Home | Gossip | What a Quiznos franchisee makes
A Quiznos franchisee posts his financial results. With $480,000 in gross revenue, the franchisee nets $45,000 before taxes. Is that a good investment?

What a Quiznos franchisee makes

As a follow up to our previous article regarding Quiznos and the importance of legal representation, the QuiznosSucks.com owner posted his (claimed) financial results from owning a Quiznos franchise:

Topic: How much a Quiznos earns
Posted by: XXXXXXX
Date/Time: in 2005

I am a Quiznos franchisee. Here is a breakdown of how much a franchisee can potentially earn — or not earn.

The figures are not necessarily BAD, I guess I just wish someone gave me these hard figured BEFORE I bought one.

If a store earns $40,000 / month:
7% Royalty $ 2,800
1% Local Advertising $ 400
3% national advertising $ 1,200
20% Labor $ 8,000
29% Food $ 11,600
3% Paper $ 1,200
.3% Accounting/Payroll $ 300
10% Rent/CAM $ 4,000
2.75% Insurance / Misc. $ 1,100
5% repay SBA loan $ 2,000
4.5% misc bills (utilities, etc) $ 1,800
.5% Spoilage $ 200
1% Supplies $ 400
1% Promo Food $ 400
1% Comp Food $ 400
2.9% Credit Card Fee $ 1,160
.4% Coupons $ 160
.5% Food Waste $ 200

No one has any control over %. They are fixed and that is that. So if a store is lucky enough to earn $480,000 annual, the owner can expect to walk away with a profit of 9.4% = $45,120 [edit by Ryan Knoll: I believe this should be 7.15% = $34,320 based on the numbers provided]. No one is going get rich off of that. Of course if an owner can get cheaper rent, and increase sales, it will be of great benefit.

The average store seems to be about 1,500 – 1800 sq ft. and the going rate is $17.50 – $30.00 sq ft + $5.50 – $8.00 CAM.

That looks reasonable to me and should be considered by anyone buying an existing or new franchise. People often forget the expense of promos and coupons, credit card fees, insurance, and payroll expenses. The pretty picture the franchise sales rep paints for you often is the “best case” scenario.

Well, you might think, “That’s a 18% return on my investment of $250,000! I’ll take it!”. That’s not an accurate reflection of your actual return. Those results assume you are working at the franchise full-time and do not include your or your manager’s salary. So, if you think your year’s effort is fairly compensated at $45,000, then your real return on your investment is ZERO (actually it’s negative because you could be making 4-5% in bonds).

About Ryan Knoll

Attorney and advisor with an interest in franchising. Feel free to email me comments and questions on the "Contact Us" page.

371 comments

  1. Wow, that’s an awesome post. Thanks for the info!

  2. My pleasure! I don’t like seeing good hearted entrepreneurs get blindsided. It’d be worthwhile to enact a franchise law that forced franchisors to make available individual and consolidated financial results of all their franchisees including the bottom performing 20%.

    the Franchise Pundit

  3. BURNED NOT TOASTED

    Couldn’t have said it better myself. Be careful and get EVERYTHING your told in writing. EVERYTHING!

  4. Where is your franchise located? I would guess the rent expense would vary substantially between say NYC and Dallas for example. And also you have spoliage and food waste as separate expenses..aren’t they the same thing?

    Thanks.
    Ed

  5. Like Ed said, The rent in Texas would be about $2,800 less per month. The SBA loan ($2,000) can be eliminated within two years if you are disciplined. The credit card fee is inflated because you can get cheaper rates if you have a lot of transactions.The labor cost can be managed because you don’t need all employees to be present at all times.By my estimates, efficient management can save you rent-$2,800+ Loan repayment $2,000+labor$4,000 (in texas). You can easily maken about $120,000 more per year if you are efficient. Lets remember THIS IS A BUSINESS.

  6. Ed and Pro Quiznos:::

    The spoilage (food too old) and food waste (making bad sandwich, dropping food, ordering too much food, etc.) can rightfully be seperate categories of expenses.

    The credit card fee listed of 2.9% is not outrageous and is dependent upon credit, transaction volume, etc and doesn’t include renting equipment.

    As for employees, assuming you pay yourself $4,000/month, that leaves you $4,000 for other employment related costs. If you pay $9 + $1 payroll/other related expenses, that leave you 400 hours for the month. 400 for 30 days is 13.33 hours of help per day. So that is one person there with the owner. Of course, you can spend your $40,000 on another employee if you’d like to be gone.

    Paying off the SBA loan at a rate of 5% per month ($2,000) will take you about 55 months with interest (4.5 years).

    Under estimating the costs of running the business is fatal.  Remember this is asuming sales of $40,000 which is definitely on the high-end for this business.

  7. OWNING A FRANCHISE IS NOT A WISE INVESTMENT UNLESS YOU PLAN ON WORKING IN THE BUSINESS AND MARKEETING YOUR STORE ON A DAILY BASIS.I HAVE PENETRATED MY MARKET TO GRASP THE MARKET SHARE BEING A $13,000 A WEEK STORE.  SO AFTER TWO YEARS OF THIS, QUIZNOS HAS DECIDED TO PUT ANOTHER STORE ONE MILE FROM ME.QUIZNOS LLC IS VERY VERY GREEDY.  YOU WILL HAVE TO FIGHT AND BE INNOVATIVE TO MAKE A PROFIT.

  8. Everytime a Quiznos goes under, people at HQ smile. Why another franchise fee is imminent, they have milked one owner and now onto milking another owner.  Quiznos has got to be the worst investment. $13,000  a week, is a time 5 store in MN. The other stores barely do 7K.

  9. The guy or gal who said you can make $120,000 more per year is either an area director with Quiznos or some foolish person looking to get a response from people who read this board. I’ve opened up four Quiznos locations and there is absoultely no way an efficient operator could make any more than four or five thousand dollars above the level that the franchisee posted. Your fixed expenses prevent you from doing this. The only way to make $120.000 more is to not pay your rent, not pay your employees, not pay your utilities, and not pay your loan balance. By doing this, you could probably make a pretty good living. Also add in there to not pay your 4% advertising and 7% royalties.

  10. I am grateful to have read this posting, though naturally a bit disheartened. I had attended one of those informational sessions where the quiznos folks attempt to goad you into risking buckets of dough and left unimpressed. I’m intent upon starting something and the critics seem to concur that quiznos and it’s top competitor are the most sound choices for 2005 — but it seems that one has to open 4-6 of them to make a decent living. Has anyone had success with something else?

  11. #11 John

    I invite you to post your question in the forum http://franchisepundit.com/forum . People don’t normally come back and look for new comments on blog posts.

    Cheers.

  12. Even if the 2.9% fee for credit cards is accurate, not everyone is going to use their credit card for this type of transaction. Would it be illogical to say, half of those people would pay cash? If half the people did pay cash, that would bring back about $550 a month into the pot.

  13. #13 Joe:
    Yes, that’s fair to say. To be safe, I’d go with 2.9% on the whole $40K because you’ll always have charge backs each month for the entire cost of the bill.

  14. We just closed our store in Pittsburgh. My family all worked in our store 7 days a week to keep labor down with not one cent taken from our business in a full year. We were losing hundreds of dollars per day! No support, lack of respect for franchise owners!! If you are thinking about it, please don’t. You will loose your family, your life and your life savings!

  15. I think this is an invaluable resourse for all aspiring franchisees out here. Kudos to all who shared their (sometimes painful) truths. My question is this: I have consistantly seen labor figures around 20%, does this include a manager? To be more specific in my question, if I want to be a hands-off owner (investor if you will) does that mean that I effectively make almost nothing if I hire a manager?

  16. “To be more specific in my question, if I want to be a hands-off owner (investor if you will) does that mean that I effectively make almost nothing if I hire a manager?”

    In a word, yes-if you are lucky. Here is a great source of information if you’re thinking of opening a Quizno’s:

    http://www.toastedsubs.info/phpBB2/index.php

  17. Somewhere on east coast

    If you get the opportunity to open a Quiznos, PLEASE turn and run away as fast as you can. You will open (maybe) and if your one of the lucky ones, you may be making decent money. But just as certain as your sales are decent or above average, just know they will place a store in fairly close proximity. This will take away a fair chunk of your business. I began paying myself a little, then it grew. I then began taking a steady $500.00 a week. A new store opened up right down the highway where approx. 30% of my business came from. Since the opening of this store last summer, I have been unable to draw a paycheck. I am a single mom of three children and have resorted to living off my credit cards just so there may be enough to pay my Quiznos utilities. Corporate is horrible to deal with and never thinks of the franchisee. They are to busy figuring out how to inflate their prices even more so that they can suck the life out of us. I know a lot of owners…a lot….and there is not a single one of them that is making money. Oh yes, the new store that opened, they can’t make it either and it has already been sold after 6 months. Another thing that HQ does that is deceitful is that they make us figure our percentages on Net 2. So when I go to pay these food bills, I pay them with my net 3 (the actual money I rec.) not the net 2. If I have a daily amount of $100.00 in coupons that is $700 a week I do not have to pay bills. So why figure Percentages on Net 2. I don’t think I can pay my food bill with all of the ridiculous coupons they make us accept. Many buy one get one free after they promised us franchisees that they would not do that anymore. HQ are liars, cheats and deceptive criminals who don’t deserve to be in business.

  18. does anybody have at least a success story to tel? i am interested in buying one in an upscale area. business seems profitable from what i ve seen and
    i have talked to the owner, seen numbers. i would just like to hear from somebody else who has had a positive experience. thanks!

  19. Ann, Call Quizno’s they will be HAPPY to tell you that you are doing the right thing. How stupid are you? Did you not read the posts?

  20. Does anyone know how a Subway franchise would compair as far as profitablity goes?

  21. I agree with Ryan on this…Great breakdown and very realistic…good job!!

  22. HATS OFF!!!!!!! EXCELLENT WORK DONE THIS IS GREAT EYE OPENER .IT IS A
    FACT ANYWAHERE IN THE WORLD THE FRANCHISOR WALKS AWAY WITH THE CREAM
    AND FRANSHISEE IS LEFT AWAY TO LICK HIS WOUNDS.
    GOOD WORK DONE CONGRATULATIONS
    BUT NO NATIONAL DAILY WILL HIGHTLIGHT THESE FACTS?

  23. here is a story in clearwater florida a new store open in 09/2005 it was barely paying it,s bills $8k to $10k per week not even 6 months later a another store opened and now they are both at about 7k per week
    the new pastrami sub is great but the food and paper cost on a lage is about 42% at their recommeded price for tier A pricing

  24. #24 got a url hyperlink to the story or is this through personal knowledge?

  25. Hats off to post #18. If anyone wants to hear the truth…….that was it. They really do not care about us. The simple fact that all the percentages that they give you are on the acatual sale amount….not the amount you collected should tell you that there is something very wrong with corporate…..they are not telling the truth. I have had mo store about a year and they told me that they would not sell any other stores in my market……sad part is that they sold me the market after they sold it to someone else first. The are not in the food business anymore, they are in the business of selling locations. The poor woman that won the store is going broke before she is open. The model that the have only works with small stores and no couponing. You will invest over 200k and in a year not be able to sell it for 50k. Only 20% of the owners are profitable. If you are approached to buy a quiznos….run!

  26. Quiznos lied to me and screwed me royal. They told me what a great opportunity it would be to open a Quiznos in a CBD area (that’s Central Business District). So I poured $250,000 into a franchise agreement, lawyer’s fees, the store build out, equipment, etc. into the location they gave me. I opened in October, 2005 and am closing in July, 2006. AND I AM BANKRUPT! The store never came even close to the potential that Quiznos said it would, and I lost everything: the business, my home, and my lifetime savings! My credit score is ruined and I have little hope for any kind of financial recovery as I am over 50 years old. DO NOT buy a Quiznos franchise! If you do, you will lose all of your money. This scam is worse than the Nigerian EMAIL scams!

  27. Hi, thanks to all for the testimony above. To be honest, I’m not quite sure what to think of it since most of the comments left behind all seemed negative. Although, I did read the part where only 20% of quiznos franchise owners are successful.

    However, I will say this! I am very serious or should I say was very serious on buying an existing quiznos franchise in Pennsylvania (sorry cannot disclose locations). After scouting over a dozen stores within a 100 mile radius, I couldn’t help but notice that some stores were in immaculate condition but NO TRAFFIC (suburbs) at all. It looked like the employees inside were sleeping? I’m not sure how much was spent to build this business, but it sure does not look like they were recouping their costs. On the other hand, I was in a downtown location which was doing traffic out the door and halfway down the block from 11:00am/2:00am. I actually did a quick time study to see what the turn around time was in terms of traffic, it was phenomenal!!!!!!!! I also have all the financial statements at this particular store. This particular store is doing approximately (average $12K weekly). How did I come up with this average. I dropped the highest month and the lowest month of sales and took the average of 10 month’s. Not bad. What I didn’t see was many of the item’s listed in the very first breakdown of (burden costs i.e. cc fee’s, linens, FIXED COSTS of which some were hidden looking in hind sight.
    Also, I asked the franchise direct as to why they were selling the stores (especially after some of them were less than a 1 year old). This was the interesting part. Its funny that I seemed to get all different stories ranging from “family problems i.e. family shareholders” to I’m just getting out of all my franchise businesses. I got the feeling that I wasn’t getting the full story from the franchise sellers were looking to sell soon. Needless to say there were a lot of conflicting stories?
    Also what I found interesting was that these people preached about the limitless income, I was even told numbers like $140 to $160K. I have even seen financial statements which reflect this. However, I also found that no matter how busy some of the stores were, they could not keep up with the burden costs! Now myself coming from a Manufacturing/Production background can even tell that there is something wrong with this hole scheme.
    In conclusion, I hear what everyone is saying above. I would appreciate if someone with actual quiznos experience could leave a phone number where I can reach you. Before I spend a lot of money, I would like to hear from you in detail about the pitfalls and/or successes you may have had. thanks.

  28. I have a job that requires me to do a lot of traveling up and down the east coast, and i must agree that i think Quiznos sandwiches are very good. But the main complaint that i hear from other customers that i’ve met in all of the Quiznos is that the prices are just too high. I have even seen some people walk in, whisper “they’re too high here” and walk back out. It seems to me that Quiznos corporate is probably making excessive profit at their stores expense. I have also been to many towns where there are stores within a mile of each other also; come to think of it. I like their sandwiches, but i will admit i don’t see a long line of people waiting to buy a sandwich at many of them when i go there at lunch or dinner time. Good luck with one of their stores. If what i’ve seen is an indication of business viabilty, you’re going to need a lot of luck.

  29. There was a time when I really, really liked Quizno’s for a fast-food sub. Then Potbelly came along and, well, the rest is history.

    But I was feeling nostalgic today (and thrifty!) and decided to visit Quizno’s. Coupon in hand, I headed inside to get a nice, tasty sandwich. Visions of nice, bubbling cheese and charred bread floated in my head…

    and all of that vanished when I read the menu board.

    The average price of a regular sub was – no exaggeration here – $8.00. The cheapest was the veggie at $6, but anything above and beyond that was high. The regular sub is a little big, so I decided to get a small sub. Cheapest (veggie) was $4, and ran all the way up to $6.50.

    Large subs – which must be really big – were $9 and up. And up! For a sandwich!

    Quizno’s isn’t doing anything really unique here. They’re trying, somehow, to market their basic sandwich as some sort of premium food. But the “Let’s pay $8 for a sandwich” game is best left to Cosi, where they at least pretend better.

    I just can’t see any reason to spend $6.50 for a Quizno’s sandwich when I can get the same thing at Potbelly for $3.89.

    What’s worse is that the Quizno’s also pulled the “you must charge at least $5 in order to use a card” deal without posting said restriction anywhere. So for more than the cost of a sandwich, chips, and soda at Potbelly I got a sandwich and a cookie.

    Quizno’s, you stink.

  30. Holy crap!!!!!!!!!! I was doing some research to find some numbers on Subway’s. And I came across this board. One disgruntled owner reasonable. Two not too far out of the norm in terms of statistics. You can’t please everyone. But massive negative Quizno owner testimony one after another after another after another………!!!!!! WOW, if the morons at Quizno’s HQ were reading this you think it would be a wake up call. With the damning testimonies from owners here I don’t know how the hell HQ could EVER sell a franchise.

    I’ve been in the service/restaurant biz for over 18 years. So I totally feel for all of you that Quizno’s screwed. For any of you that still got out with the shirts on your back, open a Subway. #1 franchise year after year after year.

  31. ME – Subway is on par with Quiznos in regards to their disgruntled franchisees.

  32. This post is right on target. My parents just recently opened ad Quiznos and are in a world of trouble. They poured their life savings(over 250K) into it and have no return on it. In fact in the last couple months they had to add additional capital to the business just keep it running.
    Initially, Quiznos will sell you on the freedom of owning and operating your own business. They will tell you how they have a proven system and that they are there for you the whole way. That’s ALL BS. The reality is that once you open the store you’re on your own. Quiznos biggest concern at that point is royalties. It makes sense right. The owners struggle to keep the store going, however Quiznos still gets their 11% percent regardless. I would strongly advise you against getting involved with them.

  33. Totaly right I own 3 stores Joe Smo can open a deli store across from me and he’s only 1 store can still get product cheaper then what we spend on Quiznos product (same product)Quiznos has almost 5000 stores and moving to open 10’000 no kidding by the year 2010 with that much buying power they should be getting a huge rebate on the distributors and they do but they gouge us by selling at a higher price to franchise owners.I’am selling my 3 stores or trying might even give them away if I could.Don’t get into this racket it’s A scam

  34. STAY AWAY FROM QUIZNOS AT ANY PRICE!!! I own a store in the Chicago area and I can tell you that the majority of stores are losing money or barely breaking even. I bought an existing store and it has been going down hill to the point that I’m almost broke. I spoke with a guy that auctions the equipment of closed stores and he has done 17 in the last 3 months. Quiznos screws us in hundreds of ways. They get kickbacks from vendors they force us to use, they take our Pepsi rebates, mark up the food 20% or more, put out coupons that they don’t reimburse us for, create sandwiches with 40-45% food cost and that is just the tip of the iceberg. QUIZNOS IS THE BIGGEST SCAM OUT THERE. THEY GET RICH WHILE HARD WORKING PEOPLE LOSE EVERYTHING. ALSO, CHECK OUT http://WWW.TOASTEDSUBS.INFO FOR MORE INFO.

    This will be my only post here, thanks.

  35. I opened my first Quiznos about seven years ago. It was a pretty good company back then. Now it is run by a group of morons. There is no president of operations at this time. Same store sales are falling even though Quiznos sends out massive coupons over the internet and newspaper inserts. The business model of this company is to bleed you dry and force you to sell the store at a distressed price. Buyer number two comes along, they bleed him dry and the cycle continues.

  36. Well I was one who spent my fee to get in because I loved the food when I tried it. Now that I have spent the money I know enough to not to throw more in that direction. Is there a group out there (class action)who are working to get their franchise fee back?

    thank you

  37. I am looking for someone who has experience in closing a store. I bought a re-sell in May 2004. Store was doing great for at least a year. I was doing over $10,000 per week. Well, I had heard that they were putting another store up only about 2 – 2 1/2 miles away. I hurried and jumped on the opportunity to purchase that one. It was’t that I thought this was such a great business opportunity…I just knew that I would be the one to suffer becasue whether I acquired that location or not, they were going to put a store there. Well, now the new store is doing about $10,000/week and the old store is doing about $5,500 per week. Imagine how painful this would have been if I had not purchased that second location. Well, my rent at the first store is $6000/ month and my insurance is outrageous and our minimum wage is 6.40 per hour. Did I mention that I live in South Florida? Well I am possibly interested in closing the first store before any more damage can be done. Between both stores, I am barely breaking even and the stress is unbearable. I don’t even think we could sell that store at this point. Honestly, I don’t think we could give that store away. Well, anyway, I am looking to find out what the repercussions are for closing a store. What happens with corporate? Will anybody come after me? Will I be sued? I don’t have an SBA loan. I do, however, have a loan that is secured by a property of ours. I believe, however, that the second store could absorb that loan. Would they try to make me forfeit the second store? Any help would be appreciated.

    Thanks
    Dee

  38. Thanks for the various inputs. I’m a skeptic when it comes to boards like these, but the data is very important in making such a large time and monetary investment – so thank you. The store I was looking at purchasing has a new store that opened up 0.57 driving, and only 0.3 miles walking! **What in the world are they thinking?** The local rep said they were serving a different market, and the demographics of day workers justified having one 0.3 miles away!

