Heat toasted sub sandwiches could not appear revolutionary, however again within the early 90s the idea was thought-about modern. Quiznos was an early adopter of toasted sandwiches that propelled the corporate to develop into a nationally acknowledged sandwich model.
Should you’re questioning if you happen to can nonetheless open a Quiznos right now, you definitely can. How a lot does it value to open Quiznos? To begin, Quiznos wants franchisees with a minimal liquid capital of $100,000 and a minimal internet value of $400,000. The estimated preliminary funding vary is $216,100 to $500,000 and the franchise charge is $10,000.
Are you able to know extra about Quiznos and the way forward for this legacy sandwich chain may maintain? I share income figures for the enterprise and focus on a few of the latest closures beneath. Click on right here to take our 7-minute franchise quiz and discover out if that is the appropriate alternative for you.
Monetary Necessities and Charges
Right here’s an outline of the startup prices and costs related to opening a Quiznos franchise:
| Charges / Bills | Monetary Quantity |
| Liquid Capital | $100,000 |
| Internet Price | $400,000 |
| Complete Funding | $216,100 to $500,000 |
| Franchise Payment | $10,000 |
Along with these bills, Quiznos additionally requires an ongoing royalty charge of 5% of the product sales and a advertising charge of two% of the product sales. There’s additionally a POS system charge of $43.64 – $46.20 per 30 days. There’s one other $20 – $40 month-to-month charge for music. Should you plan to open a second franchise, you’ll solely pay a $5,00o preliminary franchise charge.
Common Gross sales / Income per Yr
In 2019, Quiznos was reported $160 million in annual income. Different stories recommend Quiznos has gross revenues of about $129 million. Each of those numbers are unofficial, nonetheless. Discuss with the businesses up to date FDD to see the newest income information.
Quiznos Franchise Information
| Complete Models | 170 (United States) |
| Included Title | Quiznos |
| Franchising Since | 1983 |
| Business | Meals and Beverage |
| Subsector | Sandwiches |
Quiznos was based by Jimmy Lambatos who was an govt chef working on the Colorado Mine Co. steakhouse. He left his job and began Quiznos in 1981.
The primary Quiznos opened in Denver, Colorado. It was a success because the sandwiches had been toasted and at the moment, oven-baked or toasted subs the place not as frequent as it’s right now. Lambatos and his companion Todd Disner invested $ 30,000 on Quiznos which grew to 18 places. They finally offered the enterprise in 1987 to Rick Schaden.
Immediately, Quiznos menu consists of toasted sub sandwiches, flatbread sandwiches, salads, soups, and baked items comparable to cookies and brownies. Their sub sandwich hits are their Traditional Italian, Chipotle Turkey, and Tuna Soften. In addition they have hen subs which make use of grilled hen to make their Honey Mustard Rooster, Baja Rooster, and Mesquite Rooster. Steak subs are additionally out there at Quiznos comparable to their Black Angus Steakhouse, French Dip, and Chipotle Steak and Cheddar.
If it isn’t a sub sandwich you’re searching for, Quiznos has salads comparable to their Traditional Italian Salad, Chef Salad, and Honey Mustard Rooster. In addition they have soups comparable to their Broccoli Cheese and Rooster Noodle Soup.
Quiznos provides catering providers as nicely. Should you want your workplace lunches or conferences catered, Quiznos has customizable sub sandwiches, boxed lunches, and salad bowls.
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Quiznos rose by means of the years to 4,700 places in 2007 and had over $ 1.9 billion in system vast gross sales. They had been thought-about a significant sandwich participant alongside Subway. However unhealthy enterprise and advertising choices together with the recession and different opponents rising within the sandwich scene has prompted Quiznos to plummet to 170 places at current with declining revenues.
However that doesn’t imply Quiznos doesn’t franchise any extra. The corporate appears resilient because it continues to supply franchises even in worldwide places and so they’re doing fairly nicely than america branches. Quiznos could be present in 40 international locations at current.
To franchise Quiznos, refill their inquiry kind right here. As soon as obtained, Quiznos will mail you their downloadable franchise report that features the next particulars:
- Prices & charges related to possession
- Monetary efficiency
- Coaching & help
- Why Quiznos
- New restaurant design
After studying the report, you’ll have an introductory dialog with Quiznos’s workforce so you may ask questions and have your inquiries clarified.
When you and Quiznos decide that each of you have got the identical targets relating to operating the franchise, you’ll obtain the latest copy of their Franchise Disclosure Doc (FDD). You’ll discover the breakdown of the charges and all different monetary data inside that doc. You’ll additionally be capable of meet with different Quiznos franchisees to speak about what it’s like bringing Quiznos to a location close to you.
You’ll have a Discovery Day afterward the place you’ll head over to their headquarters in Denver, Colorado. You’ll meet Quiznos’s govt workforce and have a remaining spherical of dialogue with them. By the tip of the day, if all goes nicely, you’ll signal their franchise settlement which formally makes you a Quiznos franchisee.
At current, the Chief Government Officer and president of Quiznos is Tim Casey and the model is owned by Rego Restaurant Group.
How A lot Does Quiznos Make in Revenue?
Quiznos has not launched any official monetary statements publicly for the 12 months 2021 however in keeping with stories, Quiznos was solely capable of make $15,000 in 2021. This low revenue margin doesn’t precisely instill confidence in potential franchise operators.
