Firehouse Subs Franchise- Know All About Ownership And Costs
The humble start of Firehouse Subs in 1994 by two brothers gained popularity in a short period due to its taste and soother environment. Seeing the huge response from customers and management challenges, the brand expanded its network and offered to become its family part. Their basic requirement is the right investors fulfill the criteria and own the franchise.
A common question asked by many people is how much a Firehouse Subs franchise is. It varies based on factors like location, size, market conditions, and built-out requirements. However, a random estimate indicates that the initial franchise fee is around $20,000. Other expenditures like royalty fees, advertising fees, and so on are additional.
If you are looking for restaurant franchise opportunities, the Firehouse Subs is a standout option for sandwich franchises. But how much is a Firehouse Subs franchise? What does the ownership process look like? And is it the right franchise for sale for you? Get answers to all these questions and more in this article.
Overview Of Firehouse Subs Franchising
After making its name and fame in serving delicious dishes, Firehouse Subs also offers its identity-based franchising model to entrepreneurs who want to own a franchise. The attractive aspects you would get after buying it include comprehensive training, fantastic support systems, and a loyal customer base. Its commitment to quality ingredients, friendly services, and active community involvement makes the brand distinct from other sandwich franchises. After a brief introduction, let’s discuss how much cost the Firehouse demands for its opening.
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Firehouse Subs Franchise Cost
It is very important to know how much money to invest before getting into any restaurant franchise opportunities. Firehouse Subs franchise cost is calculated by many factors and most of these are picked from the Franchise Disclosure Document (FDD):
- Initial Franchise Fee: You must pay this franchisee fee as a starting amount and it is $20,000.
- Build-Out and Equipment: This amount ranges from $400,000 to $500,000.
- Liquid Capital Requirement: Make sure at least $150,000 in liquid cash is secure.
These things make Firehouse Subs a good choice when looking at food stores to own.
Ongoing Fees and Royalties
Besides the initial investment, there are other costs that franchisees will incur.
- Royalty Fees: You must pay Firehouse Subs 6% of what your store makes in sales.
- Advertising Fees: For store sales on ads, you must use 3% to 5% of your budget.
Knowing all these costs is very important when thinking about opening a Firehouse Subs store.
How to Buy a Firehouse Subs Franchise
If you are interested in owning a Firehouse Subs store, here’s what you need to do. First of all, let’s outline the simple steps to begin:
- Research: Learn about the company and its opportunities for development.
- Application: Check your personal and business finances.
- Approval: If approved, start designing your future Subshop location.
- Agreement: Pay the starting fee and sign the papers to become a Firehouse Subs owner.
- Training: Complete the required training program.
- Opening: Team up with Firehouse Subs to find a good spot and open your new restaurant.
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Why Choose Firehouse Subs Among Other Restaurant Franchises?
A common question asked by investors about firehouse subs ownership. They inquire that among the presence of so many food chains, why do they prefer Firehouse Subs? Let’s find its answer from the facts below:
- Strong Brand Recognition: Firehouse Subs has a dedicated following among its competitors and its happy fans keep coming back there.
- Proven Business Model: Firehouse has grown big, with more than 1,200 stores doing well across the country.
- Community Focus: The chain helps keep people safe and supports local towns, which makes both customers and store owners happy.
- Comprehensive Support: The restaurant provides you with resources in the form of training and marketing plans so that you can flourish the franchise further.
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Is a Firehouse Franchise Right for You?
As every business needs a thorough evaluation before starting, the same applies to the firehouse subs. If you plan to invest in the Firehouse franchise, ask yourself the following questions.
- Do you have the financial resources to cover the cost of the Firehouse franchise?
- Are you passionate about the food industry and community involvement?
- Do you have prior experience in business or restaurant management?
If the answer to these questions is yes, opening a Firehouse Subs store could be a good way to make money.
Check also: Firehouse Listens
FAQs- Frequently Asked Questions
To Sum Up
Firehouse Subs might be a good one to open if you want to open your own franchise. The brand is popular and with its millions of fans. The only disadvantage is that it costs a lot of money to open a store, but you can do well because Firehouse Subs helps you to understand how the business works and gives you support. In addition, they support local communities, which makes the customers happy. This proves that this can be a good way to start your own business because of their many successful stores.