    The current numbers of the other store look really good, but I was just about to do my own basic calcs on minimum sales needed to get by before I found this post – thank you for laying it out.

  39. This is good info but what I have also heard is that there is no way to think you will become rich on your first store
    and that in order to succed you have to own several stores.
    so in order to start a franchise you must have a good savings acount it is not good idea for someone who has some money
    and no experience in the industry to think of owning one ? if it looks to good to be thrue is probably not good at all.
    It would be interesting to hear an opinion from a succesfull quiznos owner.

  40. What about Subway? Are they the same as Quiznos. Can anyone post some info on Subway? THANKS

  41. Thanks a lot for the very helpful information, Here is how I see, you mentioned 45k is 18% return on the investment of $250,000, but that’s wrong, because we would not be investing 250K the maximum we will be investing is 40% so that will come to 100K (the remaining $ we will be from the bank loan) so if we make 45K per year and its 45% return on 100K investment. Not counting the equity built by making the back payments. Suggestions/Comments welcome, am I missing some thing?

  42. Lose The Chain Mentality

    FYI: 1ST London Ontario Quiznos to go under – Nov 2006 – Rich & Dundas St.
    Stay tuned, there will be a second, possibly 3rd.

  43. #43 Losing The Chain Mentality: Sold, closed or bankrupt?

    #42 Anonymous: Leverage isn’t free, and that money you borrowed costs money and could be invested somewhere else, but in this case it is invested in a business and is part of the overall return calculation.

  44. Hi All,
    I have a full time job and I am planning to buy a Quizno as a Investor. I will not be able to work full time in the store, I want to hire people to work during the morning hours and I am planning to work during the evening starting at 5 pm and also work over the weekend (Sat and Sunday). I will have to invest 40% of the cost of the store. Can some one tell me what should I look for? I talked to the present he wants to get out because of the personal reason. I store is 1 year old. The store is presently making around $7500 per week.

    How can I believe the sales numbers given by the present owner to me?

    It’s OK even if I am not making a lot of money in the starting, I am looking around 3 to 5 years and sell the store after 3 to 5 year. When most of the borrowed money is paid off. But as I will spending evenings and weekends I would still expect to take a small paycheck at least. ($1500 per month)

    Any suggestions would be appreciated.

  45. Lose The Chain Mentality

    RE: First Quiznos to close in London, Ontario Canada. Definitely closed, equipment/signage has been removed.
    As far as the individual looking to buy a Quiznos you could request Z readings from current owner to
    verify sales. Its the bottom line (net income) you might have difficulty in determining whether the
    numbers work. But here we go again another Quiznos franchisee wanting out in less than 2 years! To be a
    franchisee of any business is a very risky proposition given the gross inequities in your standard
    franchise agreement. Compounding that problem is the high food costs in the submarine
    sandwich business and the very competitive fast food environment.

  46. what is a Z readings?

  47. Lose The Chain Mentality

    Not sure what kind of cash register Quiznos uses, Im sure they are fairly standard for all. The Z reading refers to just the cash register tape reading which usually breaks down all the sales for the day, what was sold, how much, hourly sales, totals etc. This will guarantee you view the actual sales.

  48. Any success stories? I did not hear any single success story, s it because only people who burnt there fingers are here and the people making money are busy?

  49. anon #49 –
    I think there are no success stories because only large multi-unit owners have the leverage and margins to make an adequate return. And still, those who have been successful over a few years find the franchisor inserts new franchises near you and dilutes your earnings back to the mean.

  50. Can any one tell me, how much does it cost to open a new Quiznos, I am looking around Boston, MA.

  51. STAY AWAY FROM QUIZNOS AT ANY PRICE!!! I own a store in the Chicago area and I can tell you that the majority of stores are losing money or barely breaking even. I bought an existing store and it has been going down hill to the point that I’m almost broke. I spoke with a guy that auctions the equipment of closed stores and he has done 17 in the last 3 months. Quiznos screws us in hundreds of ways. They get kickbacks from vendors they force us to use, they take our Pepsi rebates, mark up the food 20% or more, put out coupons that they don’t reimburse us for, create sandwiches with 40-45% food cost and that is just the tip of the iceberg. QUIZNOS IS THE BIGGEST SCAM OUT THERE. THEY GET RICH WHILE HARD WORKING PEOPLE LOSE EVERYTHING. ALSO, CHECK OUT http://WWW.TOASTEDSUBS.INFO FOR MORE INFO.

  52. This is heartbreaking. If it is that terrible, isn’t there something franchise owners can do together to get their message across to corporate? Or is it that once you buy, you are done for and nolonger have a voice? I think franchise owners should have a union through which they can make their dissappointing situations known to corporate, and demand changes. Or is that impossible?

  53. Can any one please tell me, how much does it cost to open a new Quiznos (around 500-600 SFT location), I am looking around Boston, MA

  54. It will cost you your life savings, personal life and your sanity. Don’t you get it??? A Quiznos is a BAD INVESTMENT at any price even in Boston. Go take your money to Vegas and bet on black and you will have a better chance of making money. Or are you an idiot, because you keep on asking the same question when everyone is telling you to stay away.

    Franchise owners are doing something…suing Quiznos. Once you join Quiznos you are a slave to the franchise agreement you signed. They put everything in their favor and you end up screwed, because you have no rights. They make you do what they want and they don’t care if it loses you money. They get all their money up front and leave the franchisee with next to nothing. The franchisees do all the work and corporate makes all the money. I was naive when I got into this but boy have I learned the hard way.

    If anyone out there still wants to buy a Quiznos, then God Bless You, but don’t look back and say you were not warned.

  55. burned not toasted...YUP!

    The honest answer “Cash Wise” if a brand new build out, 1500 sq feet, aprox $250,000 bare minimum. to build out one store. Every area of the country is a bit different.

    If you decide to go forward please read the posts mentioned on the site above when doing your due dilligence. Make those phone calls, randomly, get as much information as you can, then proceed with caution. Good luck, you’ll need it!

  56. Comment by burned not toasted…YUP! – Thank you for your input. can be belive the sales numbers given by the existing store owners ? As I am looking at couple of Stores the sales numbers looks good. But not sure why the owner wants to sell the store, there is always a story every one who is trying to sell a Store.

    Can we buy a existing store if the price is right? As the existing owner wants to less for loss because of some reason?

  57. I totally understand the problems of owning a Quizino but…
    Can we buy a Store from a existing owner if the price is really low…almost 25% below market?

  58. #58
    Market is just what someone is willing to pay. After taking into account debt, time commitments/salary, return on invested capital, discount cash flow valuation, free cash flow, etc…you may determine what you’re willing to pay to be quite low.

  59. what is HORNE ACCOUNT? I might have spelled (HORNE) Wrong

  60. HORNE, LLP is an accounting firm new quiznos owners must use for the 1st year
    cost is $75.00 per week

  61. If you want to invest in Quiznos check your area very well before you invest. Do not let them pick a site for you,look at all the stores in the area at lunch time to see how busy they are. I picked my area not Quiznos, even though my Area Director wanted me to go elsewhere. I take approx. $7,000.00 a month out of the store as income. My sales average 12,000-14,000 a week, even after Quiznos opened up a store less than a mile from mine. The new store owner cannot pay his employees or his rent and is talking about getting a job to stay open. He also does illegal things like clocks his employees out and forces them to stay and work for free, which means that he is not paying correct state and fed taxes`for them.

  62. I just was reviewing the francise agreement luckily I have experience w/contracts and this is obviously one sided to the point of no return literally.Since reading all your comments It really helped me to go with my gut feeling which they really have great sandwiches but it seems like the only one’s eating is HQ and the customers, and the hard above average working person willing to take risks give all they got is just going to lose. Also to the person that commented about the 20% off successful locations,the main reason that people want to get a Franchise is looking for sommething that has proven success so your 20% is not looking to great.How many McDonalds do you heear about closing? Also to HQ after someone is willing to spend there life savings and put there property on the line these are people you should futher help develope and let them be apart of new openings in there area if they chose and also when you write an agreement without any exclusive what your telling them is once we get the ball rolling that your going to roll over us just for the possibility of you making more money.There is enough to go around best of luck to you all.

  63. Last Minute Decision

    Thanks to all of you for your comments. I have paid the $25K in franchise fees and have not opened a location yet. Instead, I have negotiated a purchase price for an existing location and am trying to decide if I should complete the deal. Based on everything I have read, it looks like a bad deal and I should be willing to walk away from my $25K and save myself from significant more losses. AM I MISSING SOMETHING??? Unless the store makes more than $10K a week, it seems unlikely that the store can make a profit. Is there anyone who can think of a reason to go through with it?

  64. You dont want anything todo with quiznos.Even if you have a store that does 10000 a week.You get run off your feet,you spend twice as much on your food orders and thats were they screw you most,you need extra staff that steal from you when you arent looking.
    If a store is doing well it wont be long before they put another closeby to take half your bis away.
    I have been lied to by the aholes at quiznos for 5yrs now.Just try to get a simple answer for anything.
    Ask were they are listed in the top 500 franchises now and ask what happened to the poeple that got FREE franchises on THE ELLEN SHOW last yr,bankrupt. I could write a book for all the crap myself and 1000s of QZZs have been through.

  65. I’ve been doing research on Subway stores in hopes of buying… So far this site has had the most information from actual sub shop owners that I’ve came close to. What I’m starting to realize is that If Quiznos or Subway is a great investment , current owners aren’t going to broadcast this to the world.. they’ll probably keep it to them selves or in this case make it out to be a terrible investment. If anyone wants real info call an existing owner and ask to see thier books and sit in on thier lunch rush.

  66. To comment #66. If you think Quiznos is being talked down because it is a a good buy then go to bizbuysell.com and take a look at how many of them are for sale compared to other franchises. The difference is staggering. 21 pages of listings for Quiznos vs 4 pages for Subway. Now do the math and figure out how many more Subways there are than Quiznos. If this, plus the mountain of negative press and lawsuits doesn’t open your eyes, then nothing will.

    By the way, I LOVE eating at Quiznos. The food is so great I don’t know how the owners make any money. Oh yeah, MANY DON’T!!!

  67. Pls help with info. I have been offered an opportunity to buy an existing franchise for $49K in an upscale vacation area but would require a geographical move for me leaving my husband and son behind until things are going well. I have not seen the books yet and have to put up earnest money before I am given the ability to see what’s what. But, what I do have shows a profit to owner of approx $60k a year after expenses. Is this smoke and mirrors or a possible reality. Also, if Quiznos is really treating owners so badly, what’s being done? One voice may not be heard but many voices can make a diffrence.

  68. #68/ How much earnest money? If a seller orally communicates particular financials and requires earnest money to be deposited with an escrow agent, one approach commonly used is to have the seller sign an Agreement that lists all the oral representations made and the seller warrants that the official financial records support the representations in the Agreement. The Agreement should also stipulate that any breach or misrepresentation changing the value over a certain amount will result in a full return of earnest money.

    Also, if someone in your position does proceed to buy an existing unit, you NEED to perform MUCH more due diligence with respect to the organizational documents, capitalization, other contracts, debts/liens and obligations, leases and covenants, taxation, pending law suits, employee matters, various asset issues, insurance, operational matters, etc. Also, look at the tax implications whether you buy it as a stock purchase, asset purchase, or merger with an LLC or company that you started to limit your personal liability.

    There are MANY issues. I’d highly recommend hiring an experience transaction attorney to help you through this! I’m an attorney and I may be able to help point you in the right direction (use the contact form to contact me).

  69. To Comment 68: A profit of 60k: Does the owner operate the place himself? If so, is he paying himself a salary? Quite often when buying a business, you are looking at “restated” earnings where the owners salary and discretionary spending have been added back in. Also make sure that family members are not working there off the books or way underpaid. Also, when you put up earnest money it should be held in escrow. You will have a period of time for Due Diligence, which means get a CPA and look at everything from sales receipts to tax returns to check registers to verify the info on the income statement. During Due Diligence you can walk away for any reason and get your money back from escrow. Most restaurants sell at a ratio of at least 2x profit so for this business to be going for 49k instead of 120k sounds suspicious to me. Why does a person spend 250k to open a store and then sell it for 49k if things are going great. Also, look closely at the existing lease. Is it about to run out? Does it have options to renew? As for your question about what is being done about the bad treatment of franchisees, just read any of the number of articles about the lawsuits that have been brought against them. Also, Quiznos has just recently brought in a new CEO to try to help fix things. I truly hope you find the business of your dreams and are happy and prosperous. I for one have looked deeply into the rabbits hole on Quiznos, and for now I wouldn’t touch them with a stick.

  70. thanks so much for your insight. I was really hoping this would work out but now I am afraid to take the plunge so to speak. I was told the pricing reflected the owner’s desire to get out because his working partner quit and he was left holding the bag. The lease runs until 2009 at $2400 a month. The earnest money is $5k and is refundable. I have 30 days to view the books and make a decision. The location is near Hilton Head Island in Bluffton. I however live in California and have to work this out long distance. A local honest attorney that could help I guess is what I need. the only family member working the place would be me.

  71. #68/71 So you will move from California to Bluffton for a single-unit Quiznos???? I hope you are not thinking that you can manage the Quiznos from CA.

  72. I want my franchise fee back from Quizno’s. I did not open a store. And feeling lucky after reading these posts.

    I was lied to about the srartup cost and many other things. I want out.

    How hard of a fight will it be to get m franchise fee back?

  73. I plan to retire to Hilton Head. Own property there already. Wanted a guaranteed income for the next 10+ years until 401K can be accessed. selling property in California worth 1+ mil but this is all we have. Our home equity of 800K and our 401K plus a few stocks. I have to be prudent so did not want to move entire family and sell home until I though franchise would work. Now, I’m being careful and maybe will back out.

  74. [quote comment=”3281″]I plan to retire to Hilton Head. Own property there already. Wanted a guaranteed income for the next 10+ years until 401K can be accessed. selling property in California worth 1+ mil but this is all we have. Our home equity of 800K and our 401K plus a few stocks. I have to be prudent so did not want to move entire family and sell home until I though franchise would work. Now, I’m being careful and maybe will back out.[/quote]

    My advice…back out and dont look back. Tow have closed in my area and nationwide, several are on verge. There are several other concepts to look at out there. Dont be in a hurry and ask several franchisees of any franchise before getting in it. Wish you the best.

  75. thanks for all the good advice. I am going to do something else, I think

  76. My husband and I have recently had the opportunity to purchase a Quiznos that has yet to be built, in a resort town. I am feeling really uneasy about it, after reading all the forums and news on the toasted website! We would probably have to put our home up for this business and I don’t want to be homeless! They assured us that another location would never be put in this town because of the size. They even offered to fly my husband out to headquarters to talk to the new CEO! Are things going to be better as promised, or should we run the other way!

  77. [quote comment=”3949″]My husband and I have recently had the opportunity to purchase a Quiznos that has yet to be built, in a resort town. I am feeling really uneasy about it, after reading all the forums and news on the toasted website! We would probably have to put our home up for this business and I don’t want to be homeless! They assured us that another location would never be put in this town because of the size. They even offered to fly my husband out to headquarters to talk to the new CEO! Are things going to be better as promised, or should we run the other way![/quote]

    Beth, the franchise agreement contains a merger clause which states this agreement is culmination of negotiations and represents final and only promises between the parties. Have your attorney write all “promises” the franchisor makes into the franchise agreement before you sign it. If the franchisor won’t agree to include those promises clearly in the franchise agreement, it is because they want the option or intend to not respect anything they told you. At this point, you have to listen to your attorney’s advice as he is an unemotional, unbiases party who has seen these things before. Even if you sincerely believe the person telling you the promise, think about this – he/she who made the promises may not be working for the company in three years. Remember, the only enforceable promises are in the franchise agreement.

  78. Beth, They promose to keep all the promises in writing that favor them. Promises that favor you…well those wont be in writing. Given the plight of the franchise, you may have to be willing to loose your f fee and save your house and sanity. You could try to sell your f fee at a reduced cost but would advise you check that out to see if/how it could be done.

  79. In response to anonymous- We havn”t paid any fee yet!

  80. [quote comment=”4024″]In response to anonymous- We havn”t paid any fee yet![/quote]
    You just kept $25k in your pocket plus the attorney fees saved , cost for mental health counseling and the prescription drugs for depression. Go out and celebrate !

  81. Very disgruntled

    Those numbers assume 28% food cost???? How about reality? In Canada, Quiznos skims 10 – 15% back directly from the Vendor, so food costs balloon to 35-36%. Only one out of ten franchises make any money at all.

  82. I went to the first Quizno’s “Discovery Day” in February at Quizno’s Headquarters in Denver. I did not leave with a good impression. The new CEO talked to us briefly and we toured the building. There was much discussion of menus, tastings in the test kitchen, videos about how great a small business it is and a visit to Quizno University. The headquarters folks successfully evaded every question on any specific financial information and repeatedly said we should contact other franchisees for specifics. We met with a local franchisee who admitted to getting additional money from training new owners and test marketing new products. We went to lunch at another franchisee’s location in downtown Denver. While we were there, he got a call for a $700 Saturday catering job and seemed extremely happy to get the work. He said catering was where he could actually make some money. I was told I’d have to come up with approximately $150k in cash up front since they limit the amount you can borrow, even if you qualify for more (The total in my area would be about $300k for a new location in a major metropolitan East Coast location). They say at first it’s only $70k but that’s got to be a best case scenario in a small town without union construction costs. They also put us up in a pretty second rate hotel which told me much about where they are. Something about the situation was just off-putting. Only one employee was upfront and finally told me I’d have to own multiple franchises in order to make a decent living. From what he told me, I inferred that I could expect to make maybe $50k a year. It’s just not worth it for that much money up front and that kind of investment in time.

  83. I have been looking for information on how much to pay for an existing quiznos. Has anyone
    else gone to this website?

    http://www.ISoldMyQuiznos.com.

    They have pricing reports for Quiznos in different areas of the USA. Has anyone seen one of these pricing reports.

    I am looking at buying a store that has sales over $600k/ yr, but i want to make sure I am getting a good price.

    Do you know of any other places you can get store pricing information?

  84. Risky to buy any Quizno’s right now. They may yet turn this ship around, but if they don’t succeed, this is a system that is going to wither and die. Also, remember that there is a liquidity issue. It is like owning the best house near the nuclear power plant: no matter how nice it is, there are only a limited number of people that are going to think of buying any Quiznos when you decide to exit.

  85. I’m not sure why you would want to buy a Quiznos, but irrespective of sales, you shouldn’t pay more than twice earnings for someting like this (Just for the record, the value of a franchise is not in the established brand identity – it is in the strength of the model and the leadership). Good luck, Dan

  86. [quote comment=”8797″]I have been looking for information on how much to pay for an existing quiznos. Has anyone
    else gone to this website?

    http://www.ISoldMyQuiznos.com.

    They have pricing reports for Quiznos in different areas of the USA. Has anyone seen one of these pricing reports.

    I am looking at buying a store that has sales over $600k/ yr, but i want to make sure I am getting a good price.

    Do you know of any other places you can get store pricing information?[/quote]

    Here is a good formula in buying a Quiznos… ask your accountant how much of a loss you need to show on next years taxes and that is a good number to start with. Buying a Q is good for a write off…not for income.

  87. Ryan,

    I feel so good..finding this post..just had an opportunity to get first store in my life..and this afternoon foud out this website…and feel lucky..that I got saved by you all.
    And also wanted to do some research on subway If someone knows any good info. just like Ryan will be highly appriciated.

    Thank you all.

  88. Feels safe…and lucky to find this website..special thanks to Ryan to start this post and save people out of this Q-scam. Also wanna try on Subway if someone knows any good info. or post like this..will be highly appriciated.

    Thanks to all

  89. Generally, you have to get a few Subway stores in order for that concept to make economic sense. Subway is not the most profitable franchise out there, but it is an excellent starter franchise since they give a lot of support and it is a much more “turn-key” operation than a lot of other franchises; many people have started out with owning a Subway and expanded or transitioned into other QSR concepts. But make sure you meet and are comfortable with the local Development Agent. Some are good, some are lousy, and that can make a huge difference in your likelihood of success.

