Planet Sub
The total investment to open a Planet Sub franchise ranges from $78,000 to $300,000. The initial franchise fee is $26,750.
What is the Planet Sub franchise?
Planet Sub began in Lawrence, Kansas, in 1979, when the original Yello Sub store opened. Founders Jeff Klusman and Sean Kelly built on its made from scratch approach, opening the first Planet Sub franchise location in Overland Park, Kansas, in 1998 and launching franchising operations in 2002 and 2003. The company is headquartered in Kansas City, Missouri, operates only in the United States, and has 42 units as of 2026, including 14 franchised locations and more than 80 stores in development. Owner Kelly Klusman leads the brand with Director of Franchising Ryan Joy and Director of Marketing Tyler Cordel. Planet Sub has been recognized by QSR Magazine as "One to Watch" and a "Top Franchise Deal." Franchise Business Review placed it among the "Best of the Best: Top 40 Food Franchises in America" based on franchisee satisfaction data. The concept centers on bread mixed, rolled, and baked from scratch in each location, daily sliced meats and cheeses, scratch made sauces, and more than 45 sandwich choices. For buyers considering the $23.6 billion U.S. sub sandwich market, the brand offers a long operating history and an active national expansion plan that warrant careful due diligence.
The U.S. sub sandwich franchise industry reached $23.6 billion in 2022 and grew 4.5 percent that year. The global full service restaurant market was estimated at $1.59 trillion to $1.65 trillion in 2025, with projected growth to approximately $2.05 trillion by 2035 at a compound annual growth rate of roughly 2.6 percent. The U.S. full service segment is projected to grow at a CAGR of 3.5 percent from 2025 through 2035. Nearly 40 percent of consumers seek gluten free, vegan, and organic dining choices, supporting concepts built around fresh, minimally processed ingredients. Casual dining restaurants hold a 72 percent share of the full service restaurant market, supported by broad menus and flexible price points. AI driven menu recommendations, contactless payments, and delivery platform integration are becoming standard customer expectations. The sub sandwich category remains fragmented outside of one or two dominant national players, leaving room for regional and emerging brands with differentiated products and sound unit economics.
The Planet Sub franchise fee is $26,750. Total investment ranges from $78,000 to $300,000, depending on real estate condition, geographic market, existing build out, equipment, and initial inventory. The brand’s franchise disclosure materials have also cited an investment range of $182,500 to $447,000, which may reflect conversion scenarios or nontraditional sites that avoid significant build out costs. Qualifying military veterans receive a 20 percent franchise fee discount, reducing the fee to approximately $21,400. Applicants should plan for at least $100,000 in liquid capital and a minimum net worth of $300,000 to $350,000, depending on territory configuration and deal structure. The royalty is 5 percent of gross sales, and the advertising fund contribution is 1 percent to 3 percent of gross sales. Planet Sub is privately held and has no publicly traded parent company, so buyers should review the franchise disclosure document and request audited financial statements during due diligence. The cost structure places the concept in the accessible to mid tier range for fast casual restaurants.
Planet Sub stores generally occupy 1,600 to 2,500 square feet, require at least 25 feet of frontage and approximately 400 amp three phase electrical power, and use a preferred HVAC specification of one ton per 150 square feet. The brand favors residential and suburban locations with populations above 25,000 and median household incomes of at least $45,000. Lease terms call for 10 year initial terms with 5 year renewal options. Entry level employees can learn core operating skills in one to two days, with no cooking or complex culinary training required beyond bread making. Franchisees complete a 30 day hands on training program focused on producing the signature scratch made bread to standard before opening. The company calls its support structure a "Killer Support Network" and describes the team as accessible, practical, and available during opening and ongoing operations. Some locations offer craft beer on tap where licensing permits. A proprietary playing card order identification system routes orders to guests and adds a distinctive element to the store experience.
The broader U.S. sub sandwich franchise category generated $23.6 billion in 2022 and grew 4.5 percent that year, offering a reference point for market research. Planet Sub has grown to 42 units with more than 80 additional stores in development. Its Franchise Business Review ranking is based on franchisee satisfaction surveys. Prospective buyers should speak with existing franchisees, especially operators in comparable markets, and model conservative, base, and optimistic sales cases against the $78,000 to $300,000 investment range.
