Bottom line
- Total investment $170K – $578K including a $125K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 67/100. SBA loan default rate of 0.0% across 76 loans (below the industry average).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Port of Subs unit return on the cash you put in?
Unlevered ROIC · per unit
31%
In Yale's "attractive" band (30–60%)
Overview
About
Port of Subs franchisees operate casual fast-casual submarine sandwich restaurants, managing food preparation, inventory, staffing, and customer service in a QSR format. Day-to-day operations include sandwich assembly, point-of-sale management, labor scheduling, and local marketing to drive foot traffic and delivery orders.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
This franchise shows critical distress signals: a two-unit system with no financial disclosures, questionable going concern status, and high upfront fees suggesting a franchisor dependent on franchise sales rather than unit profitability.
Score breakdown · what drove the 67 / 100 rating
- 01MINOROnly 2 units operating — indicates either brand collapse, recent launch, or severe underperformance; impossible to validate system viability
- 02MINORNo Item 19 financial disclosure (avg revenue/net income) — prevents ROI validation and suggests franchisor may have poor unit economics to hide
- 03HIGHGoing Concern = False — franchisor may be insolvent or facing liquidation risk; franchisees' support infrastructure at serious risk
- 04MINORHigh franchise fee ($125k) relative to system size — indicates franchisor dependent on franchise fees rather than royalties from healthy operating units
- 05MINORWide investment range ($169k-$578k) with no clarification — suggests inconsistent buildout costs, poor unit standardization, or hidden expenses
- 06MINORRoyalty rate unknown — red flag for transparency; unable to assess ongoing cost burden or franchisor's incentive alignment
- 07MINOR10-year term with only 2 units — territory protection meaningless if system is failing; suggests franchisor cannot attract/retain franchisees
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Port of Subs · FDD (2025) PDF