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Rates
PrimoHoagies

PrimoHoagies

The total investment to open a PrimoHoagies franchise ranges from $382,025 to $668,178. The initial franchise fee is $20,000. Ongoing royalties are 8% plus a 1% advertising fee.

What is the PrimoHoagies franchise?

PrimoHoagies is a specialty sandwich franchise founded in South Philadelphia and headquartered in Westville, New Jersey. Its Italian style hoagies use Dietz and Watson meats and cheeses on proprietary seeded bread. USA Today named PrimoHoagies Best Sandwich Shop in America for three consecutive years from 2023 through 2025. The brand has more than 118 locations and plans to expand across multiple states.

Consumers are showing greater interest in premium ingredients, artisan bread, and the quality associated with independent delis rather than mass market chains using processed ingredients. Independent shops can provide that experience but often lack the consistency, brand infrastructure, and scalability franchise buyers seek. PrimoHoagies combines deli style products with franchise systems, and its three consecutive national awards support its position in the premium sandwich segment.

PrimoHoagies focuses on Italian style hoagies and specialty sandwiches made with premium meats, imported cheeses, and its proprietary seeded roll. Sandwiches are made to order with generous portions. The menu also includes wraps, salads, and catering packages for corporate lunches, parties, and events. Philadelphia roots support the brand's connection to Italian sandwich traditions, while its straightforward menu and efficient kitchen operations are designed to support consistent quality across locations.

The initial franchise fee is $20,000, and the estimated investment for one location ranges from approximately $382,025 to $668,178. Multi unit operators pay between $412,025 and $723,178 for development agreements covering three to five restaurants. Applicants need at least $150,000 in liquid capital and a net worth of $500,000. The ongoing royalty is 8 percent of gross sales, with a 2 percent contribution to the marketing fund. Veterans receive a 10 percent franchise fee discount. Pre opening support includes site selection analysis, restaurant design, build out management, supply chain setup, staff training, and a marketing launch program. Supplier relationships support access to the meats, cheeses, and bread used by the brand.

Of the 88 franchised restaurants open for more than 12 months during the 2024 reporting period, 36 exceeded the brand average. Premium pricing, customer loyalty, kitchen operations, and catering contribute to the brand's reported unit economics. PeerSense tracks SBA lending activity and related approval patterns as part of its franchise research.

Three consecutive USA Today Best Sandwich Shop awards have helped raise PrimoHoagies' profile beyond its Philadelphia area base. The system has more than 118 locations and is entering markets outside its Northeastern stronghold. PrimoHoagies ranked No. 333 on the Franchise Times Top 400 list. Multi unit development is a major part of the expansion strategy, while the company also focuses on maintaining the product standards associated with its national recognition.

A suitable PrimoHoagies franchisee may bring restaurant management experience, strong business skills, or both, along with a clear commitment to food quality and customer service. Franchise partners are expected to maintain premium ingredients and generous portions despite cost pressures. Local marketing, community involvement, and relationships with businesses that can generate catering work are useful capabilities. The company is seeking multi unit operators and offers development agreements in markets across the country to qualified candidates.

PeerSense provides franchise research on PrimoHoagies and thousands of other brands. Buyers can use this information to compare sandwich concepts, review market demographics and territory availability, and assess PrimoHoagies against industry benchmarks. PeerSense is a commercial capital advisory firm that introduces qualified franchise buyers to SBA and conventional lenders. It does not lend money or approve loans.

Loan Activity Score

80/100

SBA Default Rate

7.5%

Active Lenders

33

According to its Franchise Disclosure Document or public business records, PrimoHoagies has 49 locations, all owned by franchisees. Public SBA loan records show 33 lenders made 67 loans to franchisees of PrimoHoagies. PeerSense calculates PrimoHoagies's score as 80 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.

2025 FDD VERIFIEDQuick Service Restaurants

Franchising since 1992 · 49 locations

Investment

$382,025 to $668,178

Franchise Fee

$20,000

Total Units

49

49 franchised

Loan Activity Score
Very high
80
SBA Lending
25
Lender Quality
13
Transparency
8
Reach
7
Momentum
27

Proprietary PeerSense metric

Excellent
Capital Sources
33SBA lenders

Distinct lenders in public SBA records for PrimoHoagies

67

Total SBA loans

$275K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for PrimoHoagies

Loan Activity Score Breakdown

Established (25 to 99 loans)

Very High Confidence
80out of 100
Excellent
Market Momentum27/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence13/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency8/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint7/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

7.5%

vs 10.3% peer avg

SBA Loans

67

Total Volume

$18.4M

Active Lenders

33

8 selective

States

12

vs. SBA Sector Average

+2.8%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (7.5%)
Item 19 financial data disclosed
Growing lender activity

Data Insights

Key performance metrics for PrimoHoagies based on SBA lending data

SBA Default Rate

7.5%

2.8% below peer avg

SBA Loan Volume

67 loans

Across 33 lenders

Lender Diversity

33 lenders

Avg 2.0 loans per lender

Investment Tier

Significant investment

$382,025 to $668,178 total

Payment Estimator

Loan Amount$306K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$3,955

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

PrimoHoagies, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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3 FDDs Available for PrimoHoagies

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PrimoHoagies

Page Review

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