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Moe's Italian Sandwiches
Moe's Italian Sandwiches is the name of an Italian submarine sandwich shop located in Portsmouth, New Hampshire. The owners, the Paganos, also own the Moe's franchising business, MadMoe Corporation, which has begun placing Moe's Italian Sandwiches restaurants throughout New England. Phil "Moe" Pagano quit his job as a cheese salesman in May of 1959 when he bought a sandwich shop on Daniel Street in Portsmouth from Moe Weiner. He surprised many by only selling one type of a sandwich, the sandwich's recipe having been handed down by his mother. It featured mild salami, provolone, thinly sliced onions and peppers, tomatoes, olives, with a small amount of olive oil on a submarine sandwich roll.
Facts & figures
$30,000 is required in available capital if you want to become a franchisee. $250,000 is the minimum net worth required to open a location. The low end of the total investment required to open a new franchise is $60,000. The most you would expect to invest in a Moe's Italian Sandwiches location is $100,000. New franchisees pay Moe's Italian Sandwiches a franchise fee of $10,000. Today, the location count for this franchise has reached 12.
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