How To Open a Port of Subs Franchise To be part of the Port of Subs team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, or renewal fees.
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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 $116,009 per year.
Who is the founder of Port of Subs?
John LarsenMaking A Name In The Sandwich Business Our story began over 45 years ago, when two brothers from New Jersey opened a modest submarine shop in Sparks, Nevada called the “Sub Shop”. John Larsen and his family seized the opportunity to purchase an interest in the business and later bought the company in 1975.
How do you open a port on a subwoofer?
Two people per restaurant are required to successfully complete the Port of Subs®' training in a Certified Training Restaurant. One person will spend four weeks of training in the restaurant and at the Port of Subs® Corporate Office in Reno, Nevada. The second person will spend two weeks of training in the restaurant.
How Do franchise fees work?
Franchise marketing fees are usually based on your monthly revenue. For instance, if your average monthly revenue is $25, 000, and the franchisor charges a 2% marketing fee, you'll have to pay your franchisor $500. (That's $6, 000 annually.)
How many locations does Port of Subs have?
145Port of SubsA former Port of Subs restaurant in American Fork, Utah.HeadquartersReno, Nevada, U.S.Number of locations145 (2020)Area servedWestern United StatesProductsSubs Wraps Salads Beverages8 more rows
How did Port of Subs get its name?
After taking the helm, Larsen sponsored a community-wide contest to choose a name for the Sub Shop to differentiate it from imitators. In a review of more than 10,000 contest entries, Larsen chose the name…”Port of Subs”.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
What is a normal franchise fee?
Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
Who pays the franchise fee?
Key Takeaways. Franchise fees are any costs that a franchisee must pay to the franchisor to use its brand and resources. These can include large initial payments and ongoing percentages of revenue. The FTC requires an initial fee of at least $500 to consider a franchise agreement valid.
Where was Port of Subs founded?
1972, Sparks, NVPort of Subs / Founded
What was the name of the old mascot for Port of Subs?
the Captain of QualityPort of Subs on Twitter: "Talk about a #throwback! Anyone remember our old mascot the Captain of Quality?
How do I check my Port of Subs gift card balance?
You can check your balance three ways:Check the bottom of your receipt. When you use your Eat & Earn Rewards card, your reward balance will print at the bottom of the ticket.Ask a team member. We can check the balance on your card just by swiping it at the register.Register your card.
Company Overview
In 1972, two brothers from New Jersey opened submarine sandwich shop in Sparks, Nevada, naming it simply the Sub Shop. John Larsen bought the business in 1975 and held a contest to choose a new name for the shop. The winner was Port Of Subs.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Port Of Subs 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.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Port Of Subs landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Port Of Subs ranked on other franchise lists? Find out below.
Basics of a Port of Subs Franchise
If you’re thinking about buying a Port of Subs franchise, there are many things to consider before signing on the dotted line. Becoming a Port of Subs franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.
Port of Subs Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Port of Subs franchise is right for you.
Port of Subs Franchise Disclosure Document
Carefully read the Port of Subs Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
Does a Port of Subs Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Port of Subs franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
How much does a Port of Subs franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
How many states are Port of Subs franchised in?
Based on 2020 FDD data, Port of Subs has franchise locations in 7 states. The largest region is the West with 110 franchise locations. AZ.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 110 franchised Port of Subs locations in the USA.
Step 2: Franchise Application
After submitting your request in Step 1 you will receive a welcome email and we will set up our first call. After the call we will send you a link to our electronic franchise application.
Step 3: Franchise Disclosure Document (FDD)
Upon financial qualification, we will schedule a face-to-face meeting to provide you with a Franchise Disclosure Document (FDD). The content contained in the FDD will help you make an informed business decision regarding the purchase of a Port of Subs® franchise.
Step 4: Discovery Day
Attend a Discovery Day at the Port of Subs® Corporate Headquarters in Reno, Nevada. You will spend a portion of the day at a Port of Subs® restaurant, where you will observe the operation of the restaurant alongside the manager and staff. You will spend the remainder of the day at our Corporate Headquarters getting to know the team.
Step 5: Franchise Agreement
Review and sign the Port of Subs® Franchise Agreement, and you are officially a Port of Subs® franchisee!
Step 6: Find the Perfect Site
Working with you, Port of Subs® will help select a great location among many trade areas available in the Western states. Existing trade areas are in Arizona, California, Idaho, Nevada, Oregon, Utah, Washington and Wyoming.
Step 7: Prepare to Open Your Restaurant
Working with the landlord, you will execute a lease for your Port of Subs® restaurant. The Corporate Design and Construction Team assist in pre-construction restaurant layouts and will work hand-in-hand with you throughout the project. Architects and contractors help you submit the plans, obtain the permits and construct the restaurant.
Step 8: Open Your Restaurant
Welcome to the Port of Subs® family – let the excitement begin! Dedicated, hands-on, local Franchise Field Consultants and Field Marketing Consultants offer up to 10 days opening support.