  90. [quote comment=”9406″]Generally, you have to get a few Subway stores in order for that concept to make economic sense. Subway is not the most profitable franchise out there, but it is an excellent starter franchise since they give a lot of support and it is a much more “turn-key” operation than a lot of other franchises; many people have started out with owning a Subway and expanded or transitioned into other QSR concepts. But make sure you meet and are comfortable with the local Development Agent. Some are good, some are lousy, and that can make a huge difference in your likelihood of success.[/quote]

    What Paul writes is true. I am current frnchisee looking to sell my store . One than more store needed to make decent money. The franchise is having some problems as franchisor has become increasingly greedy and desiring more control over franchisees. Two suits pending against franchisor and a host of long term franchisees seeking to leave given climate of things. While you can make 8 to 12 percent profit off gross sales in many cases… the headaches are not worth it and more on the horizon. My suggestion…look elsewhere . Subway franchisees are headed for trouble. At minimum, talk with several current and former franchisees to get the full picture.

  91. Staci, Friend of Subway Owner

    My friends have been franchisees of Subways in the Madison, WI area, since 1996. Anonymous is right, Subway is and has been headed for trouble for at least 2 years now. Subway just started selling apples and raisns as a subitute for chips in the meal deals. The raisens are just one other thing that is loosing the franchisee money. Just be careful and talk to franchisees normally they work at the stores. PS my friends bigest problem is getting workers that work.

  92. I am so glad I found this website. I was interested in buying a Q’s, but after this info here, I will definitely look into something else. It is so hard for investors to find honest franchises because the corporations look at us as if we are made of money. Every penny I have my husband and I earned from sweat and tears on jobs and lived frugally to save in hopes of someday owning our own business. The people that read this website and still invest in Q’s get what they deserve. You would have to be a moron not to heed advice from current owners. Some people are just stupid and cannot see the writing on the wall. I guess someone has to be a patsy to keep corporations rich.

  93. I am a true loss for words. All I can say is “Thanks!” We were in negotiations to buy a “underperforming store, that is just about to breakthrough.” I was wondering why someone would sell for less than a third of what they have invested. Now I have my answer. I am going to put my running shoes on now…. Thanks Again!!!

  94. To assume the legal system will recognize your loss and, in the end, produce justice for you and your family is the height of foolishness.

  95. Fiscal Franchisor

    [quote comment=”12533″]To assume the legal system will recognize your loss and, in the end, produce justice for you and your family is the height of foolishness.[/quote]
    The legal system will only recognize a loss that is brought to their attention through smart litigation. If you can prove damages, the franchisor is likely to settle. If your claim is bogus or has not civil merit, of course the legal system won’t give relief.

  96. How come there are not any more messages? Does this mean that things have change? did the new CEO really turned the boat around? I personally thing are better now.

  97. Do any owners have opinions on whether the new CEO has made a difference? Would you buy a store if the price were right? There seems to be a lot of stores for sale out there with very low asking prices that are still not moving. What if you could buy one close to liquidation value?

  98. Yesterday I ran into a Quiznos franchisee that owns three stores, and is looking to acquire more, they opened their first one and then bought the other two. They are willing to purchase more Quiznos but will only consider opportunities where sales are $10,000 or more and the occupancy cost is no more than 10% of volume. They are willing to pay approximately 15 times the weekly gross, provided occupancy cost are less than 10% of gross.

    For example if a store is grossing $10,000 grand a week and the occupancy cost is less than $52,000.00 they would be consider buying the store for approximately $150,000.00 (significantly less than the $300,000+ it may have cost to build the store).

  99. From what I have seen, not many stores are grossing over $500,000. The perspective of your buyers makes sense. There are a lot of stores out there for sale and the asking prices seem out of line with what I would consider their value to be. Thanks for sharing your info.

  100. Nobody has any more thoughts on my idea of buying a Quiznos if the price was close to liquidation value. Well, my plan at this point is to move forward slowly and see what is out there for sale. I’m guessing there are owners in the Chicago area that would like to get out from under their store and their lease.

  101. Many people have asked.. INFO ABOUT SUBWAY FRANCHISES? They seem to be more popular than Quiznos and stay in business longer.

  102. I have been researching this quizno franchise and came accross this forum.
    This is very interesting and alot of useful info.
    I have a question and hoping someone can explain little more. Thanks.
    At this point, the sale price of a quizno restaurant is as low as 40K.
    If I were to purchase it (most likely not)today due to distress, but later say in a month,
    I decide that I want to close it and open use the quipment and open say a noodle restaurant… is this something I can do as the “owner”.
    Will they let me close and open something else? Why do I do that.. well because I like the location and I want to open a restaurant business and this place have a kitchen / customers ready to go.. Just curious. Thanks.

  103. What do you all think about discontinuing a Q franchise? I have a Q that grosses about $30k/month and nets about $40k/year with me working full time at it. Almost all of my customers are regulars from surrounding office buildings, so I’m getting nothing for my 11% franchise/advertising fee. I’m confident I can purchase substitute supplies for much less than Q offers. I think I could bring my profit up to 80k by just getting out of the franchise. Do any of you see any potential problems with this idea?

  104. 50k: I looked into the same angle you are talking about. The stumbling block is that Quizno’s probably holds the rights to the lease on the actual space. I like your thinking and am constantly scanning my area for distressed restaurants that are selling at a price below what an up-fit of an empty space would cost me. I have pretty much abandoned the franchise route and want to do my own “copycat with a twist” type of a concept that I fancy. Good luck in all your ventures.

  105. ANYONE looking to purchase a QUIZNO’s franchise needs to contact ME before doing so. I went through the entire process and would be pleased to share my experiences with you. Email me at: univguy1999@yahoo.com. Get the true story from those who have went through the process.

  106. owner in texas

    Fred, if you’re at the end of your 10 year agreement with quiznos, I would get out. You can buy similar products through another distributor and not worry about corporate getting thier cut in that also. I just sold my store 2 months ago so I’m well aware of the kickbacks Q corporate gets. If you can find similar bread, meats, cheeses and sauces, go for it. You can save on paper cost by using generic cups/napkins/etc and you could also choose Coke or Pepsi. Plus no more stupid inspections and corporate BS. You could TRULY be your own boss.

  107. As a previous Quiznos owner I can only say stay away from this company.
    I lost $130k on my sale and I consider myself lucky if that tells you anything.

  108. I was close enough to buy an existing store, after seeing all the numbers, greenbooks – Q stores hardly make any money. Beware that your seller will not tell you hidden costs such as:

    -Trash Removal Fee
    -Accounting Fee
    -Utilities
    -Equipment maintenance (The oven where they roast s’wich needs a part replaced almost every week)

    Last of all – the computer program that Q uses is bogus – you can put any number and it still shows you profit.

  109. I was lucky to get out of Quiznos in April. I was never so happy in my life to lose over 180,000 dollars. I have my freedom, and you can’t put a price tag on that. People are getting hurt with this company. People have to remember that they embody the company, not corporate. If a majority of the stores decided to close, Quiznos would be SCREWED.

    I think that there should be a revolt against this crap company. Their legal department would crumble if a whole state decided to team up and all decide that they would close. It sounds crazy, but its time that the operators get together and remind themselves that they comprise Quiznos, not the executives, not JP Morgan, but they do.

  110. Thanks for all the posts! I was considering buying a Q but after hearing all your comments, I have decided not to go throught with it. I am curious thought, the store is located in Fla. and claims to make 145k Adj. Net. with an absentee owner. Can this be right. Owner is asking 290k for the store. I called the store and spoke to the manager pretending to be a future franchisee in a different location and he told me that the store does @10k a week. He did confirm the owner is never there, but after reading all the blogs, it seems I can only make 3 to 4k/month if I’m lucky. What’s the deal!! Could this store really be making anywhere near 145k adj net? Thanks

  111. [quote comment=”41494″]Thanks for all the posts! I was considering buying a Q but after hearing all your comments, I have decided not to go throught with it. I am curious thought, the store is located in Fla. and claims to make 145k Adj. Net. with an absentee owner. Can this be right. Owner is asking 290k for the store. I called the store and spoke to the manager pretending to be a future franchisee in a different location and he told me that the store does @10k a week. He did confirm the owner is never there, but after reading all the blogs, it seems I can only make 3 to 4k/month if I’m lucky. What’s the deal!! Could this store really be making anywhere near 145k adj net? Thanks[/quote]

  112. It was queried:

    Could this store really be making anywhere near 145k adj net?

    My reply:

    Sure, why not? I am going to let you in on three secrets. The are so secret no one knows them becasue they are hidden in plain sight. Here they are:

    1) Just like in Real Estate, location. location. location
    2) The law of large numbers
    3) The economic cycle

    If you consider the above you can explain the success of most businesses. You can also explain the failure. What you have to do is determine if the numbers are valid is it because of the location? If it is location then you have to decide if the franchise is worth it to you. You might a lease available a block away that would yield similar numbers.

    What I can pretty much guarantee you is being a Quiznos had nothing to do with it. Captain Jake’s Sub Snacks would probably yield more in the same location.

    In closing most people do not understand statistics and often attribute success to factors that have nothing to do with the true reason for a success. In large part that is why CEOs are compensated so highly. People simply have lost touch with cause and effect in the economy.

    FuwaFuwaUsagi

  113. Does anyone know much about Matco franchises? Are they worth it? Any how much money could one expect to make?

  114. i am selling my quiznos 645k in sales this year…very happy with store great location in miami…anyone interested….

  115. Aaron Doesn't Rent

    [quote comment=”64255″]i am selling my quiznos 645k in sales this year…very happy with store great location in miami…anyone interested….[/quote]

    What has the store’s net income been over the past few years, and what have you paid yourself from the business over the past few years (is that already subtracted from the net income)?

  116. FIRST YEAR 450K…SECOND YEAR 480K…AND THIS YEAR WITH AL THE CHANGES 645K….

  117. my store is excellent and never had any problems with quiznos excellent location number 4 in sales in miami but i have another job and would like to have someone very interested in keeping this business

  118. Hi there,

    Can u tell me SUBWAY or Quizon;s good to buy? OR MR SUB in canada? waiting for reply ASAP

  119. Quiznos "Bad Idea for Franchisees"

    There are VERY FEW Quiznos owner’s making $. .

    How about this for details: I purchased the rights for 4 Franchises in UT. . I was able to open 3 however I would have rather just write them a check for $500k and left it at that. I LOST it all. . I am joining the law suit. (My accountant after I was able to use my own and found a good one says. . it is impossible to make $ on these your food cost is too high. . He knows what he is talking about he owns 2 other food franchises himself, His comment “Quiznos is just out for themselves. . Sell NOW, it will only get worse”. . .

    The only ones that have a chance to make any $ on these are the ones that have the stores almost given to them. . then they still regret selling their souls the Quiznos. I have heard that the new CEO is promising but I was too far under by the time he took over. . .

    Quiznos corp has aggressively squashed any free speech from websites “disparaging them” ie: TSFA (who is a trying to represent the Franchisee). .

    My suggestion is DO NOT OPEN a Quiznos. .It will just perpetuate their image. . YOU WILL CONTROL NOTHING you give them $25k for the right to pay them 11% of everything you earn or DON’T EARN. .with NO CONTROL over your own business. . better just go work for McDonalds. . at least at the end of the Week you get a pay check and possibly some benefits. You have ALL THE RISK the Franchisor has NONE but they have all the control. A LITTLE ONE SIDED (Sarcasm implied)

    Believe it or not it is comforting to know that I was not the root cause of the failure. . now lets see if I can get my life back on track. . .Thank God for a supportive wife

    Good Luck in your decision making

  120. I bought a Quiznos in June ’07 and had to close doors in Nov.’07. The corporate at Quiznos are the worst in the franchising business and offer no support at all. I had the area director with me during the first week of my opening and after that no one ever called or even returned my calls. The previous owner also lied about the numbers and along with Quiznos corporate scammed me into buying the store, assuring me that it will be very profitable.

    Luckily, I had a small down payment and the rest was owner financed, and since the sales were hardly $5000 a week, the purchase price was also quite low.

    For anyone who is thinking of owning a Quiznos, please, for your sake and for your family’s welfare, kindly do not even think about it as you will lose all your money.

  121. Starting to see the light

    I was presented with what sounded like an outstanding offer to buy a fairly new Quiznos at a great price (1/5 the cost of a new build out). The books looked good but more profit could be made if labor and food cost were better managed.Could this store be profitable or am I making a mistake?

    Thanks

  122. WOW! This is alot of negativity! I am seriously looking to buying a Subway franchise but all this sounds discouraging. I have been in the food industry for 16 years from dishwasher to store manager and always wanted my own franchise. The good thing about west texas is that rent is about $1800 a month verus 3-4k a month at another city. Should I still persue the Subway franchise?

  123. Cobra, how would you be financing your subway franchise?? IF you don’t have to take out a loan, chances are you’ll save a load of money on finance charges per year. As everyone else says, location location location! If you can take out a loan at a decent rate and you work at your franchise OVER-time, you should be ok! Expect to work 60=80 hours a week and plan on opening a second franchise a year or two after your first. YOu can make a decent living off of 2-3 subway franchises if you have the experience.

  124. hi,I am one of quiznos owner and I am telling truth about quiznos that if the owner is not working in the store,
    there is no way he is going to make money and more chance to lose money . There are simple things to look at it
    check subway owners 90% are not working at the store and same time check quiznos 90% are working at the
    store, just ask your self why ?,and think you will have the answer, not to buy quiznos ,will not allow any one to buy, or advice.

    this is only my advice its all upto different owner how he runs the business . you have your own choice to decide which
    good and which is bad investment.

  125. [quote comment=”4050″][quote comment=”4024″]In response to anonymous- We havn”t paid any fee yet![/quote]
    You just kept $25k in your pocket plus the attorney fees saved , cost for mental health counseling and the prescription drugs for depression. Go out and celebrate ![/quote]
    I can also agree with this. Although I never opened a Quiznos I opened another scam that was established by ,former Quiznos founders. I lost $300,000 in 9 months. It is not about a good product it is about whether the company is ethical. Do killer due diligence. I also is over 50 and lost my retirement. I can’t stand to even see a Quizno’s knowing the people who got wealthy on peoples life savings. People lost homes and sometimes their spouses. Read Bob Baber’s suicide note on the internet. He had several Quizno’s. By the way the buiness I bought we went under in 9 months. (123 fit) We had a good life style and now we have to sell everything we worked for. Consider yourself very lucky. A franchise is only the francisor’s empire. It is legally not your business. I believe they took Quizno’s UFOC and put 123 fit in there. Completely one sided UFOC. Go to 3000 Quizno’s lawsuits. BMM and stuy and get to know the mind of the Zor. Franchisor- Zor Franchisee- Zee. Winners with this business model is the Zor and franchise lawyers. Zees are left with the Zors telling them it is always the zee’s fault. Truth is it is scam. They never want you to succeed. By the way many other franchizors are using the Quizno’s model. If you have any money please please hold on to it. I don’t want you to hurt like we did. Only thing I can say is you have one thing going on your side. People would rather eat than excercise. Otherwise please stay away from anyone that is associated with Quiznos! Scaden is the original founder. He is very bad. He still owns half of Quiznos. You will get more information on Blue Mau Mau. Study learn and keep your money in your pocket not the Zors!!!

    • Barb,
      You just told my life story except I did own a Quiznos. Our life style has gone from a 10 to about a 2. hopefully about a another year or so things will be back to normal except for the 400k I lost.
      Hang in there!

  126. [quote comment=”107052″][quote comment=”4050″][quote comment=”4024″]In response to anonymous- We havn”t paid any fee yet![/quote]
    You just kept $25k in your pocket plus the attorney fees saved , cost for mental health counseling and the prescription drugs for depression. Go out and celebrate ![/quote]
    I can also agree with this. Although I never opened a Quiznos I opened another scam that was established by former Quiznos founders. I lost $300,000 in 9 months. It is not about a good product it is also about whether the company is ethical. Do killer due diligence. I’m also over 50 and lost my retirement. I can’t stand to even see a Quizno’s knowing the people who got wealthy on peoples life savings. People lost homes and sometimes their spouses. Read Bob Baber’s suicide note on the internet. He had several Quizno’s. By the way the buiness I bought went under in 9 months. (123 fit) We had a good life style and now we have to sell everything we worked for. Consider yourself very lucky. A franchise is only the francisor’s empire. It is legally not your business. I believe they took Quizno’s UFOC and put 123 fit in there. Completely one sided UFOC. Go to 3000 Quizno’s lawsuits. BMM and stuy and get to know the mind of the Zor. Franchisor- Zor Franchisee- Zee. Winners with this business model is the Zor and franchise lawyers. Zees are left with the Zors telling them it is always the zee’s fault. Truth is it is scam. They never want you to succeed. By the way many other franchizors are using the Quizno’s model. If you have any money please please hold on to it. I don’t want you to hurt like we did. Only thing I can say is you have one thing going on your side. People would rather eat than excercise. Otherwise please stay away from anyone that is associated with Quiznos! Scaden is the original founder. He is very bad. He still owns half of Quiznos. You will get more information on Blue Mau

    Mau. Study learn and keep your money in your pocket not the Zors!!![/quote]

  127. Elizabeth's story

    Found this on another site and thought that it would be helpful. I was blown away when I read it because it sounds like my own story as well as so many others I have heard. I could never write this eloquently so I thought I would share this woman’s story.

    Hello my name is Elizabeth,

    Prospective Quiznos buyers please read this carefully. I have always prided myself in the fact that I try to make good decisions. Yet, the decision of my husband and myself to purchase a Quizno’s restaurant is one decision that has been anything but positive. Please take your time reading my story because it may help you to avoid making a terrible mistake. I am hoping that by sharing my experience the information may save your family, finances, sanity and future.

    We transfered our Quiznos over 23 months ago. Our weekly labor ranges between 22% to 25% – the goal is 20%. Average food costs range between 30% to 33% the goal is 30%. Not only have we not made money, but we have lost over $45,000 in the last twelve months in addition to $34,000 during the first 11 months. Additionally, another Quiznos near my location is also showing similar dollar losses based upon information that the owner has shared. I realize that there are poor stores in the system. It is unrealistic to assume that every owner runs a great operation. However, our store has one of the highest customer approval ratings in the area. In addition, our location regularly appears on the top half of page two of the weekly blast fax. The blast fax is an intra-company sales reporting tool utilized by owners in order to compare their store statistics to a large grouping within a certain geographic region. It is of great concern that our business is making more than 2/3 of our geographic region and yet we are not even breaking even. One wonders how the stores that are producing less volume than ours manage to survive? The fact is that most do not for long. The owners eventually become disappointed with this company and are either forced to sell or walk away because they can not find a buyer. Despite working as an unpaid “volunteer” at our location for the past 22 months I have never sacrificed quality or service. We have never skimped on labor in order to squeeze more money out of the bottom line. Our store is meticulously clean and the employees are well trained. Yet, despite all of our efforts, we have lost a lot of money. Yes, we conduct local marketing weekly in addition to other strategies that the company suggests to increase revenue – but to no avail. There are a fortunate few that are doing well, however, this is a rare exception. I too have a friend that is profitable. Her location is in a busy commercial district with plenty of daytime professional traffic in addition to evening residents as well. She is one of the fortunate stores that appear regularly on the top of the first page of the blast fax. Yet, despite the fact that her store is one of the more frequented locations, she has remarked that because her business is one of the highest grossing stores in the region, she is frankly surprised that she is not making a greater profit. She, like I, works her business diligently both in front and behind the scenes. She is also one of the fortunate few.

    In our case, the fact that the company put not one – but three – new Quiznos extremely close to our existing store has been but one of several factors for our lack of profit. Even our customers remark that they are surprised that the company places stores in such close proximity. Our restaurant, once grossed between $9,000 to $11,000 average per week before we bought it. The addition of the other stores dramatically cut into our customer base. Currently, a $9,000 week is the rare exception. After paying over $320,000 for this store, we expected to at least net $70,000 per year. We would settle for breaking even at this point. We still have customers that make the extra trip to patronize our store because we offer the best service and most pleasant environment of the other Quiznos in the immediate vicinity. Yet, that is not enough to help our bottom line.

    We realized that we were not going to make money two months into our venture. We put our store on the market right away. Today, almost two years later, we have been forced due to financial constraints to give it away. Another owner has offered us $90,000 and we are finally getting out. He knows that he will make a profit because at $90,000 it is a positive net sum gain for him. A store can not even be constructed for $90,000. He has said that based upon our P&L and the price that he is paying, he will probably make about $30,000 – perhaps $35,000 per year at our location. The key to profitability according to our buyer, is owning several locations that can be purchased for very little and planning to make about $30 – $50K per location based upon the traffic flow of each individual store. The key is to pay as low as possible for a store in order to squeeze out a small profit from each location.

    One might ask why do so many franchisees fail to make a profit and so few do?
    The Answers are:

    1) The profitable stores are located in areas with significant traffic flow to offset the high costs associated with operating one of these stores.

