Larry's Giant Subs
The total investment to open a Larry's Giant Subs franchise ranges from $40,000 to $181,000. The initial franchise fee is $41,500. Ongoing royalties are 6% plus a 3% advertising fee.
What is the Larry's Giant Subs franchise?
Larry's Giant Subs operates in the Limited Service Restaurant sector, a competitive market shaped by changing customer preferences. The brand serves the sub sandwich segment from its headquarters in JACKSONVILLE, FL, with a focus on generous portions and simple operations. Its founding year is not stated. The system has 33 active franchised units and 0 company owned locations, reflecting a franchise focused model. The United States quick service restaurant market, which includes Limited Service Restaurants, is projected to exceed $300 billion annually. Sub sandwich concepts benefit from convenience and perceived value, while average tickets often range from $7 to $12 based on customization. Larry's Giant Subs uses its giant offerings to appeal to customers seeking a substantial meal and has a growing, though concentrated, regional presence.
Limited Service Restaurants represent a resilient and expanding part of the U.S. economy. The industry is valued at over $280 billion in the United States and is projected to reach nearly $400 billion by 2027, with an approximate compound annual growth rate of 5.8%. Demand is supported by convenience, value focused meals, and customizable choices for varied dietary preferences. Urbanization, busy lifestyles, and digital ordering and delivery have strengthened the role of quick service dining. Sub sandwich concepts benefit from portability, quick service, and a relatively healthier position than some other fast food categories. Well located units average 150 to 300 transactions per day. Competition remains intense, but brand recognition, efficient operations, and a distinct product can help. Larry's Giant Subs emphasizes large portions and traditional American fare. Predictable cash flow and established supply chains can appeal to both first time and experienced multi unit franchisees.
The initial franchise fee for Larry's Giant Subs is $41,500. Comparable quick service concepts often charge between $25,000 and $50,000. The fee generally covers licensing rights, training, site selection assistance, operating systems, and marketing materials. Total initial investment ranges from $40,000 to $181,000. The lower end may reflect compact locations, nontraditional formats, or existing build outs, while the higher end may involve new construction or extensive leasehold improvements. Typical costs within the range include leasehold improvements, equipment, opening inventory, signage, grand opening marketing, and early working capital. Typical quick service restaurant build outs range from $150,000 to $500,000. Specific liquid capital and net worth requirements are not stated. Industry standards for an investment of this profile often suggest $50,000 to $100,000 in liquid assets and a net worth between $200,000 and $300,000. Larry's Giant Subs does not state its royalty or advertising percentages. Across the quick service industry, royalties often range from 4% to 8% of gross sales and advertising contributions from 1% to 3%.
A Larry's Giant Subs unit typically involves preparing fresh ingredients, assembling sandwiches to order, serving customers, and maintaining cleanliness. A quick service restaurant commonly employs 5 to 10 employees per shift, including a manager, depending on sales volume and operating hours. The giant sub focus may support a focused menu, simpler inventory control, and less kitchen complexity. Possible formats include inline locations in strip malls, end cap units with drive through potential, and smaller kiosks in busy areas. These choices affect the $40,000 to $181,000 investment range. Training generally covers food preparation, inventory control, point of sale systems, and local marketing, and may take place over several weeks at the headquarters in JACKSONVILLE, FL, or a certified training site. Ongoing support may include operating guidance, marketing assistance, supply chain management, and product development. Territory terms and multi unit requirements are not stated. The 33 franchised units and 0 company owned locations may appeal to operators seeking to build a portfolio around a focused concept.
Results depend on location, operating efficiency, and local competition. Larry's Giant Subs has a Loan Activity Score of 18, categorized as Limited. Prospective buyers should conduct detailed due diligence and speak with existing franchisees about costs and revenue potential, recognizing that individual results vary. The brand's 33 active locations and their Google ratings may provide qualitative context on customer satisfaction and local market perception.
Larry's Giant Subs has 33 active franchised units and 0 company owned locations, showing a franchise focused expansion model. Independent operators carry primary responsibility for developing and running units, while the corporate structure can concentrate on support and brand consistency. Specific changes in unit count by year are not stated, but the existing network reflects measured expansion. The giant sub serves as the brand's main product distinction in a market with many standard sized offerings. Large portions can reinforce perceived value, customer loyalty, and repeat visits, particularly around JACKSONVILLE, FL. Quick service growth is also tied to online ordering, third party delivery, and social media. The ability to use these channels can extend customer reach beyond walk in traffic and support demand for delivered meals. A focused product identity combined with digital access may help the brand attract and retain customers.
A suitable Larry's Giant Subs franchisee would likely need operational judgment, customer service skills, and the ability to manage a team in a fast paced setting. Food service experience, especially in Limited Service Restaurants, can help with inventory, food safety, and local marketing. The concept may suit an owner who values a high quality, value driven product and local customer relationships. With 33 franchised units and 0 company owned locations, the system may appeal to multi unit operators with experience managing several ventures and the financial capacity to develop more territories. Available territories are not specified. The headquarters in JACKSONVILLE, FL indicates regional strength, with possible expansion opportunities in Florida, contiguous states, and other United States markets. The period from signing an agreement to opening commonly ranges from 6 to 12 months, depending on site selection, lease negotiations, construction, and permits. The franchise agreement term is not stated. QSR agreements often run for 10 years with renewal options.
Larry's Giant Subs operates in the Limited Service Restaurant market, where customers continue to seek convenience, value, and quality. The initial investment ranges from $40,000 to $181,000, and the $41,500 franchise fee is within the range seen for comparable quick service concepts. The giant sub gives the brand a clear product identity, while its network of 33 franchised units and 0 company owned locations reflects a franchise centered model based in JACKSONVILLE, FL. Buyers should weigh the investment range, operating requirements, market position, and available due diligence before deciding whether the concept fits their financial capacity and goals.
Loan Activity Score
18/100
SBA Default Rate
23.3%
Active Lenders
21
According to its Franchise Disclosure Document or public business records, Larry's Giant Subs has 33 locations, all owned by franchisees. Public SBA loan records show 21 lenders made 43 loans to franchisees of Larry's Giant Subs. PeerSense calculates Larry's Giant Subs's score as 18 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1982 · 33 locations
$40,000 to $181,000
$41,500
33
33 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Larry's Giant Subs
43
Total SBA loans
$100K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Larry's Giant Subs
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
23.3%
vs 10.3% peer avg
SBA Loans
43
Total Volume
$4.3M
Active Lenders
21
2 selective
States
5
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Larry's Giant Subs based on SBA lending data
SBA Default Rate
23.3%
13.0% above peer avg
SBA Loan Volume
43 loans
Across 21 lenders
Lender Diversity
21 lenders
Avg 2.0 loans per lender
Investment Tier
Mid range investment
$40,000 to $181,000 total
Larry's Giant 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
2003
8 approvals. The best year on record for Larry's Giant Subs.
Top SBA State
Florida
28 SBA financed Larry's Giant Subs locations, the densest operator footprint.
Average Loan Size
$148K
Median $90K. Use as a sizing anchor when modeling your own Larry's Giant Subs unit.
Lender Concentration
41.3%
Concentrated
Share of Larry's Giant Subs approvals captured by the top 3 SBA lenders.
Larry's Giant Subs's SBA lending pipeline peaked in 2003 (8 approvals). The last five fiscal years account for 2% of cumulative volume ($2.3M approved). Operator density is highest in Florida with 28 SBA financed locations. Average funded ticket sits at $148K, with the median at $90K. Lender mix is concentrated: the top three SBA lenders account for 41.3% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$414
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Larry's Giant Subs, unit breakdown
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Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
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