Quiznos
Quiznos franchises operate quick-service restaurants serving toasted submarine sandwiches, salads, soups, soft drinks, and related products under the QUIZNOS brand. Restaurants can be located in traditional inline commercial spaces or standalone buildings with or without drive-thrus, as well as non-traditional venues like malls, transportation centers, or school campuses. The business model focuses on franchising to multi-unit operators and individuals targeting fast-casual dining customers seeking customizable subs and quick meals.
Franchise Costs
5% royalty + 4% marketing fee + $100-$400/mo technology + $230-$340/mo POS + $40-$50/mo music fees
Financial Performance
Item 19 Financial Performance
Data Based On: 118 franchised outlets (23 non-traditional, 95 traditional) open for at least 12 full months as of December 29, 2024, as presented in the '2024 Annual Sales' table. The text above the table mentions 'all 151 franchised outlets', but the sum of franchised outlets in the table is 118.
* Calculated weighted average revenue for franchised units based on the '2024 Annual Sales' table. Used data from 'Non-Traditional Franchised Restaurants' (23 units, avg $234,717) and 'Traditional Franchised Restaurants' (95 units, avg $393,944). The calculation is (23 * $234,717 + 95 * $393,944) / (23 + 95) = $362,908.23. The overall median, top, and bottom quartile revenues are not provided in the table format. No data on gross profit, net income, net profit, or EBITDA was provided.
Extracted Item 19 Section
How Quiznos Compares
Key Insights
- Lower investment than 76% of Fast Food franchises
- Lower than average SBA loan default rate in Fast Food
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Quiznos Current | $214K – $649K | $5K | 5.0% | 151 |
| 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 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 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
+33 more states
SBA Loan History
Historical SBA 7(a) loan data for Quiznos franchisees (2010 – 2023)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
114 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
114 Contacts Available
Unlock all Quiznos franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
Predecessor QCE Finance LLC, et al., filed bankruptcy in 2014 (Case No. 14-10543, U.S. Bankruptcy Court for the District of Delaware).
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Quiznos franchise ranges from $213,900 to $648,800. This includes a franchise fee of $5,000. Ongoing royalty fees are 5.0% of gross sales.
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