    2) Non profitable stores (poor operations excluded) have been canabalized by our very own franchisor. It is apparent that none of the company’s decision makers understand the franchisor’s own required reading of “Behind the Golden Arches, The Ray Croc Story”. If they understood the symbiotic relationship that exists between corporate and its franchisees, then they would realize that the franchisee is the life blood of the company and it is not in anyone’s best interest to undermine the very people that make the system operate.

    3) A store’s location is not sufficient to produce the high traffic necessary to cover its numerous expenses.

    4) In regard to expenses, the franchisor has a monopoly upon most services, food and equipment necessary for us to operate. There are simply too many hands in the till for profit to filter down to the bottom line – the franchisee. There is something very wrong when a person can go to their local Restaurant Depot and find the same exact product made by the same manufacturer, same weight and ingredients but pay half the price of the same item sold by our required distributor. Many of my fellow owners have found this to be true regarding food and equipment time and time again. Other franchises that have a “franchisee consortium” responsible for monitoring and regulating costs of the goods and services utilized by franchisees have not only a higher satisfaction rate but are profitable as well. – (Source QSR magazine.) Of course there are always problems even in the best of systems, yet the bottom line is profitability. No one buys a business because they “like” the product. Investors purchase businesses in order to make money. In addition, there is no transparency within the company despite the fact that our franchisee’s pay extremely high royalties. Where there are royalties there should be total transparency. These restaurants are a long shot in the very best case. Yes, there are those who will sing the praises of the franchisor, but the extreme and vast majority will say that it is simply not worth the time or investment.

    5) The existing business model is fatally flawed and operates for the sole purpose of making money for corporate as well as their investors.

    6) Many of us have paid too much for our stores.

    7) The costs keep creeping back up from the reductions announced by last year’s new administration while the suggested retail prices have either fallen or remained the same.

    Our broker has decided not to sell any future Quiznos until the company changes its entire business model. Ours will be the last that he will handle until the tide truly turns.

    It has been predicted by the new administration that the future for Quiznos is “bright” and that eventually there will be more “positive” stories rather than negative ones such as ours. It is a known fact that there are at least 450 Quiznos for sale on a well known web based real estate site versus only 24 Subways. Why do you think that is the case? Stories just like ours have played out and are occurring every day. Of course, Subway has its share of difficulties as well, but one thing is undeniable, a Subway does not stay on the market very long before it sells, whereas it is almost impossible to sell a Quiznos – let alone give them away as lease assumption only. Someone must be making something worthwhile at our competitor’s stores otherwise they would not be in such high demand. It is widely viewed that the “happy” owners of the future will be the ones that are either the second or third generation franchisees. When those of us who have over paid and are not able to financially continue on at our Quizno’s “volunteer” jobs have either had enough and sold for pennies on the dollar or “gone dark” the next generation – the future “happy” ones – will take over what we have built with our blood, sweat, tears and cold hard cash.

    So yes, the company is accurate on one point: There will eventually be many more positive stories about which the company will boast. Those stories will come from the new owners who have purchased the deal of a lifetime and will ultimately profit from our failed investments. At the price that most of us are either walking away from or giving them away for in order to extricate ourselves from this financial nightmare called Quiznos, the next owners will actually be able to make a living from one of these stores. It is called “churning” and I firmly believe that this is an integral strategy to the corporation’s plan to make their restaurants a worthwhile investment in the future. It is simply a matter of time before we all cry “uncle” and corporate knows it.
    And yes, then the next generation will truly be “happy”. Please think carefully before you invest in ANY business. Perform due diligence, talk to other owners, read comments posted on the internet, read trade magazines – anything that will help you to make an informed and objective decision. I only wish that we had known about this web site as well as the many others that I have since found in our family’s nightmare odessy. Perhaps things would be different and life would actually be “normal”. This was a very costly lesson. Our lives, my children’s sense of security and future has been devastated by this experience. We are struggling just to survive at this point. I hope that you can learn from our mistake.

  128. Our prayers are with you

    I read your story and was completely blown away. I know that you are going trough hell now, but there are many people that will be helped as a result of your honesty. People such as myself will take a second, third and fourth look before we leap because of your profound words. Until this evening I was seriously considering buying a new Quiznos near my home. For some unknown reason I was drawn to the computer and began surfing about franchises etc. I typed in “Quizno’s owner comments” because I wanted to get some information from the owners themselves in order to make up my mind. I found your letter one this site as well as several other sites. I hope that you can take some sort of comfort in the knowledge that you are helping people to avoid a very costly lesson. Thank you and god bless.

    Jake

  129. Hello there…I just read Elizabeth’s story and comments for owners across the US and realize what a horrible company Quiznos is. We have sent our 25K to Quiznos years ago waiting to find the perfect location with no assistance from the area director. At this time we are contemplating joining a lawsuit for folks trying to get back their franchise fee so would appreciate anyone who could provide info on who to contact. If there is already an ongoing lawsuit, please post the contact information for the attorney’s office here.

    Thanks.

  130. The recent posts regarding Quiznos are indeed true. The business model is based on aq model where the franchisor eating up almost all of the profits in round about deals with vendors required to maintain and operate the stores–accounting services, pest control, towels and mats, etc. Some production costs may have been lowered a slight amount, but mostly on cheaper items such as paper goods. Meat, cheese, and other ingredient costs have not been materially lowered; and there is always the lingering question of whether Quiznos Corporate–involved in the sale of food through its own Company–is a factor. Recently the amount of meats on the sandwichs has been decreased to help with food costs. Think of all the meat you get on a Hardees sandwich for a lot cheaper price than Quiznos sub. A popular prime rib sub involve a very expensive meat which reduces the profit margin and thus only has a small amount of meat in comparison.

    The new emphasis on the inexpensive flatbread products may have brought a new customer breed into stores, but the cheaper products have also taken away from the sale of traditional products. The old line of “eat up” has now been changed in action to “eat down”. There now also is an emphasis on delivery as a way to increase sales, with the idea that online orderers are more likely to purchase add-ons. Unfortunately finding and hiring suitable drivers is not easy, and delivery puts huge risks on the owner in the way of liability for accidents, etc. The franchisor charges the franchisees fees for using its internet content and directs the owners to vendors for new paper and otherr supply products involved in delivery. Again the equation is shifted in the direction of Quiznos; the franshisee adds new work demands, added costs, and risk, and the franchisor gets a bigger piece of the pie in royalities and advertising assessments.

    For Quiznos as a brand to regain respect will require a major shift involving the treatment of the franchisee as a worthy commodity and not just a servant whose job is to feed the master.

  131. i LOVE quiznos Black Angus Steak. Made me want to own a Quiznos. But i didnt have to come on here to know its a bad business. The only 2 quiznos that were close to my house and business closed down. One was open for less than 2 years before it closed down. I think i was their only customer it was so sad everytime i went there it was empty. And i find alot of quiznos are always empty.

    I definitely want to own a franchise but quiznos is officially off my checklist even though they make my favorite sandwich that i could eat everyday and never get tired of.

    My advice to everyone is simple. RESEARCH! INVESTIGATE! If i’m going to invest tons of money (My parents money to be exact) then i will definitely do my research. My parents tell me that i should look into owning Apartment complexes (since they own about 200 units in over 7 different properties and make over 35K per month net profit). But i am also looking into franchising.
    Reading this has been very helpful though makes me realize that i need to do EVEN MORE INVESTIGATING! Thanks for the testimonies.

  132. Many lawyers I have talked to has made comments like, “Franchisees just whin. They don’t do anything about their problem.” I came up with an idea that may or may not work. It all depends on the franchisees. Also the public as they get more informed maybe they will help. One of the things franchisors depend on is the zee will go bankrupt so there will not be lawsuits.
    Maybe what we need to do is start what I call a non-profit organization with proceeds to use for burned zees. I checked into the cost to set up a non-profit organization and the cost is different state by state.
    It would take marketing, informing the public of the bad situation that many of the hard working people of our country have become victims of bad corporations. Making many homeless or poor. If you have any input on this please write your opinions so maybe we can start something to help the victims of the franchising world.

  133. I’M SORRY ABOUT THE QUIZNOS IN YOUR CITY THAT HAD ONLY ONE CUSTOMER. I DON’T KNOW WHERE YOU’RE LOCATED BUT PROBABLY IN A CITY OR A SMALL TOWN WHERE THE MEDIAM INCOME IS VERY LOW AND DRIVE CARS WITH DENTS OR WORSE, SCRATCHES. IN CALI THAT IS NOT A PROBLEM BECAUSE I DRIVE A MERCEDES BENZ AND OWN MANY QUIZNOS. THE PROBLEM IN CALI IS THAT THERE ARE TOO MANY QUIZNOS STORES OPEN. THEY SHOULD CLOSE DOWN A FEW OVERHERE SO I CAN UPGRADE TO LIVE IN BEVERLY HILLS WITH AND A NICE ROLLS ROYCE BECAUSE LIVING IN PACIFIC PALISADES IS TOO RISKY SINCE I SAW A GUY WITH A WORN OUT JEAN THE OTHER DAY.
    I HOPE YOU CAN LEARN SOMETHING FROM THIS. OWN A QUIZNOS ANYWHERE ELSE EXCEPT CALI AND BUY A MERCEDES BENZ OR IF YOU LIVE IN THAT TOWN WHERE THAT PERSON LIVES UPTHERE BUY A PICK UP TRUCK WITH DENTS OR FADED PAINT.

    ARMAHN ANDRE AYATARI

  134. [quote comment=”148170″]I’M SORRY ABOUT THE QUIZNOS IN YOUR CITY THAT HAD ONLY ONE CUSTOMER. I DON’T KNOW WHERE YOU’RE LOCATED BUT PROBABLY IN A CITY OR A SMALL TOWN WHERE THE MEDIAM INCOME IS VERY LOW AND DRIVE CARS WITH DENTS OR WORSE, SCRATCHES. IN CALI THAT IS NOT A PROBLEM BECAUSE I DRIVE A MERCEDES BENZ AND OWN MANY QUIZNOS. THE PROBLEM IN CALI IS THAT THERE ARE TOO MANY QUIZNOS STORES OPEN. THEY SHOULD CLOSE DOWN A FEW OVERHERE SO I CAN UPGRADE TO LIVE IN BEVERLY HILLS WITH AND A NICE ROLLS ROYCE BECAUSE LIVING IN PACIFIC PALISADES IS TOO RISKY SINCE I SAW A GUY WITH A WORN OUT JEAN THE OTHER DAY.
    I HOPE YOU CAN LEARN SOMETHING FROM THIS. OWN A QUIZNOS ANYWHERE ELSE EXCEPT CALI AND BUY A MERCEDES BENZ OR IF YOU LIVE IN THAT TOWN WHERE THAT PERSON LIVES UPTHERE BUY A PICK UP TRUCK WITH DENTS OR FADED PAINT.

    ARMAHN ANDRE AYATARI[/quote]
    How do we know you are telling us the truth. For all we know you might be from Quiznos corporate office. Remember the word in franchising is, verify, verify and verify.

  135. Ouch – Indeed it seems at times as though people are only allowed to see certain figures. There are questions to ask though, before investing in any concept. I really like the Top Ten list that made the rounds recently – questions to ask before buying a franchise or something to that effect – really straight, simple answers that might make some of the more “risky” venture stand out especially.

  136. We all cry with Elizabeth and all of the franchisees who buy franchises in good faith and then lose everthing they have. The nature of franchising as a business model is such that those Quiznos owners who are standing at breakeven or with profits are silenced and cannot give open moral support to their fellow franchisees who are failing or who have already failed because this would perhaps endanger their own investments, their own assets, upon which they make a living. If Quiznos doesn’t stand, their investment is threatened and they don’t stand. Those franchisees who have failed and who have the resources to address the courts are considered a threat to those standing and QUIZNOS reminds the standing franchisees that they can survive only so long as Quiznos survives in the marketplace and wins in the courts.

    Quiznos continues to sell new franchises and abets the sale in fire-sales of the assets of the failed franchisees to existing franchisees or new buyers and continues to survive and maintain and grow its gross sales. Quiznos is expanding internationally. Quiznos was kicked out of Australia, I believe!

    The game of “musical chairs” in which survivor franchisees are happy to have a chair is made possible because Quiznos, under law and regulation, can overseed and encroach on their own franchisees in their effort to compete with McDonald’s and Burger King and other fast food restaurants. They saturate territories to gain and retain market share and to grow their gross sales, even if it means that that many startup franchisees are destroyed and sacrificed in the competition and quest to grow market share and gross sales of the system.

    It is the ineffective regulation of the FTC that enables and emboldens franchisors who apparently are permitted to sell franchises to the public no matter what the risk of failure may be to the startup franchises who are tricked into signing malicious legal contracts that generally defeat them in the courts. The FTC has licenced “churning” and the sacrifice of franchisees to provide resources for the franchisors. LET THE BUYER BEWARE!

  137. DIf you are looking into buying a Quiznos franchise…… PLEASE do yourself the biggest favor of your life and run, AS FAST AS YOU CAN, in the opposite direction of these snakes. If ANYONE from Quiznos corp. is talking to you……Rest assured, THEY ARE LYING TO YOU. I owned 2 stores in PA and could have made more money being an hourly employee than owning 2 stores. NO JOKE. I had to physically threaten a Quiznos corporate employee before he/they would stop harassing us. We had about 275,000 into the second store and were willing to sell it for 10,000. We ended up just closing the doors, which by the way, was the BEST day we ever had with Quiznos. Simple elementary/middle school math will show you that it is a bad business model. There have been suicides of Quiznos owners in CA, TX, and PA. If that doesn’t tell you something, nothing will. Blood is on Quiznos hands. ROT IN HELL QUIZNOS CORP.!!!!!!!!

  138. Good job on the new commercials Quizno’s Corp. ($5.00 for a lg sandwich) Those have to be your franchise owners in the commercials eating the $5 bill, because that’s exactly what they have to literally do on a daily basis. Who was the complete business failure that thought up that assanine campaign???? I have NEVER seen so many morons in one company than at the corp. office @ Quizno’s in DENVER. Another GREAT job of making the franchisees lose more money every day because of YOUR lack of intelligence and business sense… Well, at least you get your precious money at their expense. Don’t forget…..ROT IN HELL QUIZNO’S CORP.!!!

  139. I was a Quiznos franchisee and I must say, if you earn $40K+ per year, you are damn lucky. Most Q franchisees don’t make that much. My store is in Southern California. We make somewhere between $0-$1000/month. Our monthly sale is $25,000-$32,000. The rent is a little bit high ($4,900/mo) because we locate in a shopping center with major retailers.

    But other Q franchisees in my area are even doing worse. Some of them loose money, one of them closed the store after two years of operation.

    I sold the store last year with $30K lost, but I never regret I did.

  140. quiznos for sale excellent location excellent sales…last year gross 645k…located in miami…moving asking $340.000…

  141. quiznos for sale excellent location excellent sales…last year gross 645k…located in miami…moving asking $340.000…

  142. IT WOULD tAKE a MIRACLE!

    It would take a miracle to turn this chain around!

    Daniel,
    Your price is dropping faster than mine did.

    It is going to take quiznos a while to get out of the mess they have with all the lawsuits they are in today. God bless all you FO’s that have had to struggle. Good days are ahead.

  143. i am happy with my store located in a very busy shopping center but i am moving this year i problably make close to $630k…anyone interested leave info i will call you danny

  144. "Master Leases" - cm

    “Master Leases” – cm

    >> “The franchisor probably holds the rights to the [Master] lease Lease) on the actual space.”

    Question;
    Like Blimpies, does Quiznos (QIP Holder LLC) hold the Master Lease (over the heads) of the Quiznos franchisees?

    I have some basic experience with leases and property owners/landlords. It amazes me that in any metropolitan market a property owner/landlord would sign a lease where the person paying the rent (the franchisee on a sublease) could go out of business, but the party who holds the [Master] lease (the franchisor) gets off scot-free?…How can this be?

    Also, I can not believe that Blimpies, Quiznos, Subway, corporation would bind themselves to paying rent of any failed location? How does this all work?

    Maybe I don’t understand, but under normal circumstances if a sublease party defaults, the Master Lease party still has to pay the lease rent obligation (to the property owner/landlord). If this holds true then Blimpies, Quiznos, Subway “Corp” franchisor would have a huge risk if the franchisee defaulted (on the rent).

    Simply, having the Master Lease, but *never* paying the rent seems like “having your cake and eat it too”? Why would any landlord agree to this?

    Thanks,

    Ref;
    http://www.blimpie.com/franchising/baq.php
    10. Who signs the lease?

  145. I think you would find that most franchisors write the contracts to include co-terminus default terms; i.e. a default on the lease or the franchise agreement results in termination or “abandonment” of the franchise by the franchisee. The lease and the franchise agreement are personally guaranteed with the collateral of the franchisee, and the franchisor generally has first security rights.

    The franchisors give themselves the OPTION to assume the lease and pay back rents if they want the unit, but I, too, don’t understand how Master Lease Franchisors can negotiate co-terminus terms with franchisees and with Landlords unless they guarantee the lease for the Landlord.

    The Landlord, of course, wants a tennant and perhaps the Landlord, like the tennant franchisee, thinks that default with a big brand franchisor who has a Master Lease is a remote possibility, and fails to protect his interests in the lease terms.

    Many franchisors intentionally don’t exercise their option under the contract to assume a lease and instead use third parties to squeeze both the Landlord in rent negotiations and the defaulting franchisee into a fire sale of the tangible assets in which the franchisor retains his presence and gross sales with no actual involvement in the transaction, other than the approval of the third party as a franchisee.

    Interesting story in Franchise Times last month, I believe, in which a Subway franchisee deployed to Afghanistan, who left his two units in the care of his brother and another franchisee, ended up losing both of his Subways because he was LATE with the rent and Subway took control of his units.

  146. I was almost sold on buying a franchise…actually thinking about 2-3 in the rapidly growing area i live in. It seemed like a fulfilling, fun and profitable investment of money and time. But after reading the seemingly endless negative comments posted here over the last 2-3 years, well, I think this would be a huge mistake. Glad I stumbled on this site. thanks to whomever is supporting and sponsoring it!

    I’ll continue investing in the market, and forgo the almost common thread of frustration and disappointment I’m seeing here. Even if only one out of three of these stories is legit….Wow-not good.

  147. Truth in Franchising

    [quote comment=”205935″]I was almost sold on buying a franchise…actually thinking about 2-3 in the rapidly growing area i live in. It seemed like a fulfilling, fun and profitable investment of money and time. But after reading the seemingly endless negative comments posted here over the last 2-3 years, well, I think this would be a huge mistake. Glad I stumbled on this site. thanks to whomever is supporting and sponsoring it!

    I’ll continue investing in the market, and forgo the almost common thread of frustration and disappointment I’m seeing here. Even if only one out of three of these stories is legit….Wow-not good.[/quote]

    WOW Mike MC – If Franchise Pundit forum is your primary source for information determining whether or not franchising generally is a good or bad idea you are right that YOU should not go into a franchise business in fact you probably should avoid all businesses since you are not willing to perform deep and focused due diligence and research of the over 3500 franchises available in the US.

    In other words you are lazy. For folks that seriously want to get into a franchise it is requisite that they invest both time and significant money on pre-sale investigation, which amounts to much more than an internet search of franchising.

    Good day!

    TIF

  148. TIF is miffed that readers of Franchise Pundit are turned off of franchising when they understand the nature of the “beast.” Franchising, in terms of single unit retail franchises, cannot be justified generally as an “investment” but rather a divestment of common sense and good judgment that is encouraged by government regulation of franchising and the hype of franchising as producing The American Dream, a business of your own, with little risk involved.

    TIF will never admit that franchising, as a business model, is just a relatively new way of growing retail chain businesses and gross sales quickly while the franchisor is avoiding the risk and the expense of building the physical units that will bear the brand name and produce the gross sales for the franchisor. As Paul Steinberg says in his excellent study, “Beguiling Heresy,” franchising should be looked at as the capture of cheap labor and cheap venture capital that is only a good deal for the franchisee when there are actually PROFITS for the franchisee as well as the franchisor. If there are actually PROFITS for franchisees, it would seem that the great majority of franchisors would disclose unit performance statistics. Yet, they don’t! What does that tell us?

    The “safe harbor” provided by the “package” of the FDD and the actual franchise agreement, the sacred contract, permits franchisors to capture the cheap labor and the capital of franchisees without disclosing “earnings” or any unit performance statistics to new buyers of franchises who consequently can, in actual practice, be stuck most of the time term of the contract at at “breakeven” or below if they can’t sell the business off to another franchisee. Their “slave” labor which is ensured under the long-term contract often produces profits for those on top of the pyramid of the system gross sales.

