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Tubby's Sub Shop

Tubby's Sub Shop

6 locations

The total investment to open a Tubby's Sub Shop franchise ranges from $100,000 - $193,000. Tubby's Sub Shop currently operates 6 locations (6 franchised). The top SBA 7(a) lenders for Tubby's Sub Shop are The Huntington National Bank, Comerica Bank and Oakland County Business Financ. PeerSense FPI health score: 29/100.

Investment

$100,000 - $193,000

Total Units

6

6 franchised

FPI Score
Medium
29

Proprietary PeerSense metric

Limited
Capital Partners
6lenders available

Active capital sources verified for Tubby's Sub Shop financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Emerging (3-9 loans)

Medium Confidence
29out of 100
Limited

SBA Lending Performance

SBA Default Rate

11.1%

1 of 9 loans charged off

SBA Loans

9

Total Volume

$1.4M

Active Lenders

6

States

1

Top SBA Lenders for Tubby's Sub Shop

What is the Tubby's Sub Shop franchise?

Tubbys Sub Shop franchise presents a compelling opportunity within the vibrant quick-service restaurant segment, distinguished by its dedication to crafting fresh, flavorful subs and cultivating a loyal customer base. Rooted in Shelby Township, Michigan, Tubbys Sub Shop has established a foundation built upon quality ingredients and a commitment to customer satisfaction, a hallmark of successful local and regional food concepts. With a current footprint of five strategically located units, the Tubbys Sub Shop franchise operates as a focused entity, allowing for concentrated support and a personalized approach to brand development and operational excellence across its network. The core offering of a diverse menu of subs, often prepared to order with fresh bread, crisp vegetables, and premium meats, positions Tubbys Sub Shop in a highly competitive yet consistently in-demand market niche. Consumers increasingly seek convenient, customizable meal options that do not compromise on taste or perceived value, and the sub shop model inherently addresses these preferences. The brand's journey from its Michigan origins reflects a deliberate and measured expansion, suggesting a focus on solidifying operational models and ensuring brand integrity before broader market penetration. This considered growth strategy can be particularly appealing to prospective franchisees who desire a hands-on relationship with a franchisor and an opportunity to contribute to the brand's evolving narrative. The appeal of a Tubbys Sub Shop franchise lies not only in its product but also in the potential for community integration, becoming a go-to spot for daily lunches, family dinners, and catering needs within local neighborhoods. This localized presence, supported by a distinct brand identity cultivated from its Shelby Township headquarters, allows each Tubbys Sub Shop franchise location to foster deep roots and become

FPI Score

29/100

SBA Default Rate

11.1%

Active Lenders

6

Key Highlights

Data Insights

Key performance metrics for Tubby's Sub Shop based on SBA lending data

SBA Default Rate

11.1%

1 of 9 loans charged off

SBA Loan Volume

9 loans

Across 6 lenders

Lender Diversity

6 lenders

Avg 1.5 loans per lender

Investment Tier

Mid-range investment

$100,000 – $193,000 total

Tubby's Sub Shop — 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

2012

3 approvals — best year on record for Tubby's Sub Shop.

Top SBA State

Michigan

9 SBA-financed Tubby's Sub Shop locations — the densest operator footprint.

Average Loan Size

$154K

Median $156K — use as a sizing anchor when modeling your own $Tubby's Sub Shop unit.

Lender Concentration

66.7%

Concentrated

Share of Tubby's Sub Shop approvals captured by the top 3 SBA lenders.

Tubby's Sub Shop's SBA lending pipeline peaked in 2012 (3 approvals). Operator density is highest in Michigan with 9 SBA-financed locations. Average funded ticket sits at $154K, with the median at $156K. Lender mix is concentrated: the top three SBA lenders account for 66.7% of approvals — credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$80K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$1,035

Principal & Interest only

Locations

Tubby's Sub Shopunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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Tubby's Sub Shop