Jreck SubsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Jreck Subs franchise requires a total initial investment of $128K – $429K, including a $19K franchise fee and an ongoing 6.5% royalty[2]. The 2023 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2023 FDD issuance
Overview
- Investment
- $128K – $429K
- 5th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 6.5%
- 42nd pct Service Resta…
- Units
- 28
- 31st pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $128K – $429K including a $19K franchise fee, 6.5% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 47/100.
- System contracting at -9.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Fresh Start Franchising, Inc.
- CEO title
- Co-Chairman and President
- Matthew G. Darrah
- CEO experience
- 2007 yrs
- Years in role or industry
- Incorporated in
- DE
- HQ
- 158 Syracuse Street, Suite 200, Syracuse, New York 13204
- Auditor
- Bonadio & Co., LLP
- Audited financials
- Franchisor revenue
- $1.6M
- vs $1.9M prior year
Overview
About
Franchisees operate submarine sandwich shops selling fresh subs, likely with limited customization. Daily operations include food prep, inventory management, customer service, and point-of-sale handling in a quick-service restaurant model with minimal table service or dine-in complexity.
- CEO
- Matthew G. Darrah
- Headquarters
- NY
- Founded
- 2018
- FDD year
- 2023
- States available
- 1
FDD Item 7 · 2023 filing · 11 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $19K | $19K | |
| Rent and Security Deposit, including CAM/taxes/utilities | $2K | $15K | |
| Construction / Leasehold Improvements | $50K | $250K | |
| Equipment, Fixtures, Furnishings, Signage and Point of Sale System | $40K | $90K | |
| Opening Inventory & Supplies | $3K | $10K | |
| Insurance | $3K | $6K | |
| Professional Fees | $1K | $5K | |
| Permits and Licenses | $500 | $2K | |
| Training Expenses | $500 | $3K | |
| Grand Opening Advertising (3 months) | $3K | $6K | |
| Additional Funds (3 months) | $8K | $25K | |
| Total initial investment | $128K | $429K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $128K – $429K
- Better than avg vs category
- Liquid capital req'd
- $8K – $25K
- Better than avg vs category
- Franchise fee
- $13K – $19K
- Better than avg vs category
- Royalty
- 6.5%
- Gross Sales · typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 9.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.5% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Training fee | $250 |
| Transfer fee | $9K |
| Renewal fee | $9K |
| Total fee load | 9.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Jreck Subs Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 28
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- -9.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 1
- Projected new
- 2
- Franchisor's next-year forecast
- Transfer rate
- 3.6%
- Owners selling to other franchisees
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $473K
- Median loan
- $66K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Jreck Subs's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Jreck Subs presents CAUTION-level risk due to absent financial disclosures, small undocumented unit base, territorial vulnerability, and potential corporate financial stress.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Bonadio & Co., LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 47 / 100 rating
- 01MEDNo Item 19 financial performance data disclosed — impossible to validate ROI claims or average unit economics
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability at corporate level
- 03MEDOnly 28 units system-wide with unknown growth trajectory — suggests limited scale and unproven scalability
- 04MINORZero territory protection — franchisees face direct competition from other Jreck locations and cannibalization risk
- 05MINORWide investment range ($127.5K–$428.5K) without corresponding revenue transparency suggests inconsistent unit performance
- 06MED6.5% royalty on undisclosed revenues creates cash flow uncertainty for franchisees with no baseline expectations
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | radius |
| Protected territory | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 15 days |
| Mandatory arbitration | Yes |
| Arbitration location | Jefferson County, New York |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 28 hrs
- On-the-job training
- 30 hrs
- Training location
- On-site and corporate
- Time to open
- 5 mo
- From signing to launch
- POS system
- Point of Sale System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Point of Sale System
Item 20 · call current owners
Franchisee Contacts
26 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Jreck Subs · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Jreck Subs franchise?
The total investment to open a Jreck Subs franchise ranges from $128K – $429K, with an initial franchise fee of $19K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Jreck Subs franchise owners earn?
Jreck Subs does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Jreck Subs's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Jreck Subs (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Jreck Subs franchise locations are there?
As of their most recent FDD filing, Jreck Subs has 28 total units in the United States, including 28 franchised units and 0 company-owned units.
Is Jreck Subs a good franchise to buy?
FranchiseVerdict rates Jreck Subs as a A-grade franchise with a risk score of 47 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.