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  Home  >>  Fast Food Restaurants  >>  Sub Shops




Larry's Giant Subs
8616 Baymeadows Rd.
Jacksonville, FL 32256


Submit an online form to receive information from Larry's Giant Subs.
Business Description

Upscale submarine sandwich franchise, featuring top-quality foods, such as USDA choice roast beef, oven-roasted turkey, white-meat chicken salad, store d�cor, custom table tops, laser logo steel chairs and huge ape display.

Franchisor Background

Year Established:  1982

Franchising Since:  1986

Operating Units:

Franchised Units:

88

96.7%
Company-Owned Units:33.3%
 
Total Operating Units:
91
100.0%
 
Geographic Distribution:
U.S.:91100%In 6 States
Canada:00%In 0 Canadian Provinces
International:00%In 0 Foreign Countries
 
Total:
91
100.0%
 
 
North America:
States/Provinces with the largest number of operating units:
DensityUnits
1. Texas2
2. Georgia28
3. Florida53

Registered in Following Registration States: Florida

Financial Requirements

Investment:
Minimum Net Worth: $150K
Cash Investment:$25-40K
Total Investment:$110-170K
Average Total Investment:$140K
 
Fees:
Initial Franchise Fee:$19K
Average Franchise Fee:$17K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:2%
 
Average Number of Employees: 6 Full-time, 10 Part-time

Space Needs (in square footage): 1,400

Preferred Sites: Free-standing Building, Strip Center

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
 
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:3
Formal Education:3
Psychological Profile:3
Personal Interview(s):5
 
Terms of Contract
 
Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?Yes
Franchisees Allowed to Expand Within Territory?Yes
 
Support and Training
 
International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff: 10
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 
Marketing Support:
Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 
On-Going Support:
Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 
Training:
1. Corporate Office30 Days
2. Franchise Store1-2 Weeks
 
Expansion Plans
 
Projected New Units Over Next 12 months: 15

U.S.:

Yes, Southeast
Canada:No
Overseas:No
Submit an online form to receive information from Larry's Giant Subs.