Curious to know how much does a Firehouse Subs franchise owner makes? So, you are at the right place. Here, we will discuss all significance related to the Firehouse Subs franchise, its profitability, and whether buying this franchise is worth it. So, let’s get started.
What Is Firehouse Subs?
Firehouse Subs is a fast-food casual restaurant chain in America. The restaurant was founded in 1994 in Jacksonville, Florida, by brothers Chris Sorensen and Robin Sorensen.
Before starting a restaurant, both brothers were firefighters, but they quit their job to invest in the business.
They made a few attempts at other businesses but got success in the sandwich chain. When they started making sandwiches, they only had $100 in their account, and now they are making millions.
And currently, there are more than 1,200 outlets of Firehouse Subs. Firehouse Subs offers a restaurant franchise that serves large-portion hot submarine-style sandwiches in a unique fire-fighting decorum and atmosphere.
Firehouse Subs are looking for an ideal candidate who has the potential to manage the responsibility of the restaurant, for they never require any prior experience in retail management or any other field because they provide an initial training program to all new franchisees.
However, there are some restrictions so that you maintain the dignity of business and exert your best efforts.
Also, they provide veteran discounts on franchise fees to eligible candidates only; besides this, no other discount and financing options are available. They never provide any financing directly or indirectly.
How Much Does A Firehouse Subs Franchise Owner Can make?
As per statistics, Firehouse Subs can generate approximately $840 million through its sales. An individual Firehouse Subs franchise owner can make around $75,000 to 125,000.
However, it is an average estimate, and the profit has been calculated based on total revenue. This is not exact data because Firehouse Subs never releases any data related to franchise owner profit.
Although the sales of Firehouse Subs are good enough, we have never seen a negative impact on sales during the covid, but they lost a few units in 2020. The reason for closing the units is still not revealed.
What Is Firehouse Subs Known For?
Firehouse Subs is known for its delicious sandwiches. The architecture of the Firehouse Subs is based on a firefighter theme which gives them a unique look, and it is a bit different concept that is liked by some customers.
Moreover, if we talk about sandwiches, it tastes delicious because they always use fresh and quality ingredients.
Firehouse Sub’s menu has many delicious items, including:
- Smokehouse Beef & Cheddar Brisket Subs.
- Spicy Cajun Chicken Subs.
- Hook & Ladder.
- Club on a Subs.
- Italian Subs.
- Loaded Potato Soup.
- Sweet & Spicy Meatball Subs.
Pros & Cons Of Firehouse Franchise
Pros Of Firehouse Franchise
- Top rate franchise
- Well-known brand
- Unique menu
- Fire-fighters theme of the restaurant
- Provide training and support
- Always use premium quality of meet and ingr3edients
Cons Of Firehouse Franchise
- Low global presence
- High level of competition due to common niche
- Marketing strategies are not good enough
Is the Firehouse franchise Profitable?
We calculate the profit on two basis- first, on the cost of investment, and second is brand recognition.
Well, the Firehouse Subs requires a high-cost investment, and in return, the sales of the Firehouse Subs are good enough, so investing that amount can be worth it, but the profit ratio is not high.
However, the company has a low global presence, so if you are thinking of opening a franchise outside of the country, then this franchise is not going to be worth it.
Moreover, the Firehouse Subs is not any new concept nor has any high demand in the market, but it still can make a decent amount of profit.
If you are dreaming that buying a Firehouse Subs franchise will make you rich, then it is not possible.
Firehouse Subs franchise is just a basic sandwich chain; the only thing which makes it unique is the theme of firefighters.
As per data, a Firehouse Subs franchise owner can make $75000 annually, which is just below the basic income.
Moreover, this is average data, so there is the possibility that franchises can make more than we think. It also depends on the location and your business techniques.
Also Read: Arby’s Franchise
Firehouse Subs is a sandwich chain that offers franchises without any prior experience.
The policies of Firehouse Subs are also flexible, you don’t need to follow any rigorous interview process to buy the franchise, but after buying the franchise, you need to follow some restrictions and obligations required by the franchisors.
Also, we have some loopholes; first, the absence of a global presence and the competition level is very high due to the same niche, the menu has limited items, and some units have closed in the past year.
However, the sales of Firehouse Subs are good, but we can’t neglect these loopholes, which directly affect the goodwill. And the profit margin is also not too high.
It can generate only basic income. Buying a Firehouse Subs franchise won’t make you rich. So, think twice before buying the franchise.
Frequently Asked Questions
How much does it cost to buy a Firehouse Subs franchise?
An initial investment required to open a Firehouse Subs Franchise is $190k-997k.
How many Firehouse Subs franchises are there?
Firehouse Subs has more than 1200 outlets around the world.
What is the annual revenue of the Firehouse Subs Franchise?
An individual Firehouse Subs franchise owner makes approximately $75000 to 125,000 annually.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise