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.
$219,950 - $520,950
18
18 franchised
Proprietary PeerSense metric
LimitedActive 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)
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
Franchise Financing Resources
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
Estimated Monthly Payment
$2,277
Principal & Interest only
Locations
Jon Smith Subs — unit breakdown
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