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Area 15 Ventures, LLC Acquires Port of Subs

By: Port of Subs® |  0 Shares     520 Reads

April 05, 2023 // Franchising.com // RENO, Nev. - Area 15 Ventures, LLC announced today that it acquired the iconic 50-year-old sandwich brand, Port of Subs. This acquisition marks a new path for Port of Subs, a brand that has remained a neighborhood favorite since its inception in 1972.

Dave Liniger, Co-Founder and Chairman of global franchise powerhouse RE/MAX, is leading this investment.

“Port of Subs is a welcomed addition to the Area 15 Ventures portfolio,” said Liniger. “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 is looking toward a bright future with the former real estate mogul.

“This is definitely an exciting time for Port of Subs, and I couldn’t feel more secure putting the brand in the hands of a group like Area 15 Ventures,” said John Larsen, the now former CEO of Port of Subs. “Over the years, our franchisees have become truly celebrated in each community we serve because of our high-quality and customizable menu, and with that, we’ve been able to capture an amazing following. It’s impressive to see those efforts recognized by someone with such a strong legacy of entrepreneurship like Dave Liniger. I look forward to seeing Dave and the rest of Area 15 Ventures team drive the brand even farther, and bring Port of Subs to more neighborhoods than ever before.”

Coinciding with the acquisition, Port of Subs is welcoming new additions to its executive leadership team. Adam Contos, RE/MAX Holdings’ most recent CEO, will be joining Port of Subs as the brand’s newest CEO. Contos has been with Area 15 Ventures since early 2022, is a Board Director with the International Franchise Association, has two decades of franchise leadership experience, and is now taking a more integrated role within Port of Subs. Additionally, Port of Sub’s former Executive Vice President, Healey Mendicino, will now serve as the President of the brand, leading with a capable and community-focused style.

SOURCE Port of Subs® and Area 15 Ventures

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Media Contact:

Elizabeth Diamond
All Points PR
Cell: 971-217-2866
ediamond@allpointspr.com

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