Sally Riggs – Owner / Franchisee – Firehouse Subs | LinkedIn.
How much does a Firehouse Sub franchise owner make?
Firehouse Subs Salary FAQs
The average salary for a Franchise Owner is $71,531 per year in United States, which is 11% higher than the average Firehouse Subs salary of $64,110 per year for this job.
Who is Firehouse Subs owned by?
Firehouse co-founders Chris and Robin Sorensen with their dad, Captain Rob Sorensen, who worked for the fire department for 43 years.
How much is a Firehouse Subs franchise?
The initial single-unit franchisee fee is $20,000. The average turnkey investment for a traditional, non drive-thru location is approximately $350,000. What are the royalty and advertising fees? Royalty is 6% of sales and franchisees spend between 3% – 5% of sales on advertising.
Is Firehouse Subs a good franchise to buy?
Firehouse Subs has been ranked as the number one Chain Restaurant for food quality (2016), service (2015) and atmosphere (2014) by Technomic’s. It was recognized as a Best Franchise to Buy by Forbes in 2015.
How much does the average Jimmy John’s franchise owner make?
The company estimates that annual sales can reach $1.2 million and net profits average about $280,000. The startup costs — not including real estate — are between $305,500 and $485,500. Franchisees also need $80,000 in cash and a net worth of about $300,000.
Do franchise owners make money?
The average franchise owner in the United States makes around $75,000 to $125,000 a year. That’s definitely much more than the average salary of a college undergraduate with less than five years of experience, or around $50,000.
What is Firehouse Subs net worth?
Firehouse Subs, with its 1,100-plus locations in 44 states and abroad, generated $715 million in system-wide revenue last year—$47.7 million for the home office. Founded in 1994 by two firefighter brothers, Chris and Robin Sorensen, the Florida-based brand has added more than 350 locations since 2015.
What brand meat does Firehouse Subs use?
USDA Choice roast beef, smoked turkey breast, Virginia honey ham, and melted provolone, served Fully Involved.
What is the cheapest franchise to buy?
12 best low-cost franchises for aspiring business owners
- Cruise Planners. Franchise fee: $10,995. …
- Fit4Mom. Franchise fee: $5,495 to $10,495. …
- Chem-Dry. Franchise fee: $23,500. …
- Jazzercise. Franchise fee: $1,250. …
- Stratus Building Solutions. …
- SuperGlass Windshield Repair. …
- Mosquito Squad. …
- Pillar to Post Home Inspectors.
How much money to franchise a Chick Fil A?
Opening a Chick-fil-A franchise costs just $10,000 — here’s how to do it. Chick-fil-A franchise operators pay just $10,000 to open a new restaurant in the US. About 60,000 people apply for a franchise each year, and less than 1% of them are eventually chosen.
What is McDonald’s franchise fee?
How much is a McDonald’s Franchise? The total investment necessary to begin operation of a traditional McDonald’s franchise ranges from $1,008,000 to $2,214,080. This includes an initial franchise fee of $45,000.00 that must be paid to the franchisor.