How Much Does it Cost to Open a Quiznos Franchise?
Here’s what you need to know about the investment required to open a Quiznos and what kind of support you can expect from the franchisor.
Thinking about franchising with one of the most recognizable sandwich brands around? Opening a Quiznos franchise comes with some costs you need to know about. The total investment can range from $458,100 to $1,432,000, depending on where you set up shop and what equipment you need.
Here's a breakdown of the expenses, from franchise fees to marketing costs, to help you understand what you're getting into.
Quiznos Franchise Costs Breakdown
Quiznos’ wide investment range reflects the varying costs associated with different types of locations, from freestanding buildings to strip center/mall setups. In addition, each of these locations has the option for a dining room and/or a drive-thru.
Here are costs that Quiznos franchisees can expect:
- Franchise and Support Fee: Paying the $30,000 franchise and support fee is the first step to becoming a Quiznos franchise owner. This fee not only secures the franchise rights but also includes training for up to two individuals (travel expenses not included).
- Opening Inventory: The investment in opening inventory ranges from $9,000 to $15,000 and covers the essential stock needed to kick-start operations.
- Restaurant Equipment, Fixtures, and Signs: To ensure a fully equipped and visually appealing establishment, the franchisee should budget between $75,000 and $120,000 for restaurant equipment, fixtures, and signs.
- Marketing Ad Fund: Franchisees are required to contribute 2% of gross sales to the Marketing Ad Fund. This fund supports nationwide marketing efforts to boost brand visibility and customer engagement.
- Grand Opening Advertising: A successful grand opening is crucial for any new business. Quiznos recommends allocating between $5,000 and $15,000 for effective advertising during this pivotal launch phase.
- Royalty fee: Quiznos requires an ongoing royalty fee of 5% of the gross sales.
Quiznos Franchise Benefits
When investing in Quiznos, franchisees benefit from the brand’s support and streamlined business model in areas such as:
- Design: Quiznos offers an innovative design that includes fully equipped drive-thru services, catering to the growing demand for convenience.
- Reduced Build Time: Franchisees can enjoy a quicker setup process, translating to faster commencement of operations.
- Lower Development Costs: Quiznos' modular construction options and floor plans offer cost-effective development, ensuring a more accessible entry into the quick-service restaurant (QSR) market.
- Greater Flexibility in Site Selection: With various location options, including standalone prefab structures, freestanding buildings, or traditional strip center/mall units, franchisees have the flexibility to choose the setup that aligns with their business vision.
While opening a Quiznos franchise involves a significant financial investment, it also presents a promising business opportunity within the QSR sector. With a clear understanding of the associated costs and the benefits offered, aspiring franchisees can begin this venture with confidence as they carve out their slice of success in the thriving world of fast-casual dining.
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