Unitnomics

Franchises · 2026 FDD · Wisconsin DFI filing 640423

Firehouse Subs franchise cost, unit revenue and closures

Opening a Firehouse Subs cost $405,350 to $875,950 in the 2026 FDD; the median unit sold $938,981 in the franchisor's 2025-01-01 to 2025-12-31 figures; 6.9% of franchised units closed over three years.

Franchisor: Firehouse of America LLC. FDD issued 2026-03-25. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.

What a unit costs to open

Initial investment range$405,350 – $875,950Item 7, p. 26, 28
Midpoint (site arithmetic)$640,650(low + high) ÷ 2

Inline traditional facility; End Cap with Drive Thru $528,159 to $1,087,050; Free-standing with Drive Thru $767,950 to $1,577,750 (page 28).

Largest line: Leasehold improvements, $210,000 to $459,000 (Item 7, p. 26).

What a unit pays the franchisor

Initial franchise fee$20,000Item 5, p. 16
Royalty6% of Gross Sales per accounting period, plus digital technology fees of $150 per month and 1% of Digital SalesItem 6, p. 21
Advertising fundSystem Fund contribution not to exceed 5% of Gross Sales (currently 5%)Item 6, p. 21

10-year term; plus a background check fee of up to $500.

What a unit sells

Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.

Median unit revenue$938,981Item 19, p. 65, 66
Average$973,809463 units (45.0%) at or above
Measure2025 Annual AUV (annual sales volume), Counter Service franchised restaurants
Sample1,033 units: the 1,033 of 1,109 franchised counter-service (no drive-thru) restaurants continuously operated through 2025, in quartiles; the 35 free-standing drive-thru restaurants are reported separately (median $1,058,115)
Period2025-01-01 to 2025-12-31
High / low$3,523,523 / $154,410

Revenue to investment

Median revenue ÷ investment midpoint1.47$938,981 ÷ $640,650
At the low and high end of Item 72.32 / 1.07÷ $405,350 and ÷ $875,950

Formula: Item 19 counter-service median / Item 7 inline total (midpoint, low, high). A ratio of 1.00 means one year of median unit revenue equals the investment; it says nothing about profit.

How many units open and close

Franchised units202320242025
Start of year1,1491,1701,206
Opened476273
Terminated006
Not renewed6915
Reacquired by franchisor030
Ceased, other reasons20149
End of year1,1701,2061,249
Company-owned, end of year394242

Item 20, Table 1 p. 73; Table 3 totals p. 81.

Three-year closure rate6.88%79 closures ÷ 1,149 at start of 2023
Three-year net change, franchised+100 (8.7%)end 2025 − start 2023

Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.

United States excluding territories.

Source and method

Every figure above comes from the Firehouse Subs Franchise Disclosure Document issued 2026-03-25, as filed with the Wisconsin Department of Financial Institutions (filing 640423, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.

Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.

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