
Quiznos
Fast Casual Restaurant, Food and Beverage
General
Industry
-Category
Food and BeverageSBA Identifier
S1374Year of Founding
2018Fees
Marketing Fee
2%Royalty Fee
5%Franchise Fee
$10,000-$10,000Investment Range
$216K-$328KLocation units
Total U.S. Locations
230U.S. Franchised Units
229U.S. Corporate Units
1Headquarters (City)
COOther
Item 19 - Franchise Financials
-Financing Availability
yesStarted Offering Franchises
2018Issuance of FDD Data
07/28/2021What to know about Quiznos franchise?
Quiz Holdings, LLC is offering franchises to operate a restaurant offering submarine and other sandwiches, salads, soups, soft drinks and related other products under the service mark "QUIZNOS" and "QUIZNOS SUB."
Quiznos is based in Denver, CO. Scroll down to learn more!
How Much Does a Quiznos Franchise Cost?
Are you wondering how much is a Quiznos franchise? Before starting a Quiznos franchise, it is important to know the Quiznos franchise fee ($10,000) working capital and other costs required to start the business.
The minimum investment amount required to open a Quiznos franchise is $216,053 and can go all the way up to $328,379. Keep in mind, you should also allocate additional funds to live off of while the Quiznos business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Quiznos franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Quiznos business 2) pass break even 3) hit significant income.
After (and if) you pass the point of earning significant income from your Quiznos franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
Franchise Net Unit Growth
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Franchise Data
Year | Start of year | Units Opened | Units Closed | Total End of Year |
---|---|---|---|---|
2016 | 664 | 4 | 179 | 489 |
2017 | 489 | 10 | 125 | 374 |
2018 | 372 | 3 | 71 | 304 |
2019 | 304 | 5 | 31 | 278 |
2020 | 278 | 1 | 50 | 229 |
Additional Details
How much does a Quiznos franchise owner make?
Quiznos franchise earnings and revenue can vary significantly from one franchisee to another. The Quiznos franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.
Quiznos unfortunately does not disclose financials on how much Quiznos franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.
Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Quiznos does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Quiznos franchisees. Do note that Quiznos is not alone as about 40% of franchises do not disclose franchisee financial performance.
At Vetted Biz, we suggest you to speak with 5 to 10 Quiznos franchisees to understand how much money they are making from their Quiznos business.
You should also speak to former Quiznos franchisees to understand why they left the system. Did they sell their Quiznos at a profit? Were they forced to close their Quiznos franchise down because it kept losing money?
What is the Quiznos Franchise Fee?
Owning a Quiznos franchise requires a 5% royalty fee and a 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.
Keep in mind, there is also an initial Quiznos franchise fee of $10,000 that is included in the initial investment amount of $216,053 to $328,379. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Quiznos franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Quiznos franchise fee of $10,000.
Visit the Quiznos metrics tab to explore how the franchise, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.
When was Quiznos founded?
Quiznos was founded 4 years ago in 2018. Quiznos started offering franchises in 2018. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!
How many Quiznos locations are in the U.S.?
As of Issuance of 2021, there were 229 Quiznos locations owned and operated by franchisees across the U.S. There are also 1 corporate locations owned and operated by Quiznos. Most Food and Beverage franchises like Quiznos have more franchised locations than corporate locations.
How many Quiznos franchises opened over the past few years?
Over the prior 3 years we have data for, Quiznos has opened 9 outlets throughout the U.S.
Visit the Quiznos metrics tab to explore how the openings compare to other Food and Beverage franchises.
How many Quiznos franchises closed over the past few years?
Over the prior 3 years we have data for, Quiznos has closed 152 outlets throughout the U.S.
Visit the Quiznos metrics tab to explore how the closures compare to other Food and Beveragefranchises.
Is Quiznos growing? Are they opening more locations than they are closing?
The net unit growth rate for Quiznos over the past 3 years is -38%. Over the last year we have data for, Quiznos had a net unit growth rate of -18%.
Without a comparison, this number doesn’t mean much. Compare how the Quiznos growth rate compares to 2,000+ other franchises and Food and Beverage franchises like Quiznos. More info in the Quiznos metrics tab.
Is Quiznos franchise eligible for an SBA Loan?
Quiznos is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.
Quiznos franchise was assigned the SBA Franchise ID of S1374 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Quiznos that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.
Is Quiznos a franchise in the United States?
According to the SBA, Quiznos meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Quiznos provides you with an FDD if you are in discussion to buy a Quiznos.
What is the Quiznos Franchise for Sale Rate?
The Quiznos systemwide health and franchisee satisfaction can be measured by the Quiznos franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.
The franchise for sale rate for Quiznos over the past 3 years is 8%. Over the last year we have data for, Quiznos had a franchise for sale rate of 4%.
Without a comparison, this number doesn’t mean much. Compare how the Quiznos franchise for sale rate compares to 2,000+ other franchises and Food and Beverage franchises like Quiznos. More info in the Quiznos metrics tab.
What is the Quiznos Franchise Failure Rate?
Quiznos franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!Quiznos failure rate over the past 3 years is 66%. Over the last year we have data for, Quiznos had a franchise failure rate of 22%
Without a comparison, this number doesn’t mean much. Compare how the Quiznos failure rate compares to 2,000+ other franchises and Food and Beverage franchises like Quiznos. More info in the Quiznos metrics tab.
How can I find out more details on Quiznos franchise?
Visit the Quiznos metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!
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General
Industry
-Category
Food and BeverageSBA Identifier
S1374Year of Founding
2018Fees
Marketing Fee
2%Royalty Fee
5%Franchise Fee
$10,000-$10,000Investment Range
$216K-$328KLocation units
Total U.S. Locations
230U.S. Franchised Units
229U.S. Corporate Units
1Headquarters (City)
COOther
Item 19 - Franchise Financials
-Financing Availability
yesStarted Offering Franchises
2018Issuance of FDD Data
07/28/2021Franchise Fee Midpoint
The percentage change of total franchise units from one year to the next
1 year
3 years
Quiznos
[0%]
-18%
Industry median
All franchises median
Unlock premium content
Franchise Disclosure Document
Net Unit Growth (most recent year)
Net Unit Growth (3 years)
Failure Rate
Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.
1 year
3 years
Quiznos
NA
42%
Industry median
All franchises median
Unlock premium content
Franchise for Sale Rate
The percentage of units transferred to new franchisees and reacquired by franchisor.
1 year
3 years
Quiznos
NA
7%
Industry median
All franchises median
Unlock premium content
Food and Beverage, PizzaJim’s Pizza |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Food and Beverage, PizzaJimano’s Pizzeria |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Fast Casual Restaurant, F...Jimboys Tacos |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Fast Casual Restaurant, F...Jaliscos |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Investment Midpoint
The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document
Quiznos
$272,216
Industry median
All franchises median
Unlock premium content
Royalty Fee
The median royalty fee from the Franchise Disclosure Document
Quiznos
5%
Industry median
All franchises median
Unlock premium content
Franchise Fee Midpoint
The percentage change of total franchise units from one year to the next
1 year
3 years
Quiznos
[0%]
-18%
Industry median
All franchises median
Unlock premium content
Item 19 – Financial Performance Representations
Historical financial performance representations
Unlock premium content
Franchise Financials
Franchisor company financial information and financial performance representations, if disclosed by the franchisor.
Unlock premium content
Business details


Company name
-Business email
-Mailing address
4700 S. Syracuse St., Suite 225State headquarters
ColoradoKey leadership
QuiznosPhone
+1 (000) 000-00-00City
DenverZip code
80237Name | State | City | Zip code | ||
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