    Franchising is not a joint venture, a partnership, or even always the marriage of the same interests because franchisors CAN and DO stand and profit even as a substantial number of their startup franchisees fail as long as they can acquire the tangible and intangible assets of the failed franchisee one way or the other to maintain and grow gross sales of the systems.

    Franchise Pundit is an honorable investment advisor who doesn’t censor the opinions and posts of disenchanted franchisees who post on Franchise Pundit.

    Carol

  149. [quote comment=”207880″]TIF is miffed that readers of Franchise Pundit are turned off of franchising when they understand the nature of the “beast.”

    Franchising, in terms of single unit retail franchises, cannot be justified generally as an “investment” but rather a divestment of common sense and good judgment that is encouraged by government regulation of franchising and the hype of franchising as producing The American Dream, a business of your own, with little risk involved.

    TIF will never admit that franchising, as a business model, is just a relatively new way of growing retail chain businesses and gross sales quickly while the franchisor is avoiding the risk and the expense of building the physical units that will bear the brand name and produce the gross sales for the franchisor.

    As Paul Steinberg says in his excellent study, “Beguiling Heresy,” franchising should be looked at as the capture of cheap labor and cheap venture capital that is only a good deal for the franchisee when there are actually PROFITS for the franchisee as well as the franchisor.

    If there are actually PROFITS for franchisees, it would seem that the great majority of franchisors would disclose unit performance statistics.

    Yet, they don’t! What does that tell us?

    The “safe harbor” provided by the “package” of the FDD and the actual franchise agreement, the sacred contract, permits franchisors to capture the cheap labor and the capital of franchisees without disclosing “earnings” or any unit performance statistics to new buyers of franchises who consequently can, in actual practice,

    be stuck most of the time term of the contract at at “breakeven” or below if they can’t sell the business off to another franchisee.

    Their “slave” labor which is ensured under the long-term contract often produces profits for those on top of the pyramid of the system gross sales.

    Franchising is not a joint venture, a partnership, or even always the marriage of the same interests because franchisors CAN and DO stand and profit even as a substantial number of their startup franchisees fail as long as they can acquire the tangible and intangible assets of the failed franchisee one way or the other to maintain and grow gross sales of the systems.

    Franchise Pundit is an honorable investment advisor who doesn’t censor the opinions and posts of disenchanted franchisees who post on Franchise Pundit.

    Carol[/quote]
    Carol you must fight TIF with all your might! He is a capitalist trader and he must be stopped. We are with you!

    Chef

  150. Just bougth a Quiznos for $85K, making $25k after all expenses annually, (absentee owner). In business you take risk, and knowing when to buy is key. I would not build out a quiznos for $250k because there is just no way to recoup that investment. I sympathize with all the people that lost above, and hope you are able to get back on your feet. if you are going to make serious money with Quiznos you need to buy multiple units at prices similar to the above. You would not become a millionaire with 1 or 5 but as long as you know what you are in for, you will be okay.

  151. can anyone tell me who the vendor is that supplies the paper sheet and paper bag organizer thats black in color, made of plastic i quess that is used above the front cold prep area…or maybe a contact outside Quiznos that has inventory of store equipment after a closing in the New York, NJ area …thanks Bill please email me at wav1@hotmail.com

  152. The best day of my life was 1) My son being born 2) Marrying my beautiful wife 3) Selling my store. I will remember the day until I die….April 27, 2007. Unless you pay cash and buy 5+ units at a STEEEEEPLY discounted price…stay away. Don’t buy a job. If you want a job, go work for corporate America and let them assume all the risk.

  153. AMEN Tom!!!!! but I would have to disagree with you on one point…….I wouldn’t take 5 stores if they GAVE them to me…… You are EXACTLY right. If you buy into Quiznos, you are buying yourself a less than minimum wage job….. Just about all of my employees made more than I did and worked less hours than me…..and I owned 2 stores…… One of the best days of my life also, and we didn’t even sell the second store…..we just closed and locked the doors, and felt A LOT of weight instantly lifted off of our shoulders… Good Luck Tom. – and everyone don’t forget……………….. ROT IN HELL QUIZNOS Corp!!!!!!!!!!!

    • How can you end up making less than your employees, that doesn’t even make any sense. Definately poor management skills.

      • wow did you take grade school math? Do employees have to pay rent, utilities, food, loans, etc? Employees can easily make more then owners. They have a positive cash flow the second they start their shift. Owners on the other hand have to sell enough to break even before they even see a penny.

    • You have no clue Ive had 7 No 1 stores and increased sales 20% or more in over 10 yrs If run right you should bring in 75k to 100k for you pockets.Pay for cheap help you get low dollars

  154. This forum is a lot of help.

    What are the financial consequences, if I close doors? My quiznos is 1 year old, and it is eating my personal money.

    I know I need to pay rent until occupied, but how about Royalties and other stuff?

  155. This has been an incredibly enlightening thread. After reading it, I’ve pretty much made my mind up to not consider a Quiznos purchase opportunity that a broker presented me. However, before I do, I’d appreciate some comments on what I’ve been presented on tax returns.

    The store is grossing a bit over $10K/week.

    The COGs is right about exactly 30%

    The total rent is about $3,500/month

    The labor salaries are about $6k month. The store is presented as absentee run.

    The bottom line is, on the tax return, about $75k in annual compensation to officers and another $60k in gross income. Thus before any addbacks this store – again based on tax returns – is putting $135k + a year into the owners pocket based on sales of $550 or so.

    This seems like a very different story than what I’m reading, and I’d be grateful for any feedback as to why.

    • Owners dont want people to know the real facts.Phx store $5500 after FLPD’s owner still complaned,He idid nothing.Got rid of the pro ‘s help and now does 1200 after FLPD’s Remember they get dep and amort to recoup thier money

  156. Are you certain that you are getting the correct returns? People have been known to make up dummy returns.

    Compare the returns to the sales as reported to the franchisor. If your jurisdiction requires the collection of sales tax, compare the gross sales to those reported on the sales tax returns.

    Remember that many QSRs keep people off the books, or may pay partially on the books and partially in cash.

    The COGS is reasonable for a sandwich shop but is very low for a Quiznos. Most Quiznos run considerably higher COGS.

    A low number may reflect deliberate understatement, or buying from outside sources not reflected on the paperwork, or deviating downward from the zor-mandated formula, or high price-points… there can be a variety of reasons, but I would look and see the COGS of nearby Quiznos and if neighboring units are significantly higher that is indicative of possibly bogus paperwork being given to you.

    Finally, Quiznos itself has indicated in sworn testimony that 40% of its stores are not even breaking even. That number is likely conservative. And these are brutal people: when Bob Baber committed suicide and the TSFA posted his suicide note (a bit tacky, to be sure) the response of Frederick Cohen (outside counsel) was to send the TSFA members a letter saying they were all terminated.

    You may have run across one of the rare locations that makes money. But the system itself is a huge mess for many reasons, and that is a factor in evaluating purchasing any store in this system. Bear in mind that at some point you will want to sell, and your exit strategy should take into account an increasing reluctance of buyers to consider Quiznos due to the negative press. Perhaps that will change, but it remains a risk factor.

  157. Never, ever, ever buy a Quiznos franchise.
    If you already have one, put it up for sale now.
    If you get one for free, put it up for sale immediately.
    If you have already given them $25k for franchise fee, walk away from the deal and be happy.

  158. I own a Quiznos and would like to start plan B which is closing the doors. Has anyone went through a complete closure. I owe about 130K on a secured bank loan.

    What type of atterney should I be getting?

    Would anyone that has experience in provide some advice?

    Thanks

  159. Your loan is also likely personally guaranteed by you and/or your spouse. You may also have similar liabilities as guarantor for the real property lease.

    You should speak with someone familiar with real estate and contract matters, and preferably someone familiar with franchising. You may also be facing personal bankruptcy issues under your Guaranty, so if you think that you may need to pursue your bankruptcy options you should find someone experienced in that area. You may also wish to do some pre-bankruptcy planning (it is legal, but you need to speak with an attorney familiar with bankruptcy).

  160. Here in WA the close as fast as they open. Last year 3 of them near Tacoma just closed one day and never reopened. No sign on the door or anything. Even after a year one of them still is untouched. Has the chairs stacked on the table, napkins out, still has the quizons sign up, looks like they just abandoned it and walked away. Then recently one in Burien (near Sea-Tac airport) that they just built looked like it has closed as its no longer listed on the store directory.

  161. I used to own a store and if any has questions, email me at dallasbuckeye@sbcglobal.net. I’ll give an honest opinion.

  162. It will be helpful to also publish the city in which these quiznos are located. I am planning on buying one in NC and would like to know if there are such horror stories here

  163. [quote comment=”342078″]It will be helpful to also publish the city in which these quiznos are located. I am planning on buying one in NC and would like to know if there are such horror stories here[/quote]

    How can it be any clearer? Take it from this franchisee, the horror stores are everywhere. Quiznos is the problem, their business model makes it near impossible to turn a profit. Really dont do it…..how you can still consider it afer reading the original post is beyond me.

  164. Brutus…don’t do it. You’re buying a 7 day a week job. Too much headache. Take your money and invest in the market while stocks are low. I’ve never been so happy to lose money when I actually sold my store. Now the guy that bought it from me hates it. Listen to the current and previous owners and don’t do it. Quiznos controls too much of the process and allows you little freedom.

  165. Whoever has been reading these, and it is my first time here, don’t buy one of these dogs. I own one in Pa. and I originally wanted to own multiple units. I am a VERY experienced, successful multi unit retail manger, I have a competant trustworthy store manager and we have NO CHANCE of EVER making any money. Don’t let these guys fool you. There is NO possible way of making a good living with a Quiznos franchise. My FBL, or what ever he is called now, came to me and said he thought there was theft. My food costs were to high. I challenged him, Greg Brenneman and Dave Deno to come to my area, ride stores with me and talk to othe owners a I have. No response to that one. I go through shopping centers. If a Quiznos has 3 or 4 customers at lunch time they are lucky. I have a CBD store and lunch helps but it will never be enough.

    Save yourself your savings and health and don’t do this.

  166. Quiznos has long history

    Quizno’s has a long history of problems with franchisees. In fact one of the earliest franchise websites (possibly the first site) was Quiznossucks.com which Quizno’s ended up buying from the bankruptcy court when the franchisee who started the site went bankrupt. There has been a constant series of lawsuits, and while the majority of owners are not suing, they will tell you they are not making any money.

    Very, very few of these stores even break even. There are a number of reasons for that, but the short story is that if you are thinking of buying a Quiznos you should read some of the stories on this and other websites (such as BlueMauMau) and talk with people who know the history of this company.

    • I goback 10 years with Quiznos,If run well you can make a good profit,All so for is people who receives money from mommy and daddy,Restaurant work is WORK most owners dont know that meaning.

  167. Wanted to say thank you to everyone who posted here. My girlfriend and I were in negotiations to buy a Q. in a metro area. Owner had the financials and was showing a profit. We have decided to take your advice and run! Of course, he was not listing all the expense categories and requirements which you have disclosed.

    We are going to instead roll the dice and purchase a cafe for 25 cents on the dollar which is losing about 1000 per month and see if we can turn it around. Even if we fail, the investment won’t ruin us like the investment in a Q. would.

    Once again, thank you to everyone and we wish you the best!

  168. I wish I had done more research before I invested in Quizno’s. I really enjoyed the sandwich and felt I could be passionate about running the business. My mother died and left my two sisters and I some money. Since I have a track record of being fiscally responsible, my sisters turned over their share and trusted me to invest. Needless to say, I rolled the money into a Quizno’s. My life has been a living hell ever since. It’s going on 2 years, and all my family’s inheritance is gone and Im looking at closing down the store. Quizno’s business model is set up to scam the individual franchisee. In a moment of desperation, I lost my cool with HQ and the lady told me to F*** myself. I admit there were a few words I should not have said, but those fat cats on the other end couldnt care less if I folded. This experience has destroyed my dreams, my relationship with my sisters, my kids have had to go without for 2 years and Im left with nothing to show for it but a picture of me infront of the store at grand opening, which I am about to burn.

    F.U. Quizno’s!

  169. Hello all,
    I am looking into buying a Quiznos Franchise for around $35-$50,000 tops. I already have the deal on the table. The store grosses around $320,000 and nets approx $35,000. How good is this buy? Can someone please provide any suggestions.
    Appreciate all the help

  170. How do you know if someone from quiznos is lying? They are talking! This corporation caused me to lose everything and of course they blamed it on me as they always do. It is odd that every franchise owner in my area is losing money. We must just be a bunch of dumb lazy people. Strange how we were all so successful before quiznos came into our lives. I went from living on my 100 acres farm and having whatever I wanted to living in my old bedroom at my parents and having to endure calls all day from collectors from places I owe money to. I am trying my best to stay out of bankruptcy but I don’t know if I will be able to. Rick Shcadden or whatever your name is>>> You are a bastard and a criminal. You should be sitting in a prison cell for all the lives you have wrecked but at least I know that some day you will burn in hell. What I would give to turn back the clock and stay as far away from quiznos as possible.

  171. Well i opened my first store in 2003. I will tell you i had a great store, great location and was the sales leader in the midwest. I was doing $15,000 in sales and my first year was able to pay off my entire note. I got blinded by how much money i was making and bought 2 more franchise agreements.

    I will tell you i was very lucky and was probably one of a few people that made it out of the big Q with a profit.

    My first store, I had a couple offer me $325,000 for the store. They wanted a quiznos and didn’t want to wait. Believe it or not i didn’t sell it to them at first. I actually tried to negotiate more money. Luckily i came to my senses and sold it to them a few months later. Within a year their sales went down 50% ( fully because of Quiznos real deal b.s) I honestly believe that was the beginning of the end of the franchise.

    Those owners were suppose to buy my second store, but after they seen all the b.s. involved they pulled the plug. Luckily I had a guy call me the very next day and give me a $10,000 deposit and an offer to purchase for $215,000. I had owned the store for 2 months and was in for $185,000.

    My last store i bought on a bankruptcy. I bought the equipment for $50,000. Believe it or not i actually lost money on this store. The landlord had a bunch of hidden charges in the lease and it ended up costing me $5,000 a month to rent a small space in a shit hole gas station. I luckily sold the store for $80,000. Which ended up being a loss after all my costs to reopen.

    In the Midwest people have been able to pickup stores for under $10,000.

    My advise to anyone getting in is to get an existing store that did at least $8,000 a week in volume. Make sure your lease is low (under $2500 a month). Finally make sure you are buying in all cash. You cannot have a loan to make money with this system.

  172. Unfortunately this company seems to attract a large number of people that are novices when it comes to running a business, especially a food service business that normally has very thin profit margin to begin with. The restaurant/food service industry is a not a business to cut your teeth on and Quiznos appears to be an especially bad model that sets the franchisee up for failure to start.

    Be very suspcious of sellers that claim they are able to earn a sufficient return to even pay back their debt in very short periods of time. People need some finance and economics training to understand some basics. This blog has had some very usefull information…beside the bashing of the franchisor….when you collectively put together all the info about the various and typical costs, the business model does not provide a return to the owner to compensate for a salary, return on owner’s capital, and repayment payment of debt.

    When some of these bloggers say you need 3 to 5 stores to make money, they are ignoring a central requirement with the purchase of each additional store comes additional investment of $150,000 (for used) or $250,000 (new) of invested capital—yours or the banks—for each store. So if you actually make $25,000 to $35,000 net per store, your return is 10-12% for the whole group with a great deal of risk.

    In Washington State there appears to be a large turnover in ownership of Quiznos stores. Espically telling (and alarming for the original owners) is the steep discount in offering prices and actual sale prices from the original cost to build. It is not uncommon to see stores 1 to 3 years old selling for $50,000 to $75,000. At those prices, astute business people realize that these prices are not artifically low, but rather the true economic price necessary to attract buyers based on the actual operating returns and high financial risk.

  173. hi i would like to sell or transfer my quiznos in miami…2008 gross sales 561.000k…excellent location moving away from miami…owe to the bank 285.000k

  174. [quote comment=”380970″]Unfortunately this company seems to attract a large number of people that are novices when it comes to running a business, especially a food service business that normally has very thin profit margin to begin with. The restaurant/food service industry is a not a business to cut your teeth on and Quiznos appears to be an especially bad model that sets the franchisee up for failure to start.

    Be very suspcious of sellers that claim they are able to earn a sufficient return to even pay back their debt in very short periods of time. People need some finance and economics training to understand some basics. This blog has had some very usefull information…beside the bashing of the franchisor….when you collectively put together all the info about the various and typical costs, the business model does not provide a return to the owner to compensate for a salary, return on owner’s capital, and repayment payment of debt.

    When some of these bloggers say you need 3 to 5 stores to make money, they are ignoring a central requirement with the purchase of each additional store comes additional investment of $150,000 (for used) or $250,000 (new) of invested capital—yours or the banks—for each store. So if you actually make $25,000 to $35,000 net per store, your return is 10-12% for the whole group with a great deal of risk.

    In Washington State there appears to be a large turnover in ownership of Quiznos stores. Espically telling (and alarming for the original owners) is the steep discount in offering prices and actual sale prices from the original cost to build. It is not uncommon to see stores 1 to 3 years old selling for $50,000 to $75,000. At those prices, astute business people realize that these prices are not artifically low, but rather the true economic price necessary to attract buyers based on the actual operating returns and high financial risk.[/quote]

    I want to respond to this I am a very experienced business person. I run multi unit retail operations successfully and don’t want to hear about novices. This franchise is horrible and the franchisor treats franchisees like they are slaves. They don’t care as long as they get their money weekly. I have said before and I will say again. Unless someone gives you this franchise, and frankly even then, you won’t be able to make money. I know there are a few people out there who do but the vast majority don’t and a lot of them don’t even take home a paycheck. If anyone wants more info you can also email me at barmarmgmt@yahoo.com.

  175. I was reading through all of this and although I agree with most of this I know of some highly successful stores. I’m not sure if all the failures are in the states or on the east coast, but here in BC, the Greater Vancouver Area to be exact, They seem to be doing really well.

    I have family who own one Quiznos their sales are about 5k-7k per week the lease is about $26.sqft. The store was purchased for over 350K.
    Currently the store is paying the owner/manager $2400/month or about 28,000/Year. On top of that it is paying for other investments which are over $2500 per month. The store was not paid for in cash. Since owning the store the owner has increased profit by over $5000 per year based of the last owners books.

    There are two other owners in very similar situations. One of them used their quizno’s to pay for a new house and a new car. This owner also works there full time and nets over $80k/annually which includes about $30,000 in wages.
    The last owner nets over $100k he is located in an business district area near a high school school. Most of his business is larger orders and at lunch time the lineups are out the door consistently.

    I am not saying that they will be successes, I do not work for Quizno’s. I am in the process of doing research on whether or not to purchase one. There is a new one that opened just over a year ago and it was valued at about $300,000, they do minimum $7000 per week and the lease is low. I did a walk in offer ($350,000) to the owner just to see if he is interested and he flat out said no. Apparently it was his 3rd quizno’s in BC and he offered to sell me one of his other ones for $300,000. So I assumed that the other one was obviously not doing as well.

    I have also seen a few stores close down but without looking at what store it was, just by knowing the neighborhood I would not have opened anything like that there. They were all bound to fail.

    Being a business grad I thoroughly investigate EVERYTHING about any financial venture I make and would urge anyone interested in owning one to do a lot of research. One of the ones closing was listed at $250,000 then $199,000 then $159,000 and then it was closed down. Check the location drive around, check the competition. The biggest success areas around here are near town houses, apartments, as well as grocery stores or other big box stores. I have also checked the amount of traffic at different 1 hour periods for about 2 weeks now and all looks good, as I expected HUGE lunch rush relatively quite weekends and almost no sales from 7-9pm.
    Be aware of the stores reasons for success or failure. If its close to a high school expect to be relatively quite during summer and breaks, some stores I have researched have nearly a 50% drop off in sales. The owner actually showed me sales for September/October and since I had access to Quizno’s sales files when verified they were accurate at about $6,500/week but the numbers for July/August were about $3,000/week.
    The last thing I will say is account for all your expenses then add some, look at the worse case scenario and look at your expectations. If you aren’t being realistic you will fool your self. I see people go “WOW $400,000 sales in a year, Even 25% of that is A LOT”
    Do your research, it is a lot of money to invest, and do not try to be an “invester” only unless you have the cash to purchase multiple stores without any financing.
    Anyways, there are successful stores but the problem is out of the 6 VERY successful ones near me NO ONE wants to sell lol.

