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Quiznos Franchise ProfileRestaurant Franchises > Quick-Service Restaurants |
The initial investment for a Quiznos franchise ranges from $220,600 to $641,000. This figure includes a franchise fee of $30,000, which is essential to secure your franchise rights. Additionally, potential franchisees must be prepared for ongoing costs, including a royalty fee of 5% of gross sales and a marketing fee of 2%. It’s crucial to assess your financial readiness and ensure you have the necessary capital before proceeding with your application.
Quiznos franchises generate an average annual revenue of $417,139 per unit, with a gross profit margin of 70.3%. After accounting for operating expenses, the EBITDA stands at approximately $103,015, which represents 24.7% of revenue. Understanding these financial metrics can help potential franchisees gauge the profitability of the business and make informed decisions about their investment.
To qualify for a Quiznos franchise, candidates must have a net worth between $300,000 and $400,000. It is also recommended that franchisees have liquid cash available ranging from $220,600 to $611,000. Meeting these financial requirements is essential for securing financing and ensuring that you can effectively manage the ongoing operational costs associated with running a franchise.
Franchisees can expect to reach their breakeven point within 12 months of opening their Quiznos location. This rapid payback period can be appealing for investors, as it indicates a potentially quick return on investment. However, achieving this breakeven point depends on various factors, including location, management, and market demand, so careful planning and execution are vital.
Quiznos Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Quiznos Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 201 | 165 | 156 |
Net Change YoY | -36 | -9 | |
Franchised Units | 201 | 165 | 156 |
Net Change YoY | -36 | -9 | |
Corporate Units | 1 | 1 | 1 |
Net Change YoY | 0 | 0 |
Quiznos is a well-known fast-casual restaurant chain specializing in toasted submarine sandwiches, salads, and soups. Established in 1981, Quiznos has built a reputation for quality ingredients and innovative flavor combinations. With a focus on providing a unique dining experience, the brand has expanded its reach across the United States and internationally, serving millions of customers each year.
To become a Quiznos franchisee, the initial investment ranges from $220,600 to $641,000, depending on various factors such as location and store size. The initial franchise fee is set at $30,000. Franchisees should also be prepared for ongoing royalty fees of 5% of gross sales and a marketing fee of 2%. A minimum net worth of $300,000 to $400,000 is required, along with cash reserves between $220,600 and $611,000.
Quiznos franchises have demonstrated strong financial performance, with an average annual revenue per unit of $417,139. The highest reported annual revenue for a single unit reached $5,468,736. Franchisees can expect to break even within approximately 12 months, making it a potentially lucrative investment for those looking to enter the fast-casual dining sector.
As of 2023, Quiznos operates 156 franchised units, a decline from 201 units in 2021. This trend indicates the challenges the brand has faced in maintaining its franchise network, but it also presents opportunities for new franchisees to enter a market with untapped potential. The company has consistently maintained one corporate unit, ensuring a direct connection to franchise operations.
Quiznos provides comprehensive support to franchisees, including training programs, marketing assistance, and ongoing operational guidance. This support is crucial for new franchisees as they navigate the complexities of running a restaurant. The brand emphasizes franchisee success through robust training and resources, helping owners optimize their operations and profitability.
Quiznos has established a strong brand presence in the fast-casual dining market, known for its commitment to quality and flavor. The brand's unique selling proposition lies in its toasted subs, which differentiate it from competitors. With a focus on innovation and customer satisfaction, Quiznos continues to evolve its menu and marketing strategies to attract and retain customers in a competitive landscape.
Frequently Asked Questions
The initial investment for a Quiznos franchise ranges from $220,600 to $641,000, which includes the franchise fee, equipment, and other startup costs.