,477 and the actual highest total investment for an individual Restaurant was $595,926.
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.