  176. Great comment.

    [quote comment=”451560″]I was reading through all of this and although I agree with most of this I know of some highly successful stores. I’m not sure if all the failures are in the states or on the east coast, but here in BC, the Greater Vancouver Area to be exact, They seem to be doing really well.

    I have family who own one Quiznos their sales are about 5k-7k per week the lease is about $26.sqft. The store was purchased for over 350K.
    Currently the store is paying the owner/manager $2400/month or about 28,000/Year. On top of that it is paying for other investments which are over $2500 per month. The store was not paid for in cash. Since owning the store the owner has increased profit by over $5000 per year based of the last owners books.

    There are two other owners in very similar situations. One of them used their quizno’s to pay for a new house and a new car. This owner also works there full time and nets over $80k/annually which includes about $30,000 in wages.
    The last owner nets over $100k he is located in an business district area near a high school school. Most of his business is larger orders and at lunch time the lineups are out the door consistently.

    I am not saying that they will be successes, I do not work for Quizno’s. I am in the process of doing research on whether or not to purchase one. There is a new one that opened just over a year ago and it was valued at about $300,000, they do minimum $7000 per week and the lease is low. I did a walk in offer ($350,000) to the owner just to see if he is interested and he flat out said no. Apparently it was his 3rd quizno’s in BC and he offered to sell me one of his other ones for $300,000. So I assumed that the other one was obviously not doing as well.

    I have also seen a few stores close down but without looking at what store it was, just by knowing the neighborhood I would not have opened anything like that there. They were all bound to fail.

    Being a business grad I thoroughly investigate EVERYTHING about any financial venture I make and would urge anyone interested in owning one to do a lot of research. One of the ones closing was listed at $250,000 then $199,000 then $159,000 and then it was closed down. Check the location drive around, check the competition. The biggest success areas around here are near town houses, apartments, as well as grocery stores or other big box stores. I have also checked the amount of traffic at different 1 hour periods for about 2 weeks now and all looks good, as I expected HUGE lunch rush relatively quite weekends and almost no sales from 7-9pm.
    Be aware of the stores reasons for success or failure. If its close to a high school expect to be relatively quite during summer and breaks, some stores I have researched have nearly a 50% drop off in sales. The owner actually showed me sales for September/October and since I had access to Quizno’s sales files when verified they were accurate at about $6,500/week but the numbers for July/August were about $3,000/week.
    The last thing I will say is account for all your expenses then add some, look at the worse case scenario and look at your expectations. If you aren’t being realistic you will fool your self. I see people go “WOW $400,000 sales in a year, Even 25% of that is A LOT”
    Do your research, it is a lot of money to invest, and do not try to be an “invester” only unless you have the cash to purchase multiple stores without any financing.
    Anyways, there are successful stores but the problem is out of the 6 VERY successful ones near me NO ONE wants to sell lol.[/quote]

  177. Anonymous
    on Mar 11th, 2009 at 4:10 pm

    ———————————————–

  178. Anonymous
    on Mar 12th, 2009 at 4:52 pm

    ———————
    Let’s try this again. It looks like you have done a lot of research but there are some factors beyond financials that you have to consider. I used to own a Quiznos and am also a business school graduate. I wanted to get out of the corporate grind and after watching my wife run two successful Curves for Women, I decided it was my turn at the franchise wheel. I did my research, which I will admit I did not do enough of, and decided to open a new store. My store too made money but not enough to support a family. My weekly sales were $8K-$10K depending on current marketing and promos. I was able to make $3000-$3500 mth after all expenses. The part beyond the numbers I did not factor in was the time to work the store and the loss of freedoms. You truly worked 7 days a week. When the alarm goes off at 2am, you get to meet the police at the store. When an employee calls in sick, you get to work. You have to remember your low wage employees are in it for a paycheck and not worried about how much money you make. I did have a couple of good employees I could count on but for the most part, the employees are in it for play money. About a year after my store was opened, Quiznos decided to put another store 2 miles from mine and sales went down. Quiznos is known for opening new store close to profitable ones to put more money in there pocket. There is no clause in the franchise agreement which states you a defined territory. The bottom line is Quiznos has there hands on several lines (kick backs from food suppliers, hardware suppliers, Source one…owned by Schadden) so they are going to make there money.

    I bought my store because I thought I could run a better store than most owners….an I did, but it still did not make much of a difference on the bottom line. If you look at most owners, you are going to see Asians, Arabs, and Middle Eastern people working the stores. Why?? Because they don’t mind working 7 days a week and pinching every dollar to get another penny. I went back to my corporate job I thought I hated and now all the risk is off my back and I feel much more secure. We have sold all businesses (Curves and Quiznos) and I have a lot more time to spend at home with my family. I have the option to work from home and would not trade that for the world. Watching my son grow up is amazing, an opportunity I would not have if I still owned the store. I sold my store and broke even and that was one of the happiest days of my life. Sure I’m not the boss now but the money is better in the corporate world and the benefits are the icing on the cake. If you have the cash to spend, I would think twice for BUYING A JOB when you can get on for free (though they are a little harder to find these days). You seem like a smart person whose skills could be utilized somewhere else besides a Quiznos. If you want to buy a food franchise, I would consider something else…..not sure which one, just not Quiznos. You remind me of myself and I wish I had more people telling me not to do it…..not that I would have listened. I thought I could change to industry!!!!!!

  179. i like to sell my quiznos in miami excellent location call 786 382 5285 daniel

  180. Daniel, You been trying to see your store since November 2007 on this site. You must not spend a lot of time reading the negative posts. 99.9% of the people on this site are not looking to buy a Q. If your store is so good and sales are great, why can’t you sell it? Are you asking too much?

  181. Daniel,

    This is a buyer’s market for Quiznos’s so you will have to get real with your price if you are going to get it sold. UNless someone comes in without research and falls for it.
    I try to help franchisees sell and offer tips on what to do to sell and get a better price.

    mrfranchiseman

  182. Wow! A ton of interesting comments and information on this blog.. I am in the market for a franchised sandwich shop and am seriously considering a Quiznos. The store I am looking into has been in operation for 8yrs with steady sales of around $580K – $600K. The owner shows a net with charge backs of around $100K. The asking price is $225K. Even with all the negativity I read on this page its hard to deny the numbers. I can get an SBA loan and can get into this store for around $35K out of pocket. The only problem is I live 250+miles from the store and would need to hire a manager est. $35k. My plan is to get down once a week to check up on things. Even with the cost of a manager and travel expenses my net would be around $50K. There have been huge cut backs at my current job and I need a safety net, is this a viable option? Please inform….

  183. [quote comment=”462092″]Wow! A ton of interesting comments and information on this blog.. I am in the market for a franchised sandwich shop and am seriously considering a Quiznos. The store I am looking into has been in operation for 8yrs with steady sales of around $580K – $600K. The owner shows a net with charge backs of around $100K. The asking price is $225K. Even with all the negativity I read on this page its hard to deny the numbers. I can get an SBA loan and can get into this store for around $35K out of pocket. The only problem is I live 250+miles from the store and would need to hire a manager est. $35k. My plan is to get down once a week to check up on things. Even with the cost of a manager and travel expenses my net would be around $50K. There have been huge cut backs at my current job and I need a safety net, is this a viable option? Please inform….[/quote]
    I have just closed a Quiznos. They said my store could do great sales volumes. The truth of the matter is that there is a very very slim profit margin. My store was in Canada on a street with 24000 cars a day bypassing my store. My store struggled from day 1. I also lost my second franchise fee as Quiznos would not give it back to me. They did not even call once to offer any assistance considering my life savings were invested into Quiznos. I honestly would never ever consider another Quiznos. They have basically drown me in debt with unnecessary debts. If you have any questions or if anyone has any questions feel free to email me and I will tell you of honest experiences that I have had with Quiznos. These are very recent. My email is rogerwaynee@hotmail.com

  184. yes tom i think i am asking to much for my store…but sales are good and there is a lot of potential…my problem is i am been relocated and i like someone to take care of the store…i would negociate if i like the price…daniel

  185. “In the Market” epitomizes why all the disclosure in the world won’t eliminate bad apples such as Quizno’s. All the bad press, all the litigation, even the admission by Schaden in the federal court proceedings that 40% of his franchisees can’t even break even (and that is likely a very conservative figure)…

    “In the Market” reminds me of Sean Kelly’s observation that “sometimes franchising is God’s way of telling someone they have too much money.”

    On the positive side, he is a boon to people stuck with one of these Quizno’s money pits and looking to bail out.

  186. [quote comment=”475858″]”In the Market” epitomizes why all the disclosure in the world won’t eliminate bad apples such as Quizno’s. All the bad press, all the litigation, even the admission by Schaden in the federal court proceedings that 40% of his franchisees can’t even break even (and that is likely a very conservative figure)…

    “In the Market” reminds me of Sean Kelly’s observation that “sometimes franchising is God’s way of telling someone they have too much money.”

    On the positive side, he is a boon to people stuck with one of these Quizno’s money pits and looking to bail out.[/quote]

    I spent over $300,000 to build one of these stores. It drained my lifes savings and Quiznos offered absolutely NO help whatsoever. They were very rude to me when I had called them. Their figures were not even close to what the store actually had in sales. I would really and truly not ever want to see it happen to anyone else. Trust me, my life took 25 steps backward and all of my hard work to pay for this store is truly all thrown away by a bunch of corporate scum at Quiznos. Like I said if anyone ever wants to hear real true life stories about Quiznos Scum and how they treat you feel free to email me at rogerwaynee@hotmail.com I will tell you real honest stories.

  187. I am amazed at how many folks are upset with or sueing Quizno’s. I’ve owned 5 franchises, and I believe it is truly hard to find a system that actually works hard for the investors investment. Most franchises are set up simply to make the founders rich on the backs of franchisees who they promise the world to, but make them sign documents which state that the only info the franchisee used to make the buy decision was in the FDD. What a joke!

  188. [quote comment=”209″]We just closed our store in Pittsburgh. My family all worked in our store 7 days a week to keep labor down with not one cent taken from our business in a full year. We were losing hundreds of dollars per day! No support, lack of respect for franchise owners!! If you are thinking about it, please don’t. You will loose your family, your life and your life savings![/quote]

    I am not a owner; but I have observed 3 stores in my town. I think they are all in a very similar situation.

  189. rogerwaynee@hotmail.com

    [quote comment=”482468″][quote comment=”209″]We just closed our store in Pittsburgh. My family all worked in our store 7 days a week to keep labor down with not one cent taken from our business in a full year. We were losing hundreds of dollars per day! No support, lack of respect for franchise owners!! If you are thinking about it, please don’t. You will loose your family, your life and your life savings![/quote]

    I am not a owner; but I have observed 3 stores in my town. I think they are all in a very similar situation.[/quote]

    You know i really really feel very sad that these scum at quiznos will suck people into really ruining their lives. I really wish that people would email me because if I can stop just one person from investing their hard earned money into quiznos and basically losing everything they had it would be worth it. Like I said i dealt with quiznos and they truly are scum of the earth. Please email me if you ever want to know anything. rogerwaynee@hotmail.com

  190. I [b]don’t[/b] think it is FAIR to say the Quiznos business model is flawed. It works just fine but it requires a higher level of sales than many franchisees are attracting!

  191. Note Left From Q's franchisee before he committed suicide

    Life goes on and we pass through
    Days of sunlight days of tears
    It’s the way life comes to you
    Foolish wasting precious years
    I am not a fool. My wife is not a fool
    I even refuse to call myself gullible. I am not a gullible. My wife is not a gullible

    We trusted in Quiznos. They promised us success, help and everything else to get us to buy into the
    “dream” they were selling. They had a private secret unannounced agenda! To trap you and screw you,
    the franchisee!
    We are not fools. But, we have been fooled
    We are like so many others who also bought into this dream and lost a substantial portion of their life’s
    savings.
    Countless individuals and families have been destroyed. Even some lives have been lost
    I have struggled hard and did the best I could to create a voice for the franchisees in the system and to
    create a “support system” for the franchisees, which does not exist, and to fight the injustices of this
    franchise system (Quiznos). Not to bring the system down, but only to make it fair.
    I hope my efforts will not go wasted. I hope the government will look into the systematic deceitful
    business practices of this franchisor. A serious investigation must be undertaken
    It’s been a tough battle
    I have been dragged through the legal system for over 18 months by the immensely superior financial
    might of the franchisor, which will continue to keep justice from coming to me, and to the hundreds
    and thousands of franchisees who are trapped similarly in the system and are slaving for this
    franchisor, and those who have bought into the franchise agreement, and not yet become store
    operators
    I have spent and sacrificed my time, money, family life. I thought of an option to leave the system
    quietly and fade away, but now I choose not to do that, and instead let the struggle go on
    My struggle will continue after my sacrifice.
    Some one must do something about what Quiznos is doing to the trapped franchisees. Everything they
    do is in their own self interest, with utter disregard for the interests of the franchisees, to who they sold
    the “dream” and put into business, only to screw them systematically from day one
    The press and the media must bring out the atrocities Quiznos is carrying on with.
    In this franchise system the Franchisor has all the rights and no duties or obligations, whereas it is just
    the opposite for the Franchisee, which is the franchisee has no rights, no remedies, only obligations
    I have not been able to think well, eat well, for the past one month
    My health has been going down very fast
    My mental capacity, to think, to work, and carry on my daily activities normally, is severely
    diminished
    I cannot survive like this much longer
    Quiznos has killed me. Destroyed my life. Destroyed my family life for the past seven years
    It has been a harrowing experience. We just could not get out of it. All doors were shut
    Can some one stop this?
    Can the government stop this Quiznos from destroying peoples lives? They have defrauded me and
    they are defrauding people. See my law suit (complaint) how they defrauded me from the very
    beginning, and then continued their systematic defrauding through out the period, until we left
    They retaliated against me for trying to create a voice for the franchisees in the system
    We were abused, we were manipulated, we were exploited,
    I deeply regret getting in to Quiznos. I wish I had never heard of them
    Can the media stop this?
    CNN we need your help. Nancy Grace, please help! Glora Alred? Who else?
    KTLA, LA Times, OC Register Please
    How can a common individual like me and those like me in similar circumstances, there are thousands,
    with limited resources get justice?
    I believe there will be justice. But it will be too late for me.
    There are a large and growing number of us who believe, unreservedly, that the handful of people who
    own and/or otherwise control the Quiznos Corporation should spend the rest of their lives in prison.
    The Quiznos Corporation is just one of the most egregious in what they do, but the entirety of
    franchising in America is open to this kind of abuse. The IFA (International Franchise Association) is
    the umbrella entity that, along with individual Franchisors, has enough money and power to buy the
    legislation that protects the Franchisor, and exploits the Franchisee. Fair and just legislation, that
    would level the playing field, never sees the light of day. Senators and Representatives, primarily
    Republicans, continue to sell hard working Americans down the river. STAY FAR, FAR AWAY
    FROM THE QUIZNOS CORPORATION. THEY ARE CRIMINAL IN WHAT THEY DO. And treat
    any Franchise System with deep suspicion
    Signed: Bob Baber

  192. great storie an opinions . I live in south florida, and I came across couple locations for sale at 50K a pop. plus additional transfer fee !!! as an owner opertor,is that a good invstment ?

  193. [quote comment=”537098″]great storie an opinions . I live in south florida, and I came across couple locations for sale at 50K a pop. plus additional transfer fee !!! as an owner opertor,is that a good invstment ?[/quote]

    Maybe. If the store has income before depreciation and amortization of more than $20,000 after paying you a fair salary, then it may be a good investment.

  194. If anyone is going to sell a store for $50,000 it really must be a terrible store. If it was making money you could demand more money for the store. Quiznos really and truly most often then not loses money on the franchisees behalf. Quiznos sucks

  195. I live in Rockford, IL where I used to go to a quiz franchise near my house. They went out of business in less than a year if that is any help to anyone.

    don

  196. Get a Jimmy John’s Franchise. It’s a better brand, and the office really cares about franchisees. Solid operations, and you are not limiting yourself profits because sandwiches are so fast. If you have an order for 50 party platter, no problem!

  197. another quiznos out of business in nova scotia. These guys are making a business out of going out of business. Like I said they are a rotten franchise. If you want to know how they do. Get a receipt and it is as follows. 1001 is 1 customer. 1006 is 6 customers per day. The other day I was in Halifax Nova Scotia and the receipt read 1049 at 1pm. that means he had 49 customers. He would most likely have about 100 to 110 customers per day. Multiply that by 7 to 8 dollars because of the bullet selling for $3 and the torpedo selling for $4. The store prob sells about 6 to 7 thousand a week. You would probably make about $15000 a yr providing your store is paid for.. Not worth 80 to 90 hrs a week. The franchisee was working the cash register. Name was Mr.Weber. Was not friendly at all. I cant blame him.

  198. I don’t get how you guys are selling at least 5-6k a week and not making any money. I own a Frozen Yogurt Shop. My biggest selling month was 12k FOR THE MONTH in July. I’ve had 1 month where I sold only 2k and some 4k in the dead of winter yet I am making a profit and no where near going out of business. If I sold even 3-4k a week for the year, I would be swimming in moolah; you guys make me wonder.

  199. the reason you dont make money with quiznos is because the corporation is very gready and there food prices is very high not allowing the franchaisee to survive …

  200. Same Old...Same Old

    Not even executives feel good about working at corporate Quiznos. Look at the revolving door that goes right to the top of this corrupt company, including changing the CEO FIVE times in just two years……Not a stable operation at all. Steve Schaffer booted out for Wonder Guru Greg Brennerman, who spent all his time battling lawsuits and class actions before he runs away to rebuild his reputation elsewhere. Then lowly Dave Demo is the next lamb offered up for slaughter..a mere few months later his charade is up. Now its come full circle, the original Con Man Rick Schaden is back at the helm…offering up his own damage control “” loves his hands on involvement” to any PR media that will listen to his Bull shit.
    All the while, he’s just buying time to find a new leader. A few months later Ricky must have been desperate to leave his own position, put all the while there isn’t any highly toted CEO in America that would take on this train wreck. So where does Ricky look next? Canada. And brings down Greg McDonald, the corrupt Canadian equilivent and Yes man of Ricky himself. How sad. More crooked leadership to look forward too. He’s the same guy in the middle of the Canadian Class action who said to the franchisees after loosing the last round in court…..we’ll just stretch this out for years…… Nice touch from the New Leadership. Think he’s got the franchisees interests at heart??? Same old Same old. This company will go bust eventually, but only after the top dogs have squeezed out every last penny out for themselves.

  201. A friend of mine owns a strip center ( in Florida) and currently there is a Quiznos in the center that closed 6 months ago.
    The traffic count is over 90000 on this road and there is a Blockbuster in the strip but not a very vibrating store.
    My friend claims that the store did $1800 daily and went down to $300.
    The owner is a Doctor and it is said that he did not manage it right due to time restrains.

    I believed the story until I found posts like yours.
    The landlord wants $15000 to turn in the key and all equipments are fully in place.
    The space is 2200 sf and the rent is $25 including cams.
    I called the rep and he said they want half of the franchise fees and I will have to send in an app before they talk any further.
    I am thinking to tell the rep that I am taking over the store to operate a sub shop under XYZ name. I will only consider Quiznoz if they cut me some slacks, for example on some of the fees for at least one year and no personal guarantee both for franchise and the lease. I also would want to get their guarantee not to open anything within certain distance. I think these points should not be negotiable on my part, although it is almost impossible to get them to agree.
    I would appreciate if anyone could give me some advice.
    Considering the low costs to start, what are my risks?
    Thanks

  202. Dude, if you’re not getting it by now, you’ve got bigger problems. Run away, R U N A W A Y from the evil doer Quiznos. Neither party (Quiznos / landlord) will cute you slack on the personal guarantee. That is how they hold you to the fire. And it will be a fire. It will be hell on earth. Quiznos to is parasite. They will latch on to whomever and suck you dry. When you are dead, they simply move on to the next victim and suck them dry (ie. take all your money). It is a evil, EVIL empire. There are no words in the English language to properly convey how evil the Quiznos organization operates their business model.

  203. my friend i own a quiznos in miami and i am telling you do not buy a quiznos franchise…they are very greedy and would not cut any deal with you…invest in something better than quiznos…i am hearing rumors of bankrupcy…we are all crossing our fingers good luck

  204. Hi, I’m thinking of doing a co-brand concept in NJ that includes a blimpie and potentially a water ice or ice cream (preferably Ben & Jerry’s). I know this is a Q website but the figures look very similar to the numbers posted above. My investment would be somewhere near 175K because I’m not buyign anything new and I’ve bargained the heck out of everything. My rent will be 40K / year (3333 / mos) and I’m thinking with the co-brand, my expenses would be divided and, thus, less than a single concept enterprise. I am still concerned with all the stuff you hear and read and so I wanted to get ppls thoughts.

