Submarina Sandwiches
The total investment to open a Submarina Sandwiches franchise ranges from $96,850 to $306,112.
What is the Submarina Sandwiches franchise?
Submarina Sandwiches is a quick service restaurant that sells sandwiches to customers. The estimated total initial investment to open is $96,850 to $306,112.
The brand is headquartered in San Diego, California.
Loan Activity Score
21/100
SBA Default Rate
31.4%
Active Lenders
20
According to its Franchise Disclosure Document or public business records, Submarina Sandwiches has 31 locations, all owned by franchisees. Public SBA loan records show 20 lenders made 51 loans to franchisees of Submarina Sandwiches. PeerSense calculates Submarina Sandwiches's score as 21 out of 100, using public SBA loan performance and recent lending activity.
31 locations
$96,850 to $306,112
31
31 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Submarina Sandwiches
51
Total SBA loans
$176K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Submarina Sandwiches
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
31.4%
vs 10.3% peer avg
SBA Loans
51
Total Volume
$9.0M
Active Lenders
20
3 selective
States
8
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 Submarina Sandwiches based on SBA lending data
SBA Default Rate
31.4%
21.1% above peer avg
SBA Loan Volume
51 loans
Across 20 lenders
Lender Diversity
20 lenders
Avg 2.5 loans per lender
Investment Tier
Mid range investment
$96,850 to $306,112 total
Submarina Sandwiches: 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
2008
11 approvals. The best year on record for Submarina Sandwiches.
Top SBA State
California
39 SBA financed Submarina Sandwiches locations, the densest operator footprint.
Average Loan Size
$176K
Median $150K. Use as a sizing anchor when modeling your own Submarina Sandwiches unit.
Lender Concentration
29.4%
Moderately Spread
Share of Submarina Sandwiches approvals captured by the top 3 SBA lenders.
Submarina Sandwiches's SBA lending pipeline peaked in 2008 (11 approvals). Operator density is highest in California with 39 SBA financed locations. Average funded ticket sits at $176K, with the median at $150K. Lender mix is moderately spread: the top three SBA lenders account for 29.4% of approvals. Meaningful choice exists, but specific lenders carry the brand.
Payment Estimator
Estimated Monthly Payment
$1,003
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
Submarina Sandwiches, 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