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Rates
Jon Smith Subs

Jon Smith Subs

18 locations

The total investment to open a Jon Smith Subs franchise ranges from $219,950 - $520,950. Jon Smith Subs currently operates 18 locations (18 franchised). The top SBA 7(a) lenders for Jon Smith Subs are Newtek Small Business Finance, Inc., Stearns Bank and Citizens Bank. PeerSense FPI health score: 34/100. Data sourced from the 2022 Franchise Disclosure Document.

Investment

$219,950 - $520,950

Total Units

18

18 franchised

FPI Score
High
34

Proprietary PeerSense metric

Limited
Capital Partners
8lenders available

Active capital sources verified for Jon Smith Subs financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Growing (10-24 loans)

High Confidence
34out of 100
Limited

SBA Lending Performance

SBA Default Rate

12.5%

3 of 24 loans charged off

SBA Loans

24

Total Volume

$12.6M

Active Lenders

8

States

14

Top SBA Lenders for Jon Smith Subs

What is the Jon Smith Subs franchise?

The Jon Smith Subs franchise represents a compelling opportunity within the dynamic limited-service restaurant sector, specializing in the ever-popular sub sandwich segment. Headquartered in Fort Worth, TX, this brand has established a tangible presence with 21 total units, indicating a foundational footprint in the American food service industry. The appeal of the sub sandwich concept lies in its inherent versatility, offering consumers a quick, customizable, and often perceived as a fresher alternative to other fast-food options. In a market where convenience and quality are paramount, the Jon Smith Subs franchise positions itself to cater to a broad demographic seeking satisfying meals on the go. The brand operates within a robust segment that consistently demonstrates resilience against economic fluctuations, driven by daily consumer demand for accessible lunch and dinner solutions. Its distinct offering, rooted in the tradition of quality sandwich making, allows it to carve out a specific niche, differentiating itself through its menu and operational approach. The 21 existing Jon Smith Subs franchise locations signify a tested model and a network that, while not expansive, provides a base for future strategic development. This established presence, combined with the brand's commitment to its core product, positions the Jon Smith Subs franchise as a notable contender for entrepreneurs looking to invest in a proven, demand-driven food concept within the Fort Worth, TX-based operation's sphere of influence. The market for sub sandwiches continues to thrive, fueled by evolving consumer preferences for transparent ingredient sourcing and efficient service delivery, making the Jon Smith Subs franchise a relevant option for those keen to engage with a staple of American fast-casual dining. The brand’s identity as a limited-service

FPI Score

34/100

SBA Default Rate

12.5%

Active Lenders

8

Key Highlights

Data Insights

Key performance metrics for Jon Smith Subs based on SBA lending data

SBA Default Rate

12.5%

3 of 24 loans charged off

SBA Loan Volume

24 loans

Across 8 lenders

Lender Diversity

8 lenders

Avg 3.0 loans per lender

Investment Tier

Significant investment

$219,950 – $520,950 total

Jon Smith Subs — Deep SBA Data

Brand-specific metrics derived directly from SBA 7(a) approval records — peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2019

8 approvals — best year on record for Jon Smith Subs.

Top SBA State

Texas

6 SBA-financed Jon Smith Subs locations — the densest operator footprint.

Average Loan Size

$503K

Median $374K — use as a sizing anchor when modeling your own $Jon Smith Subs unit.

Lender Concentration

76.9%

Concentrated

Share of Jon Smith Subs approvals captured by the top 3 SBA lenders.

Jon Smith Subs's SBA lending pipeline peaked in 2019 (8 approvals). The last five fiscal years account for 33% of cumulative volume ($6.8M approved). Operator density is highest in Texas with 6 SBA-financed locations. Average funded ticket sits at $503K, with the median at $374K. Lender mix is concentrated: the top three SBA lenders account for 76.9% of approvals — credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$176K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$2,277

Principal & Interest only

Locations

Jon Smith Subsunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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2 FDDs Available for Jon Smith Subs

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Jon Smith Subs