FranchiseVerdict
Port of Subs (Regional Developer) logo
FV-02008·MODERATEStandard71

Port of Subs (Regional Developer)

Formerly known as Point of Sale Services

OtherFranchising since 2023Website
Investment
$170K – $578K
57th pct Other
Avg revenue
50th pct Other
Royalty
Units
2
14th pct Other
SBA default
0.0%
vs <3% typical

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 64/100. 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

Legal entity
POS Franchising, LLC
Parent company
POS Holdings, LLC
Incorporated in
Delaware
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

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 (Regional Developer) unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $170K–$578K
Working capital
$
FDD reports $25K–$40K

Unlevered ROIC · per unit

26%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$407K
Payback
46 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

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
Founded
2022
FDD year
2025
States available
3

Item 7 · what it costs

The Vitals

Total investment
$170K – $578K
All-in to open one unit
Liquid capital
$25K – $40K
Cash you must have on hand
Franchise fee
$125K
Royalty
n/d
Ad fund
$250

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

Total units
2
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
2023
2+2
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 8 states
Not registered

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.

Total loans
76
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

Extremely limited system scale (2 units), franchisor financial distress, complete financial opacity, and non-standard terms make this a high-risk, unvalidatable investment.

Score breakdown · what drove the 64 / 100 rating

  1. 01MINOROnly 2 units in system indicates minimal scale, validation network, and support infrastructure
  2. 02HIGHGoing Concern status is FALSE — suggests financial instability or viability questions at franchisor level
  3. 03MINORNo financial disclosures (revenue, net income, Item 19) prevents ROI validation and creates opacity
  4. 04MEDUnknown royalty structure indicates incomplete disclosure or unstandardized terms
  5. 05MINORZero franchise fee is unusual and may signal difficulty attracting franchisees or inability to fund support
  6. 06MEDUnknown unit growth trajectory suggests stagnation or undisclosed performance issues
  7. 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

Territory
Geographic area
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Colorado

Item 11

Training & Operations

Classroom training
105 hrs
On-the-job training
225 hrs
POS system
FranConnect
Operating tech stack

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

Locked
(385) 530-••••
UT
(208) 761-••••
ID
(775) 302-••••
NV

One-time purchase · CSV download · Validation questions included

FDD download

Port of Subs (Regional Developer) · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above