Firehouse Subs franchise is an American fast casual sub restaurant franchise chain that was founded in 1994 by two firefighters in Jacksonville, Florida. The eatery is renowned for its dedication to using only the freshest ingredients and specialises in serving hot subs made with premium meats, cheeses, and sauces. Along with serving up delectable food, Firehouse Subs is dedicated to giving back to the community through its charitable arm, the Firehouse Subs Public Safety Foundation, which supports first responders and public safety organisations by funding projects, providing tools, and offering educational opportunities. Firehouse Sub, which has more than 1,200 franchise locations globally, is a well-liked option for anyone looking for a great and satisfying meal.
Fast casual restaurants are predicted to develop quickly and reach a market value of $63.8 billion by 2026, according to a recent analysis. Consumers looking for high-quality, practical, and economical meals are what have made quick casual dining so popular.
How much does a Firehouse Subs franchise cost?
The Firehouse Subs franchise cost is in the range of $197,000 to $997,000 and the investment mid-point of this Sub brand is $597,000.
How much does it cost to franchise a Firehouse Subs in the United States?
The price of a Firehouse Subs franchise varies and is based on a number of elements, including location, restaurant size, and real estate costs and the anticipated initial cost for a typical sub restaurant ranges from $197,000 to $997,000, per the latest Firehouse Sub franchise disclosure statement.
The 2019 Franchise Disclosure Document for Firehouse Sub states that the typical franchise owner makes an average revenue (AUV) was $720,712. However, because individual results can vary, this amount is not a guarantee of a franchisee’s revenues.
A precise average income or salary for a Firehouse Sub franchise owner is difficult to estimate because it depends on a number of variables, including location, competition, and individual success.
What is Firehouse Subs franchise profit?
The exact profit a Firehouse Sub franchises profit salary may make will rely on a number of variables, including location, competition, operating and marketing costs, and employee performance.
I shall estimate the average Firehouse Subs franchise profit and years to recoup the investment (ROI).
Estimated Annual Profit (12.5%)
Estimated Annual Profit (15%)
Estimated Annual Profit (18%)
Is the Firehouse Sub Franchise Owner Profit and Salary Worth the Cost?
Whether the Firehouse Subs franchise profit justifies the cost is a matter of opinion and will vary according to each person’s unique situation and objectives.
The estimated Firehouse Subs franchise average profit income is in the range of $ 90,000 to $ 130,000 and it will take 4.5 to 6.5 years to recoup the investment.
On the one hand, having a Firehouse Subs franchise offers the chance for significant sales and profitability opportunities, as well as the advantages of working with a reputable and well-known brand.
Firehouse Subs Franchise Requirements
The following criteria must be met in order to open a Firehouse Sub franchise.
Firehouse Subs requires franchisees to have a net worth of at least $500,000 and liquid assets of at least $150,000.
The company prefers franchisees with prior business experience, but it is not required.
All franchisees of Firehouse Subs receive thorough training, which they must successfully complete before opening a location
Franchisees are required to choose an appropriate location for their eatery and adhere to the company’s real estate standards.
Franchisees must continue to pay the corporation ongoing royalties, marketing costs, and an initial franchise fee.
What are Firehouse Subs franchise owner reviews?
Reviews of the Firehouse Sub franchise are mixed, with some franchisees expressing delight and others complaining.
Positive evaluations frequently make reference to Firehouse Subs’ assistance and training, their well-known brand and reputation, and their successful business model. Additionally, some franchisees report profitable and great sales.
Firehouse Subs has been ranked among the top 200 franchises on the Franchise Times Top 200+ list, which assesses businesses based on their global sales.
Firehouse Sub has been included in the Franchise Gator’s Top 100 list, which honors the top franchise prospects in terms of price, scope, and expansion.
What are Firehouse Subs?
A fast-casual restaurant chain called Firehouse Subs specialises in hot subs. The franchise was started in 1994 in Jacksonville, Florida, and has since grown to include sites all throughout the country and beyond. The Firehouse Subs Public Safety Foundation, the company’s charitable arm, is renowned for its high-quality ingredients, especially its fire-roasted meats and cheeses, as well as its dedication to giving back to the community.
Is Firehouse Subs a Franchise Opportunity?
Yes, there is a franchise possibility for Firehouse Sub. For anyone who is interested in owning and running their own Firehouse Subs restaurant, the firm provides franchising opportunities. You will have access to the company’s well-known brand, marketing assistance, training courses, and tried-and-true business strategy as a franchisee.
