Databases

Quiznos

Franchise Summary

Description

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. "

Company Background

Quiz Holdings, LLC is a franchise company that offers opportunities to own and operate Quiznos restaurants. With over 2,000 locations in the US and Canada as of March 2019, Quiznos continues to be one of the leading brands for submarine sandwiches.

Franchise Opportunity

Quiznos is a fast casual restaurant chain that has been around for over 30 years. The company was founded in 1981 by Jimmy Lambatos and sold to private equity firm Roark Capital Group in 2012. In the past five years, sales have declined by more than 50% and the brand is struggling to attract customers. Franchisees are looking at purchasing one of these failing restaurants with an opportunity to turn it into a successful franchise business again. They need help doing this quickly, because they don't want their investment going to waste. This is where you come in as an experienced franchise consultant who can help them get started on the right foot before it's too late!

Corporate Structure

QFA Royalties LLC was formed as a Delaware limited liability company on October 28, 2004. Their principal business address is 7595 Technology Way, Suite 200, Denver, Colorado 80237.

Franchisee Attrition

10 /10

This franchise's rate of attrition in 2023 of 0.00% was Lower than the 8% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system

What's Included in franchise attrition?

We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

#	Type	Investment	Fees

Employee Contact Database

#	Name	Position	Phone Number	Email Address

Franchise Disclosure Documents

FDD	Effective Date

Distribution of Quiznos Franchisees

Quiznos Franchise System Development in 2021

FAQ

How much investment do I need to start my own Quiznos business?

Franchisees typically require at least $270,000 to $1,244,000 investment to get their Quiznos business started

What are the initial franchise fees for Quiznos?

Franchisees typically need to pay at least $30,000 in fees directly to Quiznos in order to earn the right to launch their business

How much money can I make with a Quiznos franchise? What are the average revenues for a typical Quiznos business?

We haven’t done the math on how much revenue a typical Quiznos brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $0 revenue, so we would expect Quiznos to generate a similar amount

How long do I need to commit to running a Quiznos unit? What is my contractual commitment?

Quiznos franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

4 /10

The Franchisor's investment costs ranges from $270,000 to $1,244,000 which is Much Lower than the $619,545 to $1,693,635 average in the QSR industry

What determines the investment cost?

Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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