Miami Subs (Formerly Mr Submar
The total investment to open a Miami Subs (Formerly Mr Submar franchise ranges from $125,600 to $1.0M. The initial franchise fee is $30,000. Ongoing royalties are 6% plus a 3% advertising fee.
What is the Miami Subs (Formerly Mr Submar franchise?
Miami Subs (Formerly Mr Submar is a limited service restaurant business selling subs and grilled food to customers. The estimated total initial investment is $125,600 to $1,025,500, and the initial franchise fee is $30,000.
The royalty is 6 percent of sales, and the advertising or brand fund fee is 3 percent.
The headquarters is in MIAMI, FL. The business was founded in 1988.
Loan Activity Score
18/100
SBA Default Rate
23.8%
Active Lenders
20
According to its Franchise Disclosure Document or public business records, Miami Subs (Formerly Mr Submar has 32 locations, all owned by franchisees. Public SBA loan records show 20 lenders made 42 loans to franchisees of Miami Subs (Formerly Mr Submar. PeerSense calculates Miami Subs (Formerly Mr Submar's score as 18 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1988 · 32 locations
$125,600 to $1.0M
$30,000
32
32 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Miami Subs (Formerly Mr Submar
42
Total SBA loans
$461K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Miami Subs (Formerly Mr Submar
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
23.8%
vs 10.3% peer avg
SBA Loans
42
Total Volume
$19.4M
Active Lenders
20
2 selective
States
4
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 Miami Subs (Formerly Mr Submar based on SBA lending data
SBA Default Rate
23.8%
13.5% above peer avg
SBA Loan Volume
42 loans
Across 20 lenders
Lender Diversity
20 lenders
Avg 2.1 loans per lender
Investment Tier
Significant investment
$125,600 to $1,025,500 total
Miami Subs (Formerly Mr Submar: 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
2002
5 approvals. The best year on record for Miami Subs (Formerly Mr Submar.
Top SBA State
Florida
38 SBA financed Miami Subs (Formerly Mr Submar locations, the densest operator footprint.
Average Loan Size
$461K
Median $330K. Use as a sizing anchor when modeling your own Miami Subs (Formerly Mr Submar unit.
Lender Concentration
38.1%
Moderately Spread
Share of Miami Subs (Formerly Mr Submar approvals captured by the top 3 SBA lenders.
Miami Subs (Formerly Mr Submar's SBA lending pipeline peaked in 2002 (5 approvals). Operator density is highest in Florida with 38 SBA financed locations. Average funded ticket sits at $461K, with the median at $330K. Lender mix is moderately spread: the top three SBA lenders account for 38.1% of approvals. Meaningful choice exists, but specific lenders carry the brand.
Payment Estimator
Estimated Monthly Payment
$1,300
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
Miami Subs (Formerly Mr Submar, 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
Last reviewed LinkedIn profileAbout Edward Freeman