Firehouse Subs Franchise Startup Cost, Revenue and Profit Margin
Firehouse Subs is a popular restaurant brand. If you want to be a part of the restaurant industry and wish you could join a successful franchise maybe you should consider a Firehouse Subs franchise.
In this article, we shall be examining Firehouse Subs as a company. To form the parts of this article, we will be looking at the history of the company.
We will also be looking at the startup cost for a Firehouse Subs franchise. We shall also discuss the franchise fee which the company requires from its franchisees.
We shall also look at the training which the company provides for its franchisees and also the support they provide.
The franchise agreement terms and renewals shall also be discussed in this article.
Is Firehouse Subs a Franchise?
Firehouse Subs is a franchise. Firehouse Subs is a restaurant company and brand. The company was founded 24 years ago, in 1994.
Firehouse Subs was founded by two brothers, Chris Sorenson and Robin Sorenson. Both brothers were former fire-fighters before they started the company.
Chris and Robin are from Jacksonville in the U.S. state of Florida.
The brothers were considering buying a restaurant franchise before they had the idea to start Firehouse Subs. They had the idea immediately after a meeting with the franchisor of the franchise they wanted to buy into.
Over the years since its founding, the brothers have operated the company on a tight budget with an enshrined culture of excellence and managed growth.
Part of the company’s success also comes from grit and determination.
For instance, during the 2009 financial crises, instead of cutting costs and operating a leaner budget as other restaurants did, the company directed funds into marketing and conducted advertising campaigns on the radio. This move helped establish the Firehouse Subs brand.
Firehouse Subs started franchising 23 years ago in1995, 1 year after it was founded.
The company headquarters is located in Jacksonville, in the northeast of Florida, in the United States. The company is a private company. Registered as Firehouse of America LLC.
Part of the concept in decorating Firehouse Subs franchise locations in the display of artwork and fire-fighting memorabilia at the restaurant’s locations.
The meals on the Firehouse Subs menu include sandwiches and salads. The company’s primary meal is Subs, which can be served hot or cold. The company’s submarine style sandwiches are worth every bite.
The company’s current Chief Executive Officer (CEO) is Don Fox.
The company’s corporate address is at 12735 Gran Bay Pkwy., #150 Jacksonville, FL 32258.
How Much Does Firehouse Subs Franchise Cost?
Entrepreneurs who wish to join the Firehouse Subs franchise are required to make a franchise fee payment of $20,000 (U.S. dollar).
The franchisees are also required to present a liquid asset capital of $80,000 (U.S. dollar). These are among other fees that are required to be paid by the franchisee.
Firehouse Subs Franchise Fee
Firehouse Subs requires its franchisees to pay a franchise fee of $20,000 (U.S. dollar). Other fees that are required to be paid by the franchisee include a royalty fee of 6% of gross sales per accounting period and a local advertising fee of 4% gross sales.
Firehouse Subs Franchise Startup Cost
Firehouse Subs intending franchisees should expect a startup cost at a low of $94,783 (U.S. dollar) and a high startup cost of $1,006, 366 (U.S. dollar).
Firehouse Subs Franchise Training and Supports
Firehouse Subs provides training and support for its franchisees. The franchisee is expected to complete the training to the satisfaction of the company.
Firehouse Subs franchise training lasts for 8 weeks. The early weeks of the training are conducted at the company’s designated franchise restaurants.
The final week of the training is conducted at the company’s headquarters in Jacksonville, Florida. The training is conducted for the principal.
Firehouse Subs also provides support for its franchisees. The support which the company provides for its franchisees include;
- The company supports its franchisees with local marketing.
- Franchisees also receive advertising support from the company.
- Firehouse Subs supports its franchisees with ongoing training.
- As a franchisee of Firehouse Subs franchise, you get access to a toll-free support line.
- Franchisor also provides online support for franchisees.
- You will also receive site selection support from the company.
- The company also supports franchisees with a grand opening for the franchise location.
Firehouse Subs Franchise Terms of Agreement/Renewal
The initial franchise agreement for a Firehouse Subs franchise has a length of 10 years. The franchise agreement can be renewed for two additional terms of 5 years each if the franchisee meets the conditions set by the company.
How Much Does a Firehouse Subs Franchise Make?
The amount a Firehouse Subs franchise makes cannot be known for sure. But the franchisee should expect to make a reasonable amount of money with the franchise especially if the store is located in the right location.
How to Open a Firehouse Subs Franchise
Entrepreneurs and business people seeking to take advantage of the franchise opportunity to open a Firehouse Subs franchise should contact the company directly on its website at www.firehousesubs.com to complete the franchise request form. The company can also be reached by phone at 1.877.887.8330.