Tubby's Sub Shops Franchise
Friday, April 23, 2010 at 02:49PM Grilled submarine sandwiches
Founder Richard Paganes opened the first Tubby's Sub Shop in 1968 in St. Clair Shores, Michigan. The company began franchising in 1978 and has locations in the Midwest and southeastern United States. Tubby's, which began as a family-owned and -operated business, is now public and is based in Clinton Township, Michigan.
Start-up Costs & Franchises Fees
What is the total cost to open a Tubby's Sub Shops Franchises?
Total Cost: $72,900-$243,500
Total Franchise Fees: $12,515
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for Tubby's Sub Shops
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Tubby's Sub Shops |
Phone Number: (586)792-2369 |
Tubby's Sub Shops In the Press
No results at this time.Historical Expansion
In what year did Tubby's Sub Shops begin operations? 1968
When did Tubby's Sub Shops begin selling franchises? 1978
Year United States Canada International Corporate 2005 96 0 0 2 2004 86 0 0 1 2003 85 0 0 1 2002 87 0 0 3 2001 87 0 0 3
Future Expansion
United States: Florida, Michigan, Ohio,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No No
Training & Support
Support
In the Pressletter, Grand opening support, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks
Franchise Operation Restrictions
20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes