Area 15 Ventures, LLC, a private equity firm based in Castle Rock, Colorado, recently announced that it acquired the iconic 50-year-old sandwich brand, Port of Subs.
Dave Liniger, Co-Founder and Chairman of global franchise powerhouse RE/MAX, is leading this investment.
The new owners say Port of Subs is now poised for extensive growth while maintaining its high-quality sandwiches and service.
“Port of Subs is a welcomed addition to the Area 15 Ventures portfolio, and there is no doubt that this is a concept equipped for broadscale growth,” said Liniger. “When seeking out new concepts to add to our roster, we do our due diligence in confirming the brand has the potential to grow on a global scale, thrive in today’s competitive QSR market and above all, has the highest quality product that aligns directly with what consumers are looking for. That’s exactly what we’ve found with Port of Subs. The brand’s legacy, values and rock-solid business model provide a wealth of potential, and we’re thrilled to have found an established brand with so much growth on the horizon.”
As “your neighborhood sandwich shop”, Port of Subs has been bringing people together since its early days. The story began when two brothers from New Jersey opened a modest submarine shop in Sparks, Nevada called the “Sub Shop”. Since John Larsen and his family bought the company in 1975, Port of Subs has become known for its mission to serve quality products through superior service by friendly, qualified people in a clean, appealing atmosphere. The made-fresh-to-order sandwiches are prepared while customers eagerly look on. The unique taste comes from freshly sliced, top-quality meats and cheeses, freshly baked breads, and zesty dressings and spices.
Port of Subs opened it first location in Sparks back in 1972.
