Full Answer
See more
How much does a Firehouse Subs franchise owner make?
The estimated total pay for a Franchise Owner at Firehouse Subs is $116,009 per year.
How much is Firehouse Subs franchise?
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 $100,000 in liquid cash to invest in order to qualify for financing for the investment.
What is Firehouse Subs net worth?
US$ 1.10 billionFirehouse SubsFirehouse Subs in Gahanna, OhioRevenueUS$695 million (2019) US$ 1.09 billion (2021; system-wide sales)Net incomeUS$ 2 million (2021)Total assetsUS$ 1.10 billion (2021)Number of employeesAbout 2,00015 more rows
How much is a Jersey Mike's franchise?
InvestmentType of ExpenditureActual or Estimated AmountsWhen DueInitial Franchise Fee$18,500On Signing of the Franchise AgreementReal Estate and Construction Fee$5,000On Signing LeaseRent/Lease CAM/Taxes/Lease and Utility Security Deposits$0 - $38,250MonthlyArchitectural Fees$4,876 - $16,000As Arranged15 more rows
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does Firehouse Subs profit a year?
Firehouse Subs revenue is $695.0M annually. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Firehouse Subs has 2,000 employees, and the revenue per employee ratio is $347,500. Firehouse Subs peak revenue was $695.0M in 2021.
Who owns Firehouse Subs now?
Restaurant Brands InternationalFirehouse Subs / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
Is Firehouse Subs owned by Burger King?
announced that it has completed its previously announced acquisition of Firehouse Restaurant Group Inc. for $1 billion. With the close of the acquisition, RBI adds a strong, loved and purpose-driven restaurant brand to its existing family of quick service restaurant brands, Tim Hortons, Burger King, and Popeyes.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
How much is it for a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
What is Sonic's franchise fee?
$45,000Requirements to own a SONIC franchise What does it take to become a SONIC franchisee? The franchise fee is $45,000, with a total investment for a traditional SONIC ranging from $1.02 to $1.77 million (excluding land). The net worth of a partner can be used toward the total net worth/liquidity requirements.
Who owns Firehouse Subs now?
Restaurant Brands InternationalFirehouse Subs / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
How much profit does a Subway franchise make?
Average Sales / Revenue per Year This includes all of their units in the United States. They generate an annual average of $422,000 sales per franchise unit. Statistically speaking, most franchises make only an average of 7.5% of their annual sales, which comes around to $31,000 profit.
Who is the CEO of Firehouse Subs?
Don M. Fox (2009–)Firehouse Subs / CEODon Fox is Chief Executive Officer of Firehouse of America, LLC, in which he leads the strategic growth of Firehouse Subs, one of America's leading fast casual restaurant brands. Under his leadership, the brand has grown to more than 1,190 restaurants in 46 states, Puerto Rico, Canada, and non-traditional locations.
What is the net worth of subway?
Not merely famous for his net worth, he is best known as the founder of Subway, one of the most successful fast food franchises on the entire planet....Fred DeLuca Net Worth.Net Worth:$2.8 BillionProfession:Entrepreneur, BusinesspersonNationality:United States of America2 more rows
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.
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.
