Rank no. 429 – Port Of Subs – US
Port Of Subs
Products & Services: Submarine sandwiches
Number of Locations: 137
Total Investment: $168.6K – 299.5K
Began Franchising: 1985
About Port Of Subs
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. Over the next ten years, Larsen opened nine more stores, and in 1985, he began franchising throughout the western U.S. Port Of Subs menu features cold and grilled sandwiches, wraps and salads.
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arizona, California, Idaho, Nevada, Utah, West, Washington.
Startup Costs, Ongoing Fees and Financing
Total Investment: $168,600 – $299,500
Franchise Fee: $10,000 – $15,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $250,000
Liquid Cash Available: $80,000
60% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: Available at headquarters: 1 week. At corporate training store : 3 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Franchise Ranking History
Franchise 500®: #429 (2013), #431 (2012), #463 (2011), #297 (2010), #397 (2009),
Making A Name
In The Sandwich Business
Customers have been enjoying the great taste of Port of Subs® sandwiches for 40 years. In 1972, two brothers from New Jersey opened a modest submarine shop in Sparks, Nevada called the “Sub Shop”. John Larsen, a Public Accountant who had been advising the Sub Shop owners, seized the opportunity to purchase an interest in the business and later bought the business in 1975. 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®”.
Between 1975 and 1985 the Larsens developed ten company-owned units. Throughout the years many people approached them asking for units in other cities because the quality and taste of their products was outstandingly unique. Therefore, with the help of Francorp, the nation’s largest franchise consulting firm, the company began franchising in 1985.
Over the years, the Port of Subs® brand has become synonymous with quality sandwich making and superior customer service. Port of Subs® made-fresh-to-order sandwiches are prepared while the customer looks on. The unique taste comes from freshly sliced, top quality meats and cheeses, freshly baked breads and zesty dressings and spices. Port of Subs® also offers breakfast grillers, Sliced Fresh Grillers™, fresh salads, chips, an extensive line of party trays, desserts and a variety of refreshing beverages.
Currently Port of Subs® has more than 140 units open in seven Western states. Over the years Port of Subs® has developed a proven, effective system of operation that will give you the edge necessary to create a thriving business.