Firehouse Subs FDD: What Changed from 2025 to 2026
The 2026 Firehouse Subs FDD lifts both ends of the Item 7 estimated initial investment — the low end moves from $379,650 to $405,350 (+$25,700, +6.8%) and the high end from $1,396,100 to $1,577,750 (+$181,650, +13.0%) — while the system adds 43 outlets to 1,291.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $379,650 | $405,350 | +$25,700 |
| High end of range | $1,396,100 | $1,577,750 | +$181,650 |
| Full range | $379,650–$1,396,100 | $405,350–$1,577,750 |
Both the floor and ceiling of Firehouse Subs' Item 7 range move up between filings, widening the overall band from $1,016,450 to $1,172,400.
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 1,248 | 1,291 | +43 (+3.4%) |
Firehouse Subs reports 1,291 outlets in the 2026 FDD, up 43 from 1,248 in the 2025 filing.
Item 19 — Financial Performance Representations
Firehouse Subs provided an Item 19 financial performance representation in both the 2025 and 2026 filings.
Item 6 — Ongoing Fees
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Royalty rate | 6% | 6% | unchanged |
The ongoing royalty rate remains 6% of Gross Sales between filings.
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