Tubby's Sub Shops vs Larry's Giant Subs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tubby's Sub Shops vs Larry's Giant Subs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Tubby's Sub Shops Franchise
Larry's Giant Subs Franchise
Investment $112,900 - $293,500$136,800 - $201,900
Franchise Fee $17,500 - $20,000$20,000
Royalty Fee 4%-6%6%
Advertising Fee 4%-
Year Founded 19681982
Year Franchised 19781986
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$1K


Business Experience Requirements
 
Tubby's Sub Shops Franchise
Larry's Giant Subs Franchise
Experience -
  • Industry experience
  • General business experience
    		•

    Financing Options
     
    Tubby's Sub Shops Franchise
    Larry's Giant Subs Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Tubby's Sub Shops Franchise
    Larry's Giant Subs Franchise
    Training On-The-Job Training: 92 hours Classroom Training: 28 hours Additional Training: Company store -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Field Operations Site Selection Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives
    Marketing National Media Social media Co-op advertising, Ad slicks, Regional advertising
    Operations 20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 4

    Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

    		 20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 12

    Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

    Expansion Plans
     
    Tubby's Sub Shops Franchise
    Larry's Giant Subs Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Tubby's Sub Shops

    Founder Richard Paganes opened the first Tubby's Sub Shop in 1968 in St. Clair Shores, Michigan. The company began franchising in 1978 and has locations in the Midwest and southeastern United States. Tubby's Sub Shop, which began as a family-owned and -operated business, is now public and is based in Roseville, Michigan.

    About Larry's Giant Subs

    "Larry's formula for success: Quality, Honesty, Reliability - We Set the Standard!" Larry Raikes - Larry's Giant Subs"I'm very proud of our franchise owners. They've helped make our company the best it can be.
    In 1982, my brother Mitchell and I opened the first Larry's Giant Subs in Jacksonville, Florida. We offered extraordinary quality then, as we still do today. Our franchisees share our commitment to serving the very best. And we've all been successful using this simple formula."
    The first thing you need to know about Larry's Giant Subs is that we do everything in a Big Way. This means we are Quality Driven. We serve only the best . . . no compromises. That's why we are different. That's why we are better. To be a Larry's Giant Subs Franchisee, all you need is enthusiasm and perseverance. This system was designed by aspiring entrepreneurs and that is who it's tailored to fit. Mitchell Raikes said it best: "We are only as good as the sandwich that comes across the counter and the smiling face that prepares and serves it. Take pride in what you do and be the best that you can be". The future looks especially bright for the sandwich section of the fast food industry. Sandwiches and salads may be hot but Larry's Giant Subs is even hotter. Simply put, we believe Larry's Giant Subs sandwiches are the best you can buy. A better sandwich means a better opportunity for you. If you would like to own an exciting business in a growing market segment then a Larry's Giant Subs Franchise could be for you.