COUSINS SUBS
Cousins Subs franchises operate restaurants specializing in made-to-order submarine sandwiches, hot sandwiches, salads, and related food products and beverages for on-premises and off-premises consumption under the 'Cousins Subs' name. The franchisor offers individual franchises and multi-unit development rights using a uniform business system with specific marks, equipment, and procedures. They target the general public competing with other fast-food sandwich shops and quick-service restaurants.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2% ad fund + $300-$800/mo technology fund + $200/mo renovation fund
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 31 Franchised Traditional Shops in 2024, categorized into High, Middle, and Low based on gross receipts.
* Calculated weighted average gross revenue for 31 Franchised Traditional Shops (2024) from High, Middle, and Low categories: (10*$1,228,439 + 11*$795,459 + 10*$529,741) / 31 = $849,414.48. Median gross revenue is from the middle category ($786,125). Revenue top quartile is the average from the High category ($1,228,439), and revenue bottom quartile is the average from the Low category ($529,741). Average gross profit, average EBITDA, and EBITDA margin percentage are calculated as weighted averages from the segmented data of 50 Affiliate-Owned Shops (2024), as franchised profit data was not provided. Average gross profit = (($594,302-$159,810)*6 + ($828,152-$222,185)*20 + ($1,266,030-$330,124)*24) / 50 = $743,760.72. Average EBITDA = ($25,427*6 + $60,413*20 + $170,988*24) / 50 = $109,290.68. The best guess profit range (low and high) is estimated by applying the lowest (4.28%) and highest (13.51%) EBITDA margins observed in the affiliate-owned shop data to the calculated average gross revenue of the franchised shops.
Extracted Item 19 Section
How COUSINS SUBS Compares to Other Fast Food Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
COUSINS SUBS Current | $436K - $1.1M | $25K | 6.0% | 36 |
| Burger King | $2.1M - $4.7M | $50K | 4.5% | 19,732 |
| MCDONALD'S | $1.5M - $2.6M | $45K | N/A | 12,772 |
| AFC | $45K - $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M - $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K - $728K | $35K | 6.0% | 2,647 |
Fast Food Average 127 franchises | $605K - $1.5M | $35K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 127 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for COUSINS SUBS franchisees (2012 - 2021)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a COUSINS SUBS franchise?
The total initial investment to open a COUSINS SUBS franchise ranges from $436,200 to $1,051,500. This includes a franchise fee of $25,000. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a COUSINS SUBS franchise make?
According to the 2025 FDD, the average gross revenue for a COUSINS SUBS franchise is $849,414.48. The median revenue is $786,125.
How much profit can you make with a COUSINS SUBS franchise?
Based on the financial performance data in the FDD, estimated profit for a COUSINS SUBS franchise ranges from $36,354.94 to $114,755.9 per year. Actual results vary based on location, management, and market conditions.
How many COUSINS SUBS franchise locations are there?
As of the 2025 FDD, COUSINS SUBS has 36 franchise locations. The company has been franchising since 1979.
Can you get an SBA loan for a COUSINS SUBS franchise?
Yes, SBA loans are available for COUSINS SUBS franchises. Historical data shows 33 SBA 7(a) loans have been approved for COUSINS SUBS franchisees, with an average loan amount of $184,539. The historical default rate is 3.0%.
Is COUSINS SUBS a good franchise to buy?
COUSINS SUBS shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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