Lenny's Sub Shop

Founded: 1998 Franchising since: 2001

8295 Tournament Dr., #200 Memphis, Tennessee 38125

Phone: (901)753-4002

Franchisor is a privately-held company with 30 employee(s); 12 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	160	0	0	2
2008	168	0	0	2
2007	131	0	0	2
2006	89	0	0	22
2005	55	0	0	15

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: By county

Total investment: $211K-365K Franchise fee: $25K

Ongoing royalty fee: 6% Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $200K
Business Experience:

• General business experience
• Marketing skills
• Multi-unit experience preferred

Operations

• 95% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 15
• Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

Training

• Available at headquarters: 5 weeks
• At franchisee's location: 10 days

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations

Marketing Support

• Ad slicks
• Regional advertising

Franchise 500® rank:
#183 (2009); #191 (2008);

Fastest-Growing Franchises:
#86 (2009); #98 (2008);