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Lenny's Sub Shop

Eligibility Verified — Preliminary

Eligibility Verification Note: The "Eligibility Verified" badge is aplatform-native verification indicator — it does not constitute an official SBA endorsement or government seal. It indicates the brand's franchise agreement may appear on the U.S. Small Business Administration's official Franchise Directory. Actual SBA loan eligibility depends on the franchisee's specific corporate structure, ownership, and affiliation status under 13 CFR § 121.103 — not just the brand's directory listing. Recent SBA affiliation rule changes (2024) may affect eligibility for multi-entity or common-ownership franchisees. Prospective franchisees should consult an SBA-approved lender and verify directly on the SBA Franchise Directory to confirm their individual eligibility before relying on this badge.

Quick Service RestaurantMemphis, TN

About Lenny's Sub Shop

A submarine sandwich chain offering premium deli sandwiches and catering services.

Investment Overview

Franchise: Lenny's Sub Shop. Initial investment range: $250 thousand to $500 thousand. Franchise fee: $30 thousand. Royalty fee: 6% of gross sales. Liquid capital required: $150 thousand. Total units: 150.
Initial Investment$250K - $500K
Franchise Fee$30K
Royalty Fee6% of gross sales
Liquid Capital Required$150K
Net Worth Required—

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Franchise Fee
$30,000
Initial Investment
$250,000 – $500,000

Company Overview

Founded1998
Franchising Since2004
Total Units150
HeadquartersMemphis, TN

SBA Eligibility

⚠ Preliminary Status Only

This listing's SBA eligibility is preliminary. SBA certification status can change at any time.

Verify on official SBA Directory

What does "verified" mean on this listing?

Eligibility Verified

The brand name was confirmed on the SBA Franchise Directory at the timestamp shown.

Platform-native indicator, not an SBA endorsement. SBA status can change daily — always confirm at sba.gov.

State Registered

The franchisor has an active FDD registration in one or more of the 13 registration states.

Verified against state regulator databases. Four states publish FDDs online — links are provided.

Franchisor-Provided Data

Investment ranges, unit counts, and descriptions are entered by the franchisor or their broker.

Not independently audited by this platform. Prospective franchisees should verify via the FDD.

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