Lennys Grill & Subs
Deli subs, Philly cheesesteaks, catering- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$340K - $508K
- Units as of 2023
-
63 13% over 3 years
Company Overview
About Lennys Grill & Subs
Industry | Food |
---|---|
Related Categories | Submarine Sandwiches,Sandwiches,Philly Cheesesteak Sandwiches |
Founded | 1998 |
Parent Company | Lennys Holdings LLC |
Leadership | Joe Unger, COO |
Corporate Address | 8295 Tournament Dr., #200 Memphis, TN 38125 |
Social | Facebook,Twitter,LinkedIn,Instagram,YouTube |
Business Overview
Franchising Since | 2001(22 years) |
---|---|
# of employees at HQ | 30 |
Where seeking | This company is offering new franchisees in the following US states: Alabama, Arkansas, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Missouri, Mississippi, North Carolina, New York, Ohio, Oklahoma, South Carolina, Tennessee, Texas, West Virginia |
# of Units | 63(as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Lennys Grill & Subs franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$20,000 - $25,000 |
---|---|
Initial Investment |
$339,756 - $508,493 |
Net Worth Requirement |
$400,000 |
Cash Requirement |
$175,000 |
Veteran Incentives |
$5,000 off franchise fee |
Royalty Fee |
6% |
Ad Royalty Fee |
2% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Lennys Grill & Subs has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 162 hours |
---|---|
Classroom Training | 40 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
Yes |
#运行所需的员工 | 8-10 |
Are exclusive territories available? |
Yes |
所有权像莱尼的机会感兴趣Grill & Subs? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Lennys Grill & Subs landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Lennys Grill & Subs ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Lennys Grill & Subs.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
McDonald's Is Launching a Spinoff Restaurant Chain Based on a Beloved, Blast-From-the-Past Mascot
The company saw a lot of success with another former mascot, Grimace, in June.
Subway Will Give You Free Sandwiches Forever — If You Make a Legally Binding, Lifetime Commitment First
It will take a true superfan to win this competition.
The Simplicity Advantage in Building a Thriving Franchise Business
A business certainly does not need to be simple to be franchised—but it helps.
When's the Best Time to Use AI in Your Franchise? The Choice Is Clear.
It's no longer a question of if or when to implement artificial intelligence in training, recruiting and marketing programs, but rather what it has already cost you if you haven't.
Exploring Expansion Strategies for Franchise Success, From Goals to Growth
When you make a decision to franchise, what you're really doing is deciding how you want to grow.
When I Told People How Big This Franchise Could Grow, They Laughed. Now the Joke's on Them.
Why building a successful enterprise in this sector starts with embracing a growth-focused mindset.