Firehouse Subs Franchise Success and Failure Rate
The below table will highlight the Firehouse Sub franchise success and failure rate for the last 3 years. This will supplement your decision-making process.
It is evident that the Firehouse Sub franchises didn’t observe any negative growth during the pandemic and franchises did well.
How to Open and Start a Firehouse Subs Franchise?
Opening a Firehouse Subs franchise involves several key steps. Here’s a general overview of the process:
Research and Initial Inquiry: Begin by conducting thorough research on Firehouse Subs and its franchise opportunities. Visit their official website to gather information about their business model, requirements, and support offered to franchisees. If you’re interested, submit an initial inquiry expressing your interest in opening a Firehouse Subs franchise.
Evaluation and Prequalification: Firehouse Subs will review your initial inquiry and evaluate your qualifications as a potential franchisee. They will assess factors such as your financial capabilities, business experience, and overall fit with the brand. If you meet their criteria, you’ll be invited to complete a formal application.
Franchise Application and Disclosure Document: Complete the franchise application provided by Firehouse Subs. You’ll also receive a Franchise Disclosure Document (FDD), which contains essential details about the franchise, including the initial investment, ongoing fees, contractual obligations, and other important information. Carefully review the FDD, seek professional advice if needed, and return the completed application.
Financial Review and Approval: Firehouse Subs will conduct a thorough review of your financial info, including your net worth, liquidity, and creditworthiness. They may also request additional documentation, such as tax returns and bank statements. If you meet their financial requirements, you’ll be approved as a franchisee.
Franchise Agreement and Training: Once approved, you’ll receive the Franchise Agreement from Firehouse Subs. Carefully review the agreement, seek legal counsel, if necessary, and sign the document. You’ll then attend their training program, which covers various aspects of operating a Firehouse Sub franchise, including food preparation, customer service, inventory management, and marketing.
Location Selection and Build-out: Work with Firehouse Sub real estate team to identify and secure a suitable location for your franchise. They will provide guidance on site selection criteria, lease negotiations, and construction or renovation requirements. Ensure that your chosen location meets the brand’s standards and local regulations.
Equipment and Inventory Procurement: With the guidance of Firehouse Subs, order the necessary equipment, furniture, and fixtures for your restaurant. They have preferred vendors and suppliers that franchisees are typically required to use. Additionally, set up relationships with approved food and beverage distributors to ensure a consistent supply of quality ingredients.
Grand Opening and Ongoing Support: Prior to your grand opening, Firehouse Subs will provide assistance in marketing and promoting your new franchise. They have established marketing programs and materials to support franchisees. After the launch, ongoing support will be available, including operational guidance, product development, marketing campaigns, and regular communication with the franchise support team.
It’s important to note that the specific details and requirements may vary, so it’s essential to carefully review the information provided by Firehouse Subs and consult with their franchise representatives throughout the process. Opening a franchise involves a significant financial investment and commitment, so conducting thorough research and seeking professional advice are crucial steps in making an informed decision.
Facts That Nobody Told You About Firehouse Subs
Here are some interesting facts about Firehouse Subs that you may not have known
Firehouse Subs was founded by two firefighters
Firehouse Subs was founded in 1994 by brothers Chris and Robin Sorenson, both of whom are former firefighters.
The business is renowned for its dedication to public safety
Through its charitable arm, the Firehouse Subs Public Safety Foundation, it supports first responders and groups dedicated to public safety by giving them funds, supplies, and training.
The training program includes the following components
This includes in-person instruction at a Firehouse Subs restaurant close by as well as classroom and practical instruction at the business’ training centre.
Continuous training and support
Firehouse Subs offers its franchisees continuous training and support through recurring webinars, workshops, and on-site visits.
Support with local shop marketing, national and local advertising campaigns and promotional materials are all examples of the marketing support the corporation offers to its franchisees.
Firehouse Subs Operations to Franchises
Firehouse Subs provides ongoing support and guidance to its franchisees to help them run their businesses successfully. This support includes,
Site selection and development
The business assists franchisees with the process of choosing a suitable location for the restaurant as well as with design and construction.
Marketing and advertising
Promotional materials, national and local campaigns, and assistance with local shop marketing are all things that Firehouse Subs offers franchisees in the way of marketing and advertising support.