  205. Chad

    Your numbers make no sense. You state your biggest month was $12k in sales but later state “If I sold even 3-4k a week for the year, I would be swimming in moolah; you guys make me wonder.” $3-$4K per week is well over $12k per month on the lower end. If your going to “brag” about rolling in moolah, provide some numbers or better yet, look for somewhere to post your BS. Comparing a sandwich shop to an ice shop is comparing apples to oranges.

  206. Hi I own a quiznos in california. I want to sell it cos I am going to grad school. very nice location. close to the 210 freeway. next to walmart. sale is about 4k a month. If you are efficient aad can manage full time, you can expect about 3k net profit per month. The asking price is only 35k. If you are interested in pls email me at youngkokonut@hotmail.com thanks

  207. [quote comment=”584997″]Chad

    Your numbers make no sense. You state your biggest month was $12k in sales but later state “If I sold even 3-4k a week for the year, I would be swimming in moolah; you guys make me wonder.” $3-$4K per week is well over $12k per month on the lower end. If your going to “brag” about rolling in moolah, provide some numbers or better yet, look for somewhere to post your BS. Comparing a sandwich shop to an ice shop is comparing apples to oranges.[/quote]

    Sure they make sense, as I stated my biggest month was 12k. After reading through these posts, It seems as though Quiznos owners sell 5,6,7k+ a week, yet are cannot make a dime.

    I’m not sure where my numbers do not make sense. Obviously if my biggest month is 12k and I stated IF, emphasis on IF I sold 3-4k a week which is less then half of most Quiznos, I’D be swimming in moolah. I am not saying I am making the big bucks but I am not close to losing my shirt. I just don’t get how you can sell 300k-400k+ a year and not make a dime while in my first year of business, I’m barely hitting 100k a year and still have cash flow.

  208. Chad

    Strictly looking at food costs selling yogurt is WAY more profitable than selling sandwiches. For example you sell 1 cone of yogurt for $2.00. Your food cost is what, 0.18cents? That leaves you $1.81 cents for everything else – paper, employees, utilities whatever. I own a Quiznos. We have a 2 for $5 promotion (2 items for $5). Already with this promotion there is heavy discounting and my food costs are 37% on average BEFORE the discount so I’m left with $3.15 right? WRONG because Quiznos has sent out coupons that say 50% of 2 for $5 special – so now what does that leave me with? 0.65cents. If you think it ends there you are WRONG!!! Then there are the people who come in with the Quiznos corporate coupon that says “Get a FREE 2 for $5.00”. FREE!!!!!!!!!!!!!!!!!!!!!!! Are you friggin kidding me???!!! Is Quiznos covering the FREE food we are giving away? NO And to top it off, they didn’t give me my food rebate this quarter!!! This doesn’t include all the other coupons that are out there. If I don’t take the coupon the customer leaves my store and tells all their friends that I suck. I have increase foot traffic but how many sandwiches do I have to sell to make the same profit as 1 yogurt. Oh yeah, and because I have increased foot traffic I have to have more employees so my labor goes up too. Who benefits from inreased food costs? QUIZNOS.

    I’ve had my store for 4years. I am in a decent location so I should be able to hold-on but Quiznos puts up all these obstacles. I don’t know how others are still able to make it who are not in better positions. I pray Quiznos goes bankrupt and I’m let out of my agreement.

    Has anyone been successful in getting out of their franchise agreement? (without selling or going bankrupt) If so please let me know who your lawyer is! I really want to stay in my location but have my own concept.

  209. BTW, Quiznos sucks so bad that their new tactic to get new franchisees is to get them to sign on for re-opens. They are vultures!!!!!!!!!!!!!!! Also, the franchise fee is now $12,500

  210. Chad,

    You must not be reading the posts from all the other owners. Again ice cream is not sandwiches. On an average week, I would do $8000. Food was running 30% and Labor was 18-20%. Paper cast was 3-5% and royalties were 11%. Discount percentage was 6%-10% Right there, 65%-70% of revenue is gone. Don’t forget about rent, electric, gas, accountant fees, advertising not covered by royalties pest control, and maint just to name a few cost. Not much left at the end of the day.

  211. i own a quiznos and really sucks…

  212. Stay Away from Quiznos at All Costs

    I am a classic entrepreneur, involved in numerous businesses throughout my life, some ventures have been better than others, many have been quite successful. I bought into two Quiznos stores 7 years ago and can honestly say they have turned out to be far and away the worst buiness mistakes of my entire life. I sold out this year after giving them away – and I mean giving them away – and was never happier to walk from
    $ 450,000.00 of lost investment. I’m fortunate enough to have other income to off set the Quiznos fiasco. I can’t believe how a good product can be bastardized so much by corrupt management practices, evident in the mountain of ongoing litigation and class action lawsuits. Irregardless of the decreasing up front franchise fees and start up costs ( a red flag by itself) any new buyer will still be subject to a on-going system of deception. Nobody who has the opportunity to read this blog should ever consider being enticed by Quiznos – at any price. Spend your time and money elsewhere.

  213. So your telling me after the 65-70% paid, your left with around 10k to pay rent, etc. So rent is 3k. You got 7k left for everything else. Not too shabby in my books.

    [quote comment=”588811″]Chad,

    You must not be reading the posts from all the other owners. Again ice cream is not sandwiches. On an average week, I would do $8000. Food was running 30% and Labor was 18-20%. Paper cast was 3-5% and royalties were 11%. Discount percentage was 6%-10% Right there, 65%-70% of revenue is gone. Don’t forget about rent, electric, gas, accountant fees, advertising not covered by royalties pest control, and maint just to name a few cost. Not much left at the end of the day.[/quote]

  214. Chad..

    OK, you have $7000 left to pay electric, gas, SBA payments, etc you would be left with $2000-$3000 per month or a 6%-9% return and I was a GOOD store. It sounds like you have it all figured out that you can make a ton of money and everyone else on this site is a jacka$$. There are a lot of jacka$$ owners out there but there are also a lot of good ones that have been taken. From your retorts, I assume you work for corporate and defend Q at all cost. You seem to be so convinced that owning a Q is a profitable venture. I was in your shoes several years ago. I bought one and learn more in those 2 years than I did my 4 years in college. I also learned corporate America isn’t such a bad gig. Why take all the risk for a lot less money. Go to your local Q and offer to buy their store. Owning a Q has driven many people to bankruptcy and one know owner to suicide. Buy a store or two, sink everything you have into it and tell us how good you are doing in a year. Until you have been through the process, don’t be such an arrogant cock$ucker and think you know more than any owner on this form.

    • I’m in the process of purchasing an existing Q. This store is making over a million in revenue per year. The adjusted net is 80K with an absentee owner. I think it all comes down to location. It’s located down town in a busy city. I’m certainly a little wary about Q because of all the negative press, but again, this store has been consistent in profits.

  215. I have been involved with a few burger franchises. I must be honest I know very little about Quiznos except I don’t like their sandwiches and I have heard they have had legal trouble because franchisees are having their territories infringed upon. I recently got into a fitness franchise called illuminate gym that I am very happy with. The business model may not produce as much gross capital but the bottom line is much larger than any food franchise I have ever seen. There are undoubtedly a few rare scenarios where people make a lot of money with a single location when dealing in food. However, the initial investment is always hard to catch up with. The other issue I had owning my own burger franchise was theft which isn’t really covered in the table above. When opening a business you always have to consider who will be representing and running your business. A lot of my food loss was due to people stealing from me. Today I own a business with a skilled and educated staff in the field they now work. It has been a breath of fresh air. If you want to check out illuminate gym you can see it at http://www.illuminategym.com/franchises.php. Thanks.

  216. Are Quiznos franchises usually profitable if you acquire the franchise at resale for basically nothing (less than $10,000)? I’ve heard people giving away Quiznos. If my cost basis is 0, are these still losers?

    • surving the Quiznos slaughter

      If someone paid you to take a Quiznos…RUN LIKE YOUR HAIR IS ON FIRE!!!! This company has calculated ways to steal your money since 2003, they are not a company that sells sandwiches…they are a company that sells franchises every last item that they REQUIRE you to buy to be in business at well above what you can acquire if for elsewhere…Musak…$40 a month ($20 direct from the company) fake Prime Rib for $4.39lb (actually neck meat that retails for $1.59lb) a POS system that you get to pay $3000 more than they normally sell for…every single thing they require you to buy is marked up and run through their fake companies masquerading as vendors. Every thing about Quiznos if FALSE. Most of their practices are illegal. I think it is only a matter of time before we see a bunch of these crooks that cooked the whole thing up…IN JAIL. Don’t take one under ANY circumstances!!!!! It is indentured servitude…NOT owning your own business!!!

      Quiznos closed 3,500 mom and pop stores last year and turned them over to people who they made special deals with to be multi site owners. They will take your money….run you out of business and then just resell your store to one of their minions.

      You would be wiser to do business with the MOB!

    • YES, YOU WILL LOSE EVEN IF IT IS GIVEN TO YOU, FOOD COSTS ARE INCREDIBLE

  217. So I have been mass emailed about franchise opportunities with Quizos starting at 12,500$.
    I thought, wow that is really low. What is the problem?
    They are calling it: “re-franchising”
    What does that mean and what happened to the current owners?
    Sounds like they have some serious, company- franchiser relations.

  218. Answer: the past owners went out of business, which should serve as a blaring red flag to you.
    Answer: there have been and continue to be a large number of lawsuits re franchisor/franchisee relations
    Why not purchase from a reputable franchisor? Do your homework.

  219. I’ve seen a lot of post saying, “Is buying a store for $xxxxx a good deal?” or many other questions about buying a location. If you’ve read through all the post, why would you want to buy. I paid about $250,000 to open my store. I got $50,000 from the landlord to finish out, $150,000 from an SBA loan and the rest from me. I sold my sold for $180,000 and considered myself lucky. I probably broke even once you consider the money I took out of the business but overall I worked for 2 years for free. If the current owner handed me the keys today for FREE, I would not take it. It’s not worth the time and hassle. The bad stores out weigh the good by 10 to 1, at least. Take a look at a lot of the owners and you wll see the only screening Q really does is the money test. If you got enough for the initial fee, you’re in. Most people who own store are disgruntled people from the Middle East or India who are cheap to begin with. Their idea of making money is to skim on products and hire cheap employees who have bad attitudes. It ruins the overall experience. I won’t go to my local stores because both of them are run by cheap foriegners who skim and have bad service.

    DON’T DO IT

    • no friend of the Q

      If you sold your store for $180,000 you are one of the few lucky ones left in the company. A friend of ours bought one a couple of years ago for $300,000, and paid Q Corp $10,000 to protect his territory. Last year Q Corp talked his landlord into locking him out of his own store. Another Q owner tried to buy the store from his bank for $80,000 so the guy would at least be able to walk away without a huge debt…The Q denied the buyer and sold his store to a multi site owner for $20,000 the guy who paid $300,000 got nothing out of the sale and lost his entire life savings…not that it matters, but that guy was physically handicapped as well….So the Q doesn’t care who they screw over.

      • new news. the multi site owner now closed this store and many of his other stores too!!! We are talking stores that earned 12,000 a week and more. What does this tell you? He got them for next to nothing and yet he has all 8 stores up for sale for even less. He just wants out of it all.

  220. Quiznos Owner for 4 years

    Those mailing you recieve in the mail for a Quiznos oppurtunity are bull$hit. Dont be stupid people. Please. Do your reserarch and stop listening to Quiznos corporate. Of course they want to sell you a franchise and make money and earn royalties every week, but do your own research and have a god damn brain. Stay away from Quiznos, no matter how dirt cheap they offer you a franchise.

  221. I am white and speak english. And corporate doesn’t care about any of us.
    The BS own your own business in 90 days with as little as 12,500 down.
    Is a rip off. They have put hundreds of owners out of business and into bk.
    They will take your 12,500 and in house finance 50,000 for the business.
    When it cossts them zero. They are stepping in and stealing the closed stores equipment for a penny on the dollar. If they change there ways of doing business the stores won’t have to close. But bad economy road construction and low cutomer base you have no choice. You will struggle to keep food costs at thirty percent because of the most complicated menu in all the qsr’s you have to purchase to many items at no profit. You can go to Restaurant Depot and save 50 percent on some items. But don’t get caught!
    These people will get theirs some day. A store closes near your home the owner is upset his friends and family and there friends and fanily all quit going to Quiznos to eat. It just gets worse and worse. Buy a Subway the number one franchise in the world. They must know how to run this franchise.

  222. am about to buy quiznos(reopen)advice

  223. Hopeless Quiznos Owner

    I have owned a store in Tx for 4 yrs, actually got online to place ad of store for sale. I now feel that that is pretty hopeless and will probably have to close soon. The last 4 yrs have been absolutely horrifying and I can not wait until the day I can walk away from it. My own area director had to close her store. Does anyone know if there is any new info on litigation against Quiznos?

  224. I have been happy with Quiznos for the most part

    I have owned 3 Quiznos Stores over the last 8-9 years and have actually been very happy with my investment. You really just have to make sure they are in the right location, as they say location, location, location is one of the keys to success in business. A lot of people go in thinking they can start a Quiznos store anywhere and everywhere and that just is not the case be cautious where your store is located, not in a small town and must be close to lots of offices, businesses, schools, sporting or entertainment facilities etc. These last few years have been rough for just about every business so everyone needs to just hang on with everything they have and those that do make it through will definitely be stronger in the end. I have eaten Quiznos for a long time and The Food is in my opinion VERY GOOD especially when weighed against Subway (crapway), Taco Bell, Arby’s, Burger King, McDonalds, etc. and you just get FULLER and feel better after eating QUIZNOS food. I do not work for the corporation or really care about the corporation themselves as a whole because I try to focus on my stores and my customers primarily. If you can buy a store cheaply (pay cash) and it is in a good location and good rent It can definitely be a good investment just hold onto it, build the sales a little and it’s reputation. Once this economy turns around you can sell it and make some pretty good profit while making a salary in the meantime (I usually work around 40 hours a week and always have and I do draw a salary). Good luck to all and I will continue to enjoy Quiznos subs, salads, sammies etc.

    • Definitely corporate…see”I do not work for corporate, blah, blah, blah…”

    • yes definitely a Corporate slave.. phuk quiznos.. they suck. I am a owner as well and i really advise all the ppl who’s thinkin about buyin a quiznos. DON’T!!!!! They are like the NORTH KOREA OF THE FRANCHISE BUSINESS!!!!!! Your store will not be owned by you even if you’ve bought it.. it will be owned by corporate. think of it as like you paid sh*t load of money to become corporate slave. They will alway be on time on taking the money from you… but never refund or credit back to you. All the corporate foos should watch your back.. once im done with this quiznos sh*t, dont see me in the street.

    • bet ya 10 bucks you work for Quiznos to write this

    • Wow, “…and you just get FULLER and feel better after eating QUIZNOS food” and the last line just gave it away…”Good luck to all and I will continue to enjoy Quiznos subs, salads…” Quiznos franchise is legalize robbing!!

  225. Any owners out there who are angry about corporate taking away (stealing) our food rebates?

    • I still didnt get my food credit for returning the soup last yr. Remember the time they sold us CONTEMINATED SOUP!!! and just simply send us email saying return all the soup cuz they are conteminated and will get credit back to you? and we have to take all the shit from the customers for their phuk ups…most importantely never give ur money back.. they only take it.. I swear.. they are like THE NORTH KOREA OF FRANCJISE INDUSTRY!!!! WE SHOULD SUE THEM FOR IT!!!

    • What rebate money? Havnt gotten any since we first opened!

  226. Another angry one

    I reported Quiznos headquater to BBB for their unethical business practices very recently. And for answe to how I want to settle the issue, I asked them to have Quiznos corporate investigated on royalties and I also wanted Quiznos to free my contract since I can’t trust their business practice. I believe this financial abuse by Quiznos must stop!! I don’t know if my request will get me anywhere but I think this will bring attention especially when Quiznos is under lawsuit settlement already. I suggest other owners to do the same so BBB will take this to deep consideration and help the helpless angry franchisees.

  227. How many of you people had any GM time put in anywhere? Any franchise with one store is going to earn you from 5-10% depending on HOW YOU RUN IT. If you have one store, you damn well better be an owner/operator, because that is the ONLY way to make money. If you want to get “rich” you need 2 or more stores. Now to the percentages, food costs should be in the 32-34% range, that includes paper/spoilage/mistakes, your labor should run in the 20-24% range, and that should include your GM salary. Rent and utilities should be around 10% each, at least that’s what you shold shoot for. The royalty is 7% and the advertising is 4%, that all equals to 89%, leaving you 11% profit…and here’s a news flash, in the quick service/fast food business that’s pretty damn good. I have spent 15 years running other people’s stores, and made my owners LOTS of money. It has taken a LOT of hard work. I have also seen lots of stupid owners. You can’t just hire people and put them in a place an expect to make money. You should have a mix of college kids for your day crew, maybe a couple of elderly for prep and non-essential business, and some high schoolers for your night crew. YOU NEED RESPONSIBLE PEOPLE. If you have the wrong people running/working your store…YOU WILL LOSE MONEY!! Food costs will go up from free food given out to friends or being taken home, money shortages, poor customer service, and poor service times. I have worked for people who thought because they were “studs” in their primary business, they thought it translated into the food business…guess what, IT DOESN’T. If you have no experience in fast food, you have no business running a franchise. You would be better off finding a person who has done it, make them a partner, and get 2-3 stores…you’d expect to pay someone in the 50-60 a year range to have 3 store run well and for you to make money. Oh and for you degree holding whiners out there…your 4 years of regurgatation are not equal to years of experience. You can’t learn HOW to make a business successful from a book. I’ll be honest I’m thinking of getting into a Quiznos (I’ve grown tired of building other’s wallets), I’m doing my due diligence and have come to the conclusion the only way it’s worth it, is if my store/s can do over 375000 in yearly gross sales…which means LOCATION LOCATION LOCATION.

    • Billy, you forgot utilities, professional fees (accounting), pest control, and advertising on your own to name a few. Have you seen an electric bill in a southern state during the summer with an oven on for 10 straight hours? You’re a pretty arrogant pr*ick to think you have all the answers when you just run the store. You have no dog in the hunt so your opinions don’t mean sh*it on this board. Buy the store and before long you’ll be on the other side of the tracks. I thought I could change the business and ignored sites like this. Jump in…..misery loves company!!!!!!!

      • Ex owner,

        Billy DID mention utilities AND advertising. Pest control? You should be doing your own bookkeeping, and accounting comes in only at the end of every important period. You can minimize the cost of this by having a well-organized store and all documentation and financials to back it up.

        There are different types of franchisees out there and the success differentiation shows who they are. I bet Billy would run circles around your pathetic little store and highlight the arrogance of your OWN excuses.

        Good luck Mr. Perpetual Victim

        • I HAD to use the accountants recommended by Q….didn’t have a choice. Pest Control was to keep bugs and rodents out of the store. I sold my “little store” for what I bought it for which not many owners can say. There are a couple of good stores but the stores going under or the stores that barely make it far outweigh the good stores. I made money and my store was in the top 10 for sales in my region up until the time I sold it. Without knowing me or Billy, you sound like the idiot. Until you own a store and you’re playing with your own money, don’t pass judgement on those who are playing with their chips, not other peoples.

  228. bill you make me laught

  229. I have been self employed my whole working life, and my wife is a registered nurse. My wife and I have owned a Quiznos for about a year now. When we opened we were doing about $17,500.00 in sales a week. Our labor costs were at between 9 and 14 %. We negotiated our lease ourselves, and are located less than a quarter mile south of I-10. Since opening, we’ve seen our sales decrease by about half. This is mainly due to other restaurants opening (Chineese Buffet, Otters Chicken, Sonic…). Our labor has risen to an average of 23%. If things remain “slow” we will break the $600,000.00 sales mark for the year. Our business loan is 95% secured by CD’s, and we pay our minimum monthly payment twice a month ($1674.00 twice =ing $3348.00). The interest we recieve from our CDs goes toward our note. Our investment will be paid in full in about 3 1/2 more years. I do not pay myself much (about $1500.00 a month), as I look at this as a long term investment. Once our note is paid out, I will pay myself the 40k I pay the bank, and invest about half of the 1.5k/month in another employee (high school/ college kid). The other half of the 1.5k/mo, I will save for “other costs” like maint & repairs, and the increase I will incur in my lease expense. The point is this—– Quiznos franchises do work, and most in my area are profitable. However, NO ONE can open a new Quiznos on a shoe string budget, PERIOD!!! If you really do your homework, run the numbers at worst case scenario, and can only break even this is not the business for you. No one gets into business hoping to break even. If you’re 100% financed it’s extremely hard to turn a profit. Evry restaurant that opens is your competition. Thank you, good luck on whatever you decide

    • Great comment. Do you work in the business full time? If so, how many hours per week? If not, how did you find a trusting manager when you aren’t there?

