Port of Subs (Regional Developer)Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Port of Subs (Regional Developer) franchise requires a total initial investment of $170K – $578K, including a $125K franchise fee. The 2025 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 2025 FDD issuance
Overview
- Investment
- $170K – $578K
- 7th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- N/A
- Units
- 2
- 6th pct Service Resta…
- SBA default
- N/A
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
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
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.
- Verdict A (Top Quintile) with a risk score of 40/100.
- 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
- Legal entity
- POS Franchising, LLC
- Parent company
- POS Holdings, LLC
- Ultimate parent
- Area 15 Ventures, LLC
- Predecessor
- Port of Subs
- Prior franchisor entity
- Incorporated in
- DE
- HQ
- 480 East Happy Canyon Road, Castle Rock, Colorado 80108
- Auditor
- Plante & Moran, PLLC
- Audited financials
- Franchisor revenue
- $3.5M
- vs $4.6M prior year
Affiliated brands
- POS Operations
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Port of Subs franchisees operate submarine sandwich shops, managing daily food preparation, inventory, customer service, and point-of-sale operations. Franchisees are responsible for local marketing, staffing, and maintaining brand standards across a protected territory with minimal franchisor infrastructure given the 2-unit system.
- CEO
- Adam Contos
- Headquarters
- CO
- Founded
- 2022
- FDD year
- 2025
- States available
- 3
FDD Item 7 · 2025 filing · 9 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| RD Territory Feenot refundable | $125K | $500K | |
| Training Expenses | $2K | $3K | |
| Rent, Security & Utility Deposits, Leasehold Improvements | $8K | $15K | |
| Furnishings, Fixtures, Signs, and Equipment | $5K | $8K | |
| Computer System | $2K | $3K | |
| Insurance | $2K | $5K | |
| Business Licenses, Legal Fees | $2K | $4K | |
| Local Advertising and Social Engagement - Initial 3 Months | $750 | $2K | |
| Additional Funds - Initial 3 Months | $25K | $40K | |
| Total initial investment | $170K | $578K |
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
- $170K – $578K
- Better than avg vs category
- Liquid capital req'd
- $25K – $40K
- Better than avg vs category
- Franchise fee
- $125K – $500K
- Near category avg vs category
- Royalty
- -n/d
- Ad fund
- $250
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $250 |
| Transfer fee | $25K |
| Renewal fee | $10K |
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 Port of Subs (Regional Developer) Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- Opened
- 2
- 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
3-year detail · Item 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 5 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 76
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Extremely limited system scale (2 units), franchisor financial distress, complete financial opacity, and non-standard terms make this a high-risk, unvalidatable investment.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Plante & Moran, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 40 / 100 rating
- 01MINOROnly 2 units in system indicates minimal scale, validation network, and support infrastructure
- 02HIGHGoing Concern status is FALSE — suggests financial instability or viability questions at franchisor level
- 03MINORNo financial disclosures (revenue, net income, Item 19) prevents ROI validation and creates opacity
- 04MEDUnknown royalty structure indicates incomplete disclosure or unstandardized terms
- 05MINORZero franchise fee is unusual and may signal difficulty attracting franchisees or inability to fund support
- 06MEDUnknown unit growth trajectory suggests stagnation or undisclosed performance issues
- 07MINORWide investment range ($169,750–$578,400) indicates poor cost standardization and execution risk
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 | Geographic area |
| Protected territory | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Colorado |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 105 hrs
- On-the-job training
- 225 hrs
- Training location
- On-site and corporate
- POS system
- FranConnect
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: FranConnect
Item 20 · call current owners
Franchisee Contacts
5 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Port of Subs (Regional Developer) · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Port of Subs (Regional Developer) franchise?
The total investment to open a Port of Subs (Regional Developer) franchise ranges from $170K – $578K, with an initial franchise fee of $125K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Port of Subs (Regional Developer) franchise owners earn?
Port of Subs (Regional Developer) 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 Port of Subs (Regional Developer)'s franchise failure rate?
SBA 7(a) loan charge-off data is not available for Port of Subs (Regional Developer) (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 Port of Subs (Regional Developer) franchise locations are there?
As of their most recent FDD filing, Port of Subs (Regional Developer) has 2 total units in the United States, including 0 franchised units and 0 company-owned units. 2 new units were opened in the latest reporting year.
Is Port of Subs (Regional Developer) a good franchise to buy?
FranchiseVerdict rates Port of Subs (Regional Developer) as a A-grade franchise with a risk score of 40 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.
For franchisors
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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.