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Tubby's Sub Shop
Tubby's Sub Shop specializes in a deli-style submarine sandwiches. Tubby's also serve a variety of soups, healthy salads, various side items, including fries and freshly-baked desserts and bread. Founder Richard Paganes opened the first Tubby's Sub Shop in 1968 in St. Clair Shores, Michigan. The company mainly has locations in the Midwest and southeastern United States.
Facts & figures
To open a location, you should have $75,000 available as liquid capital. You need to have a total net worth of $500,000 if you want to become an owner. The lowest you can expect to invest is $50,000 if you want to become a franchisee. $150,000 is the maximum that someone opening a location should expect to invest. Before you become an owner, you will owe the franchisor a franchise fee of $12,500. Today, the location count for this franchise has reached 72.
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