The business offers assistance with menu development, including dish formulation and menu pricing.
Chain of distribution management
Firehouse Subs offers a centralised purchasing scheme that gives franchisees access to premium supplies and ingredients at reasonable costs.
The business gives franchisees access to point-of-sale systems and other technological tools that support restaurant operations.
How is Firehouse Subs Territory Granted to Franchises
Franchises are awarded under a territorial structure at Firehouse Subs. According to this concept, each franchisee is given the sole authority to run a Firehouse Subs restaurant within a predetermined region.
What is the Franchise Term of Agreement and Renewal?
Franchisees have the option to extend their franchise agreement after the initial term, provided certain requirements are met.
A review of the franchisee’s performance during the original term and their adherence to the franchisor’s standards and regulations are often part of the renewal process. In order to renew their franchise agreement, franchisees might also need to perform some renovations or upgrades to their businesses.
Does Firehouse Subs provide Financial Funding to Franchises?
Firehouse Subs does not directly provide financial assistance to its franchisees. However, the company may work with third-party lenders to help franchisees secure financing for the start-up costs of their restaurants.
Pros & Cons of Owning a Firehouse Sub Franchise
In the fast-casual restaurant sector, Firehouse Subs is a well-known and well-established brand. Compared to launching a new firm from scratch, this can help franchisees acquire clients and earn cash more quickly.
Established business strategy
Firehouse Subs has a solid history as a fast-casual restaurant chain and a proven business strategy. This can give franchisees a success roadmap and enable them to steer clear of frequent problems that new business owners experience.
Support and training
Firehouse Subs offers its franchisees thorough support and training, including advice on site selection, marketing, and operations.
Support for advertising and marketing
Firehouse Subs offers its franchisees centralised support for advertising and marketing.
The start-up expenditures for a Firehouse Sub franchise can be high, ranging from $350,000 to $800,000 or more. Some people may find it challenging as a result to obtain finance and open their own restaurant.
Franchisees are also liable for ongoing fees, such as royalty fees, advertising fees, and other expenses related to running a restaurant, in addition to the initial investment.
Restaurants must be run by franchisees in accordance with the franchisor’s policies and standards. This may restrict the franchisee’s autonomy and capacity to decide the course of their company.
Due to the industry’s high level of rivalry, franchisees may experience fierce competition from other well-known companies and independent eateries.
Franchise Deck Analysis and Overview
Firehouse sub 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. You are more likely to make a profit if you invest in several Firehouse Subs franchises instead of just one.
You can recoup your franchise cost within 6 years, which is decent compared to Firehouse Sub counterparts.
You can review the franchise facts and profit of Firehouse Sub and its Competitors.
The Franchise Deck rating for the Firehouse Sub franchise is 4.0/5.0.
Conclusion: Should Buy the FireHouse Subs franchise for sale?
Well, investing that much in a Firehouse Subs franchise can be worthwhile because the sales are sufficient and the investment pays off, but the profit margin is not that large. There are plenty of reasons to consider buying a Firehouse Sub Franchise.
The only thing that distinguishes the Firehouse Sub franchise from other sandwich chains is the motif of firemen.
According to research, a Firehouse Sub franchise owner can earn $75,000 per year, just below the minimum wage.
Can you make money owning a Firehouse Subs?
The franchisee may make money and be successful by owning a Firehouse Subs location. Success, however, is not guaranteed and depends on a number of variables, including the franchisee’s capacity to manage and run the business effectively, market demand, rivalry, and the regional economy.
Is Firehouse Subs a franchise?
Yes, Firehouse Sub is a franchise. A fast-casual restaurant chain called Firehouse Subs serves salads and sub sandwiches. Since its establishment in 1994, the business has expanded to over 1,200 outlets both domestically and abroad.
How much is a Firehouse Subs franchise?
The Firehouse Sub franchise website states that the expected startup cost for a new franchise can range from $157,500 to $1,300,000. This covers the customary $30,000 franchise fee in addition to additional expenses like real estate, building and remodeling, tools, supplies, and operating capital.
How do Firehouse Sub franchise make money?
Firehouse Subs or its authorised suppliers provide the franchisees with food and supplies, which they then buy and resell to customers at a markup. Regular continuing royalty and advertising expenses that franchisees must pay to the franchisor are often included in the franchise agreement with Firehouse Sub.