Lennys Grill & Subs Franchise FDD, Profits & Costs
Lennys Grill & Subs is a fast-casual restaurant franchise specializing in freshly made deli subs, grilled sandwiches, and classic Philly cheesesteaks. Established in 1998 in Bartlett, Tennessee, the brand is now headquartered at 8295 Tournament Drive, Suite 200, Memphis, Tennessee, and operates under the parent company Lennys Holdings, LLC.
The brand entered franchising in 2001, beginning its growth beyond its first shop. Today, Lennys offers both single-unit and multi-unit franchise options, giving business owners the opportunity to introduce its community-oriented sub concept throughout the southeastern and south-central regions of the United States.
Lennys Grill & Subs stands out in the sandwich industry for its dedication to freshly baked bread prepared daily, premium meats sliced to order, and a welcoming, customer-focused atmosphere that embodies its slogan, “Your Favorite Neighborhood Sub Shop.”
Initial Investment
How much does it cost to start a Lennys Grill & Subs franchise? It costs on average between $283,000 – $577,000 to start a Lennys Grill & Subs franchised restaurant.
This includes expenses related to restaurant build-out, kitchen equipment, initial food and supply inventory, and early operational costs. The total investment varies based on several factors, such as the size and layout of the Lennys Grill & Subs restaurant, its geographic location, and whether the franchisee decides to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $25,000 |
| POS System, Kiosks System and related equipment | $16,209 – $20,426 |
| Training | $2,500 – $8,000 |
| Pre-Opening & Opening Marketing (over 3 months) | $10,000 |
| Insurance | $2,500 – $7,000 |
| Deposits, Utility Deposits & Other Prepaid Expenses | $1,000 – $7,000 |
| Leasehold Improvements | $100,000 – $210,000 |
| Furniture, Fixtures, Equipment, Décor Package & Smallwares | $90,000 – $225,000 |
| Professional Fees (Attorneys, Architects, Engineers) | $10,000 – $20,000 |
| Signage | $6,000 – $15,000 |
| Additional Funds (Three Month Period) | $20,000 – $30,000 |
| Total | $283,209 – $577,426 |
Average Revenue (AUV)
How much revenue can you make with a Lennys Grill & Subs franchise? A Lennys Grill & Subs franchised restaurant makes on average $737,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
Lennys Grill & Subs Franchise Disclosure Document
Frequently Asked Questions
What funding options are available for a Lenny’s Grill & Subs franchise?
Most franchise buyers in Lenny’s Grill & Subss investment range finance their unit through an SBA 7(a) loan, with some multi-unit operators using SBA 504 loans. Buyers with rollable retirement funds sometimes use a ROBS structure. See SharpSheets financial model hub for guidance.
How long does it take to pay back a Lenny’s Grill & Subs franchise investment?
Payback periods typically run 3-7 years depending on investment level, location performance, and financing structure. Actual payback varies significantly by unit performance and debt service obligations.
Who owns Lennys Grill & Subs?
Lennys Grill & Subs franchise is owned by Lennys Holdings, LLC, a company based in Memphis, Tennessee.
SharpSheets Editorial Team | sharpsheets.io | Last Updated: July 2026
Disclaimer
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What do Lenny’s Grill & Subs owners actually take home? See the full income analysis, payback period, and break-even breakdown: How Much Does a Lenny’s Grill & Subs Franchise Owner Make? →
Research Lennys Grill Subs franchise data: For the full FDD cost breakdown, investment tables, and Item 19 disclosures, visit FranchisePayback.com → Lennys Grill Subs FDD Review.