Benefits of a Quiznos Franchise
Quiznos has been round for thus lengthy which makes them one of many oldest and well-known sub sandwich locations in america. Listed below are a few of the benefits you may sit up for whenever you franchise them:
Toasted Subs
Toasted sub sandwiches might not be the brand new factor these days however they’re nonetheless a factor and the place else are you able to get among the best toasted subs than from one of many pioneers within the toasted sub enterprise?
Quiznos has maintained their high quality in making scrumptious sub sandwiches for over 40 years. Their Traditional Italian sub is their finest vendor as much as today. As a doable future franchisee, you gained’t be ashamed to market the subs realizing that Quiznos makes an awesome tasting and prime quality sub sandwich.
World Title
Quiznos is positioned not simply in america however everywhere in the world. They’re in 40 international locations and are reportedly doing fairly higher than their United States branches. In case you are prepared to function a Quiznos location exterior America, you would possibly simply discover that it’ll in all probability yield extra success than in america.
Resilience
As talked about above, Quiznos doesn’t precisely have an awesome popularity within the franchise business. Their historical past of closing a number of items and their gross sales plummeting scares off franchisees. However regardless of what occurred Quiznos is braving by means of all of it. Even to today, Quiznos shops are nonetheless open and able to cater to anybody. They might not be as massive as they had been earlier than however they’re nonetheless right here, promoting their signature toasted subs.
Challenges of a Quiznos Franchise
Listed below are a few of the challenges related to operating a Quiznos location as I see it.
Unhealthy Popularity
Earlier than, Quiznos was recognized within the scene as among the best sub sandwich chains in America. With over billions of income and hundreds of places, Quiznos was actually making it within the meals business. Sadly, that’s not their popularity now. Quiznos not has a billion gross sales and solely has a whole bunch of places left. What occurred?
A mixture of unhealthy enterprise choices and the recession has hit the chain exhausting that till now, they’ll’t appear to recuperate from it. There have additionally been stories by a number of franchisees again then that Quiznos was not serving to them make any cash. Reasonably, they had been making franchisees spend extra comparable to giving out free coupons that doesn’t assist with their gross sales.
There was a change in administration now and issues appear higher than earlier than. However if you happen to determine to franchise a Quiznos now, you’ll nonetheless should be very cautious and to actually ensure you have the perfect location and help from the corporate. In any other case, you’ll danger all of your investments on a failed enterprise and clearly, nobody desires that.
Low Revenue
As talked about above, Quiznos has yielded low earnings by means of the years. And low earnings could be warning indicators to not franchise with the enterprise. It might not be the identical case on different places. So if you wish to pursue Quiznos, be sure that your space and placement might help increase your retailer’s gross sales.
Opponents
Immediately, Quiznos isn’t the one one which promoting sub sandwiches. There are a variety of gamers within the area comparable to Subway, Potbelly, Arby’s, Jimmy Johns, Firehouse Subs, and Jersey Mike’s Subs. Granted not all of those opponents toast their subs however the idea is similar. In a rating by Statista of the main sandwich restaurant chains in america in 2020 by system vast gross sales, Quiznos can’t be discovered on the record. This simply goes to indicate how tight the competitors is and the way method beneath Quiznos is among the many many sandwich chains within the nation.
Why have so many Quiznos places closed down?
There’s been a gradual decline within the variety of Quiznos places over the previous decade. In reality, on the corporations peak that they had greater than 4,500 places globally. This quantity has dwindled right down to solely 170 places in america… a staggering decline of greater than 95%.
The probably wrongdoer to shops closing down is lack of gross sales and profitability amongst franchisees. The explanations for closures are advanced. However many consultants cite elevated competitors within the sandwich area and low-profit margin of Quiznos sandwiches.
Is the Quiznos Franchise Proper For You?
Sub sandwiches are a sizzling merchandise within the meals scene however the competitors is fierce. So it’s finest to decide on the appropriate enterprise to franchise so you will get your cash’s value.
Sadly, Quiznos has been on the downswing for greater than a decade. And not using a main shift in technique, it’s exhausting to consider a method this restaurant chain may flip issues across the subsequent 24 months. Opening a location exterior of America could offer you favorable outcomes and is an choice. However for my part, you owe it to your self to research different sandwich chains earlier than investing.
I solely hope Quiznos is ready to stand up as soon as extra and struggle by means of the robust competitors so it could maintain its place within the sub sandwich business once more. I’ve at all times loved eating at this restaurant up to now.
What’s an alternate Quiznos franchise?
One sub sandwich chain you may franchise is Potbelly. The chain has been round since 1977 and is presently increasing all throughout america. Their sub sandwiches are additionally recognized to be toasted making them an acceptable different to Quiznos.
To franchise Potbelly, anticipate the funding to be round $534,950 to $874,000 with the franchise charge to be $40,000. To know extra about this toasted sub sandwich chain, you may take a look at our full information on tips on how to franchise Potbelly right here.
Quiznos could look like an attention-grabbing chain to franchise. However with how issues look unpredictable, it looks as if ready a bit of bit extra or investing in different franchises looks as if a good suggestion. However once more, franchising internationally appears to be higher so if you happen to actually need a Quiznos, research their Franchise Disclosure Doc for worldwide places.
I hope this information was in a position that will help you decide whether or not or not this toasted sub franchise is definitely worth the funding.
