The FIREHOUSE SUBS franchise charges a 6.0% royalty fee and operates 1,248 units in the QSR category. This report analyzes the full Franchise Disclosure Document including unit economics, fee structure, growth trends, and risk indicators to help you evaluate the cost of investing in FIREHOUSE SUBS.
Composite quality score based on growth, stability, efficiency, fees, transparency, and system size.
Estimated initial investment range as disclosed in the most recent FDD.
| Line Item | Low Estimate | High Estimate |
|---|---|---|
| Other | $0 | $500 |
| Franchise Fee | $20,000 | $20,000 |
| Other | $3,000 | $5,000 |
| Training | $7,000 | $26,000 |
| Other | $5,000 | $5,000 |
| Real Estate | $0 | $0 |
| Buildout | $0 | $5,000 |
Ongoing fees as disclosed in the FDD.
| Fee Type | Rate | Type | Basis | Frequency |
|---|---|---|---|---|
| Royalty | 6.0% | PCT | Gross Sales per Accounting Period | monthly |
| MIS System Fees | $1,200 | FIXED | Annual fee per Restaurant | annually |
| Digital Technology Fees | $150 | FIXED | Per Restaurant per month | monthly |
| Digital Technology Fees - Variable Component | 1.0% | PCT | Digital Sales | monthly |
| Delivery Guest Support Services Fee | $0 | VARIABLE | Per delivery order on Firehouse Subs mobile app or website | monthly |
| Technology Fees | $0 | VARIABLE | Per transaction | monthly |
| System Fund Contribution | 5.0% | PCT | Gross Sales per Accounting Period | monthly |
Financial performance data as disclosed in FDD Item 19.
| Metric | Value | Unit | Cohort | Period |
|---|---|---|---|---|
| Number of Restaurants | 256.0 | COUNT | Top 25% | FY2024 |
| Number of Restaurants | 255.0 | COUNT | 25%-50% | FY2024 |
| Number of Restaurants | 255.0 | COUNT | 50%-75% | FY2024 |
| Number of Restaurants | 256.0 | COUNT | 75%-100% | FY2024 |
| Number of Restaurants | 1022.0 | COUNT | All Units | FY2024 |
Automated risk indicators based on FDD data analysis.
Franchise unit trajectory based on FDD Item 20 data.
| Year | Start | Opened | Closed | Transferred | End | Closure Rate | Net Growth |
|---|---|---|---|---|---|---|---|
| 2022 | 1126 | -- | -- | -- | 1149 | -- | +23 |
| 2023 | 1149 | -- | -- | -- | 1170 | -- | +21 |
| 2024 | 1170 | -- | -- | -- | 1206 | -- | +36 |
How FIREHOUSE SUBS compares to peer brands in the QSR category.
Ratio = Investment midpoint ÷ median annual revenue. Lower is better. A 0.5x ratio means the initial investment equals half of one year's gross revenue. Does not account for operating costs, margins, or time value of money.
| Brand | Total Units | Investment Range | Median Revenue | Royalty | Inv/Rev Ratio |
|---|---|---|---|---|---|
| Subway | 19502 | $3K – $630K | No Item 19 | -- | -- |
| McDonald's | 12772 | $1.47M – $2.64M | No Item 19 | 5.0% | -- |
| Dunkin' | 8499 | $527K – $1.83M | $1.43M | -- | 0.8x |
| Domino's Pizza | 7043 | -- | $24K | 5.5% | -- |
| Burger King | 6701 | -- | No Item 19 | -- | -- |
| Wendy's | 5552 | $393K – $2.99M | $2.23M | 4.0% | 0.8x |
| Little Caesars | 3705 | $446K – $1.82M | No Item 19 | 6.0% | -- |
| KFC | 3558 | $135K – $3.77M | $1.27M | 5.0% | 1.5x |
| Papa John's | 3291 | $261K – $853K | No Item 19 | 5.0% | -- |
| Popeyes Louisiana Kitchen | 3177 | $505K – $3.92M | No Item 19 | 5.0% | -- |
Other franchise brands with similar characteristics you may want to consider.