Planet Sub operated 14 corporate stores and 28 franchise locations in 2016 and reached 42 total units by 2026 while building a development pipeline of more than 80 stores. Its stated goal is to become one of the fastest growing fresh casual concepts in the United States. Target markets include Kansas City, Wichita, Topeka, Lawrence, Des Moines, St. Louis, Phoenix, Tucson, Austin, Oklahoma City, Dallas, San Antonio, Omaha, Springfield, and Lincoln, with plans to enter Atlanta, Georgia, in the near term. The brand’s operating history dates to the 1979 founding of Yello Sub, supporting its claim of more than 30 years of consistent growth. Its product model includes scratch made bread, daily protein and sauce preparation, and more than 45 sandwich varieties. The menu also includes made to order salads, romaine lettuce wraps, soups, cookies, and craft beer at select locations. The company describes its culture as attracting employees with "authentic attitudes." Franchise Business Review recognition and the expanding development pipeline indicate activity in both franchise recruitment and retention under Kelly Klusman.
The intended franchisee is an owner operator with community roots, an interest in food quality, and the ability to lead a small team in a high throughput setting. Restaurant experience can help but is not mandatory. Organization, participation in the 30 day training program, and adherence to scratch made quality standards are more central requirements. Expansion is focused on the Midwest, Southwest, and Southeast, including Phoenix, Tucson, Austin, Dallas, San Antonio, Oklahoma City, and Atlanta. Preferred sites are suburban and residential trade areas with populations above 25,000 and median household incomes of at least $45,000. The agreement structure provides 10 year initial lease terms with 5 year renewals. Planet Sub supports multi unit development as it works toward its more than 80 store pipeline. Opening timing depends mainly on site selection, permitting, and build out, with assistance from the brand’s support team.
Planet Sub combines a 45 year operating history with a scratch made product model, a $26,750 franchise fee, and a total investment range of $78,000 to $300,000. Buyers should weigh the Franchise Business Review satisfaction recognition, 5 percent royalty, unit growth, market conditions, and site specific economics rather than relying on industry growth alone. The U.S. sub sandwich market was $23.6 billion in 2022, while the global full service restaurant market was estimated at $1.59 trillion to $1.65 trillion in 2025. PeerSense assigns the brand a Franchise Performance Index score of 38, rated Fair, reflecting its national expansion stage and current disclosure limits. PeerSense provides independent franchise research, including SBA lending history, Loan Activity Scores, location maps with Google ratings, FDD financial data, and comparison tools for fast casual and sandwich concepts. PeerSense is a commercial capital advisory firm that introduces franchise buyers to SBA and conventional lenders, rather than a lender itself.
Loan Activity Score
38/100
SBA Default Rate
6.7%
Active Lenders
9
According to its Franchise Disclosure Document or public business records, Planet Sub has 22 locations, all owned by franchisees. Public SBA loan records show 9 lenders made 15 loans to franchisees of Planet Sub. PeerSense calculates Planet Sub's score as 38 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1979 · 22 locations
$78,000 to $300,000
$26,750
22
22 franchised
Proprietary PeerSense metric
FairDistinct lenders in public SBA records for Planet Sub
15
Total SBA loans
$238K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Planet Sub
Loan Activity Score Breakdown
Growing (10 to 24 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
6.7%
vs 10.3% peer avg
SBA Loans
15
Total Volume
$3.6M
Active Lenders
9
1 selective
States
6
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 Planet Sub based on SBA lending data
SBA Default Rate
6.7%
3.6% below peer avg
SBA Loan Volume
15 loans
Across 9 lenders
Lender Diversity
9 lenders
Avg 1.7 loans per lender
Investment Tier
Mid range investment
$78,000 to $300,000 total
Planet Sub: 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
2016
6 approvals. The best year on record for Planet Sub.
Top SBA State
Missouri
8 SBA financed Planet Sub locations, the densest operator footprint.
Average Loan Size
$248K
Median $224K. Use as a sizing anchor when modeling your own Planet Sub unit.
Lender Concentration
35.7%
Moderately Spread
Share of Planet Sub approvals captured by the top 3 SBA lenders.
Planet Sub's SBA lending pipeline peaked in 2016 (6 approvals). Operator density is highest in Missouri with 8 SBA financed locations. Average funded ticket sits at $248K, with the median at $224K. Lender mix is moderately spread: the top three SBA lenders account for 35.7% of approvals. Meaningful choice exists, but specific lenders carry the brand.
Payment Estimator
Estimated Monthly Payment
$807
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
Planet Sub, 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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