Jon Smith Subs Franchise Cost: A Comprehensive Guide
Introduction
Jon Smith Subs is a popular submarine sandwich franchise with over 1,000 locations worldwide. The company offers a wide variety of sandwiches, salads, and sides, as well as catering and delivery services. If you’re interested in starting your own Jon Smith Subs franchise, it’s important to understand the costs involved.
Initial Investment
The initial investment for a Jon Smith Subs franchise can range from $150,000 to $300,000. This includes the cost of the franchise fee, equipment, inventory, and other startup costs.
- Franchise fee: $30,000
- Equipment: $50,000-$100,000
- Inventory: $20,000-$30,000
- Other startup costs: $10,000-$20,000
Ongoing Costs
In addition to the initial investment, you’ll also need to budget for ongoing costs, such as:
- Rent: $2,000-$5,000 per month
- Utilities: $500-$1,000 per month
- Labor: $2,000-$4,000 per month
- Marketing: $500-$1,000 per month
- Insurance: $500-$1,000 per month
Total Cost
The total cost of a Jon Smith Subs franchise can range from $200,000 to $400,000. This includes the initial investment and ongoing costs.
Financing
Jon Smith Subs offers financing to qualified franchisees. The company can help you secure a loan from a bank or other lending institution.
Profitability
The profitability of a Jon Smith Subs franchise can vary depending on a number of factors, such as location, competition, and management. However, the company reports that the average franchisee earns a profit of $100,000-$200,000 per year.
Conclusion
If you’re interested in starting your own Jon Smith Subs franchise, it’s important to understand the costs involved. The initial investment can range from $150,000 to $300,000, and the ongoing costs can range from $5,000 to $10,000 per month. However, the company offers financing to qualified franchisees, and the average franchisee earns a profit of $100,000-$200,000 per year.