  230. Most stores are in financial duress. Even if QCorp gave us the store for free (no loan to pay), we would be losing money each month. We are three franchisees that are trying to build a network of Q Franchisees to share ideas about reducing costs and increasing sales… and other business practices. With a united front, we can influence our destiny. We don’t want to be added to the list of 1000’s going out of business. Check us out at http://www.qfalliance.com.

    Fellow Franchisees

  231. That’s funny

  232. Q. R GREAT….

  233. now hopeless owner

    I was strongly thinking of reopening a quizno in my town. Yes it was a closed shop, but it has been closed for 3 years and the writing was on the wall when it opened. The owners were lost from the start and quit both of their full time jobs to make it rich with quiznos. Now after reading all the comments I’m ready to run! Reopening cost are nothing compare to starting from scratch, but with a corp. group like that I may change my mind.

    Help before I drop any cash! Any suggestions on a great franchise?

    • Yogurt sounds pretty good…. or you can hit up “Quiznos for sale” who posted earlier that he’s making a 75% profit with his franchise. If you need a good location, I have some waterfront property in Florida if you’re interested. :p

  234. I keep reading all this negative info, But also see that no one said the food is bad. everyone likes the food. I am i South Florida, and I am interested in buying a quizno’s. will be operated by me full time. at today’s prices ( under 50K for a location ), and reported sales of aprox. 250k a year with rental in the neighborhood of 3K per month, is it possible to earn a descent living ? I can buy up to 2 locations at this price, but than, I will need a GM. I would like an input based on today’s market condition , pricing of location, pricing of product, and general market acceptability of the brand. is the brand suffers any consumer rejection ?? something that no one here has mentioned. scenario is pretty simple, like most past and current owners, I am trying to buy my family a job, so if I can invest 50K and work hard and get a 40K a year or better in income, it is not a bad proposition ? Feel free to let me know your thoughts.

  235. David, at $250K year, you are losing money! It takes at least 7 or 8000/week to just break even! The food and labor alone are almost 50% of your profits. Add in rent, loans, utilities, sales tax, marketing, musak, cintas, security system, payroll taxes, credit card fees, etc. and you will have NOTHING left! Trust me on this! We made over $380,000 last year and have not even taken a paycheck since last fall! This is no joke!

  236. I keep reading the same thing, over and over again.

    No business, especially in food/beverage service, is likely, especially on it’s own, to be a gold mine. Lemme break down some facts for you. Food cost percentage, no matter WHO your supplier is, is 100% ABSOLUTELY, NEVER….NEVER…a fixed rate.

    I personally know a couple Q owners, who keep their food cost below 25% consistantly.

    Profits/hours worked? Please….please…tell me none of you forgot to do the homework part that says initial restaurant owners, average 60+ hours per week, for the first 2 years? That’s life in the industry. Can’t take it, or deal with it, find a new line of work.

    I’ve seen sites like this blast a ton of franchises before. McD’s gets less heat than most, but any franchisee, especially a single location deal, had better expect to be putting in the hours.

    23.6k annual Q salary, while a reopen is being paid off, +20% of profits…maybe and extra 5k a year, for a couple years, than 100%….coming in at nearly 50k a year….anyone who thinks that’s a bad start, for a single unit sub shop, didn’t do their homework.

  237. Buying a single franchise, unless it’s a Hard Rock, or a McD’s, isn’t a good way to get rich. It’s a good base, to get you moving towards doing okay, and yes, often making less money, for more hours. It’s about owning your own business.

  238. I was looking into a quiznos that is about to close in my area. They are always out of soda, various meats etc. and it is currently for sale for 50k. Manager says it could close up any day. Thinking about offering 5k plus the franchise fee. With no note and some leg work advertising I think I could at least break even. Rent is only 2100 a month and store bringing in about 200k annually. Any advise would be helpful. I’m not looking to get rich I really just love the subs and hate to see it close for good. Only one within 30 miles!

  239. I owned a Quiznos for almost four years and worked my butt off! I marketed constantly, knew all my regulars and treated them like family, trained employees extensivly, worked myself 60-80 hours a week and the health department told me I ran a model restaurant.
    After all my effort, I closed my shop last August and I personally lost over $400k and still owe $80k which I am making monthly payments.
    I was under a area director who never once came to my shop or helped me in any way after begging for help several times, his name is Dave Cazar. He sent his employee Luz, to do inspections and to read to me out of Quiznos manual which I already read from cover to cover. I had to miss my Dad’s 75th birthday party due to an surprise inspection.
    I could go on forever but what I want to say is DO NOT BUY A QUIZNOS! EVER! EVER!!!!!!!! You may end up broke, unemployed and depressed like me.

  240. I saw this ad on a local broker’s site. It is obviously a Quiznos franchise. The cash flow looks healthy as a percentage of gross. I was interested until I saw this blog. Thougts?

    Restaurant Franchise Listing #15108
    General Location Worcester County
    Current Status New

    Terms of Sale

    Asking Price: $115,000
    Down Payment: $
    Real Estate Value : $
    Financing: Flexible financing available to a qualified buyer.

    Financials

    Gross Sales: $329,674
    Cash Flow: $75,413

    General Information

    Established: 2004
    Business Hours: 7 Days – 10am – 10pm
    Employees: 3 – 5
    Area Square Foot: 1,350

    Description

    Own a nationally recognized brand that’s CRAVED by millions at a discount price. Turn key opportunity to own this shop located in the heart of a commercial district. This store is very profitable. Reason for sale: Seller is pursuing other business ventures. This business offers a unique chef-inspired menu of delicious sandwiches, soups and salads that consumers love at an affordable price. Plus, you get the benefit of our multi-million dollar national advertising that’s like no other (radio, television, print, online, in-store) to make sure to keep those consumers craving more.

    • J.D.,
      Please don’t do it! There is something seriousy wrong if hte shop only employees 3-5 people when Quiznos “rules” make you run a 4 person lunch shift so how many hours and how many days a week are these 3-5 employees working? Most of my employees were college or high school student that were only available part time, so you see, it just doesn’t add up. SAVE YOUR MONEY AND RUNNNNN.

  241. JD. The consensus of this site seems to be that even taking over a q that you get fo4 nothing is a losing proposition. If they are asking $125k you should offer 1k. This includes $500 for the oven and $500 for tables and chairs. Even then expect to lose money. I hope you love the subs.

  242. Quiznos has some awesome promos! Where else can you get a sub, chips and drink for $2.99, not even Subway!

    http://www.quiznos.com/299mealdeal/

  243. your problem is that your food cost is too high 32.4%. my food cost is around 24% paper 3%.

  244. if you want to lose everything including your mind purchase a quiznos. oh yeah they’re real cheap right now but it doesn’t matter you’ll still lose everything.

  245. I OWN A QUIZNOS NOW! I AM FEELING MAJOR PAYNE FROM THE LOSS,LIES,GREED THAT THIS COMPANY HAS PUT ME THROUGH! I HATE QUIZNOS!!!! DONT BUY IN! UNLESS YOU WANT TO COMMIT SUICIDE! QUIZNOS TAKES ALL UR MONEY AND LEAVES YOU IN THE STREET DYING! RUN!RUN!RUN AWAY!!!!!

  246. Question for quizno’s owners, how much do you pay your management team? managers (if your not the manager), ast. managers, shift managers, etc. thanks.

    • Laura Yogurteur

      It sounds like most are single unit owners working full time in the business so they only have one manager (themselves).

  247. I am a GM of a penn station: east coast subs and my food/bread/produce costs are 20-22. The idiots who suck at running their stores run a 23 percent. I do not understand how anyone would pay 32 percent food costs in the sandwich business. On a good month all of my controllable costs (food/paper/labor) are under 40 percent. I was actually considering going into this, but I’m much better off getting a profit share of my restaurant.
    So thank you all for your advice to stay away from this company.

  248. Quiznos is now planning to open 600 corporate owned stores. Sadly these stores may be profitable because Quiznos will not gouge them. Then again corporate rudeness, arrogance and incompetence will likely trickle down and be the downfall of these stores. It will be interesting to see how close they put these corporate stores to their already struggling franchisees.

    • Dear sir/maddam, I was the first to be hired for this 600 store initiative. The goal was to hire 100 of us, and we reopen 5-6 stores in a year. Once the store became profitable they would sell it and we’d move on to the next store. If we as the manager wanted to buy the store ourselves it was a $5k cask out of pocket, the rest was payroll deducted. $50-60k until the balance of the reopen/remodel & equipment costs were paid off. I was paid $30k and all expense paid. Too bad for me they pulled the program when I got to my first store and bit let go as they did all the other not 100 but 200 managers. They closed all the stores Unless they already had a buyer lined up. The program lasted about 9 months. I bought my store for the promised $5k and am running it. It’s hard to make money. But I am. I’ts more hours than most would prefer. but I ran 14% labor last week and know that the other 6% stays back with me 🙂 Quiznos is making improvements but they’re not perfect.

  249. Buying a Quiznos!

    interesting read here, sounds like Quiznos will pay the owner a salary of 23k plus 20% profits! Wow now this sounds too good to be true!

    http://tinyurl.com/2w73sm4

  250. even with their amazing advertising, I’m surprised so many stores closed :

    http://www.youtube.com/watch?v=cG042nkReBA

    • LISTEN! BE VERY CAREFUL PURCHASING A QUIZNOS FRANCHISE. I OWN A QUIZNOS NOW AND I HAVE NEVER FELT SO DOWN IN MY LIFE! I HAVE NEVER BEEN SO HARASSED IN MY LIFE! THIS IS PRISON IN HELL! RICK SCHADEN IS THE DEVIL! HE HAS NO MERCY ON FRANCHISEES! HE HAS BEEN HIT WITH MANY CLASSACTION LAWSUITES AND LOST ALL OF THEM! WHAT DOES THAT SAY ABOUT THIS GUY OR THIS COMPANY!

      • I JUST GOT FINED FROM QUIZNOS $250.00 FOR HAVING NON SPEC PRODUCT IN MY STORE! FIRST OF ALL IF I HAD $250.00 I WOULD’NT HAVE NON SPEC PRODUCT IN MY QUIZNOS (RICK SCHADEN U DIPSHIT COCKSUCKER U) THE CORPORATE WORLD OF QUIZNOS HAS NO MERCY! I HAVE BEEN IN OTHER FRANCHISEES AND NEVER EVER BEEN IN A HELL HOLE LIKE THIS ONE GUYS! THE ONLY WAY OUT FOR ME IS LOCK THESE DOORS AND RUN TO ANOTHER COUNTRY! REASON IS I AM SO FAR IN DEBT FROM THIS HELL HOLE I HAVE TO HIDE! THERE IS NO OTHER WAY WITH THE MESS RICKY THE DEMON PUT US IN! RUN!RUN!RUN!!!!

        • How long do you have left in your lease? Is bankruptcy possible. I read a lot of people locked their doors and just walked away. How much have you invested and what is your income each month? What are your sales and lease details. Any info you provide can really help future prospects from making a mistake. THANKS!

        • What if you stop pay royalty?
          what can they do?

          • They will terminate your franchise agreement and can take your store and recoup expenses and lost income from your personal assets (assuming you agreed to personal liability in the franchise agreement).

      • I was stupid enough to buy two stores in Greater Los Angeles area.Both are shut down now I lost $400000 of my lifes hard work.I hope some one sue Quizno crooks and bankrupt these thugs.I would be a party to a law suit against Quiznos.
        ujjalgoraya@yahoo.com

    • Their new commercials with cats may very well be the worst commercials in the history of advertising. I used to love quiznos subs and now all I picture is cat fur. Can’t eat there any more.

      • Yeah, Subway showcases their sandwiches and makes them look delicious, even though they never look like that would you order.

        Quiznos on the other hand has cats singing in inaudible screeching voices.

  251. Their new ad is their worst yet. Coupled with the new corporate stores it almost seems like quiznos is thumbing their nose at their franchisees. Almost saying “you dared to sue us so now we’re going drive you all to bankruptcy through squandering advertising funds and directly competing with you”. Knowing this company they are covered legally. They will have a higher power to answer to someday though.

  252. Nothing more from DETROIT. Maybe he committed suicide. Quiznos franchisees have been driven to suicide before. Hopefully for him he has only been busy in bankruptcy court. Sad that what could be a pleasant experience, as evidenced by the successful Subway and Blimpe franchise systems, is instead run in such an evil manner.

  253. I can get a Q for about 16,000 dollars in a good location. Only does about 6K a week(owner is absentee, which is never a good idea, since most employees will rob you blind). Rent is way toooooo high, nearly 4k month. This baby will not cashflow even if I get it free and renegotiate the lease. Did a recon of the store and its typical…..3 employees when 2 shoulda sufficed. Typical young workers who dont give a crap about the customer. One employee was kissie kissie with her girlfriend and giving her free food and sat at a table with her for about 1/2 hour while the place had tons of stuff that needed done. The place was not dirty but the employees need to be directed on what to do….ie clean table, take out trash, refill things, etc. My friend has 9 subways and runs them like a gulag…..you have to in order to control costs and you have to hire and fire until you find the right people. These things dont run themselves. I ran the numbers(BTW, IM a CPA) and if I did everything right each month I’d make about 100 dollars a month, maybe. I’ve looked at numerous franchise and most are evil. Do it their way or your toast. After reading these posts I have decided not to pursue it any further. Thanks everyone for all the posts. Most helpful.

    • Please give us a detailed breakdown of how you came up with $100 a month income in your scenario above. This would be useful information.

    • Dear Someone:

      I f ?I were you I would buy that store despite your challenges. I have over 15v yrs of exp and I wish I could find a deal like that here and I wish I had 45k total I know that I would turn it around in 6m onths guaranteed. Persistance planning is the key.

    • I own a store. I make less than the “$6k” a week. I bring home WAY more than $100…..$16k to buy is a great deal.

  254. I was looking into getting subway since it has been rated no.1 franchise in the entrepreneur magazine. Any thoughts from others would be appreciated especially the franchisees.

    • Just make sure you have a damn GREAT location! Location is everything….oh, and a CLEAN store, great food, friendly service, good staff etc. Be very involved in the day to day operations. Most well run establishments of this type have an owner/operator on site most of the time. The staff will never care about your store as much as you do. You are the one investing your life savings /home whatever into this. BTW, my sister owns a subway in Vegas and they have a PROFIT of $100,000/year! Unlike Q who you will never make a dime owning.

    • SUBWAY IS #1 IN LOCATIONS ONLY…….NOT PROFIT, BESIDES THEIR FOOD SUCKS

      • I have never heard someone say they “loved” subway food. On the other hand Quiznos……yeah, I’ve heard that about them plenty of times. I’ve worked for both companies.

        • I LOVE Subway’s food. I go out of my way to eat it. It’s less expensive and usually very fast. Q is overpriced and have very few selections. Subway’s portions are also much better.

  255. I wouldn’t trust any of these magazines as I’m sure their ratings sometimes go to the highest bidder. That said I have never known of a Subway that went out of business whereas I have never known a Quiznos that stayed in business or successfully turned a profit. They may exist, but not within 30 miles of me.

  256. Future franchisee

    Does anyone have any feedback concerning Quiznos franchising in Canada? I know someone who wants to buy a 3 year-old franchise from the original operator, and I’m tring to find some info for him. Thanks!

    • Read the Postings

      I would suggest your friend review each of the over 400 postings about Quiznos on this site and the numerous other sites related to how Q does business. Can you give more details. Are they getting it for free (take over lease)? What is the rent/income?

    • Please check out Blue Mau Mau website and type in Quiznos in search bar before you go any furthur!!!!

    • go to quiznos.com and click on “own one” fill out the app and someone will call or email you in a week or so.

  257. Interesting reading here. I’ll have a footlong and a side of Hepatitis.

    http://eatdrinkandbe.org/article/index.quiznos_saltlakecity_outbreak_010_0820

  258. They have $2.99 combo coupons (SUB, CHIPS and DRINKS) on their website and no Quiznos accepts them. WTF, no wonder they all close.

    • My local quiznos accepts them. Owner said if they send the coupons to HQ they get reimbursed. She said most owners are just too lazy. Any owners care to comment?

      • That is a lie. We unfortunately been Quiznos owners for over 7 years and they have NEVER done that. Also corporate will do things like tell you they will give you free product if you run some money losing coupon then they come up with a silly loophole that they don’t even tell your corporate Rep about and deduct some outrageous amount of money out of your bank account on top of the overpriced upfront food cost, loss of money from the coupon and royalties. Quiznos corporation sells franchises and makes money through gouging their franchisees. The average Quinzos has been sold 3-4 times. The corporation office drains all of a person’s life savings and then scares them with a lawsuit when they quit. They “let” those people walk away from their stores by having them sign a legal document where the person promises not to Sue them, then they advertise the store for pennies on the dollar and start all over again.

      • I own. Although they don’t reimburse all the money, it sure pays batter than making a customer mad. Plus if you got it online it will also show online if the store accepts coupons or not. I take them all. A happy customer is a customer that spends more.

        • HALBERTCROCKER, you hav eto be a new owner! I onwed for 7 yrs– I got suckered into buying a second store because the first one I owned was doing good “if you dont open it we will give it to somebody else” I did open it but the city could only handle one. All the second did was allow easy access to my already established customer base. Businees was split in half and I was left with two stores that lost money instead of one that made money. The corporate idea is if not to worry abut the coupons beacause you may loose money on the sale but you will make up for it on the volume?????? What does that even mean??? Make up for a loss on volume? So if I sell a sandwich at a $2 loss and the guy comes back once I break even. But the next time he comes back hes got another coupon– so I loose another $2………. And so on. These consumers only come when there is a coupon… Hence there is always a coupon!!!!!! What you need to do to survive in the “Q” world is to establish a customer base on a solid product that is not discounted, not skimpted on and is packaged correctly. Don’t listen to the smoke show that Rick Schaden and his flunky (G MacDonald) throw out at the franchisees.. Unit as one group and and take control over the food line…. Thats where the money is. Rebellian worked in the Egypt it can work at “Q”

    • we dont accept them because we cannot afford to GIVE food away, Quiznos corp does NOT reimburse franchise owners ONE DIME from coupons

      • Not surprised she was lying. She is trying to sell store and lies through her teeth. Rumour is store is going bankrupt.

      • I seonded that.

      • That’s probably because Quizno’s is stealing money from everyone. I was seriously thinking of opening a Quiznos franchise but, I’ll be sure to take my franchise and my money somewhere else that’s more deserving. Thanks everyone for your helpful information! I’ll also be sure to help hard earned royalties make it to a more deserving franchise in the future.

    • They don’t close because they DON’T accept insane coupons they close when they do. You have to pay for the food cost up front and then pay a royalty on the sale of a coupon deal that makes you lose money.

      I know Americans are very poorly educated but you need to try and understand that if a business sells their products for more than they cost to make, they go out of business.

      Quiznos owners with a 4th grade understanding of math DO NOT take those type of coupons that the corporate office designed to force them out of business and seize their store for resale.

      Those owners usually make less than a teacher salary and are fighting to keep from going bankrupt and losing their life savings.

      If you find an owner brave enough to try and save their business by not taking these ridiculous coupons encourage them, don’t be an ignoramous and give them a hard time.

      • I think most readers of this blog understand the concept of profit, even the Americans you apparently think little of. The concept of coupons is to attract new customers who will come in, use the coupon, like the food and become a regular customer. If you do not accept the coupon they will leave, go to Subway, and tell everyone they know not to go to your store.

        Some franchise owners do not understand this concept. For them I have one request: post this on your door so we will not waste each other’s time.

  259. Owned a Quiznos for 3+ years. Most of the franchisees work extremely hard for pennies and are constantly screwed by Q corporate. I read the franchise agreement…ran an exceptional restaurant…turned out to be basically a pact with a company that wants royalties and to hell with the franchisees. Can’t believe I survived dealing with those mf’s! For those tormented franchisees, there is life after the big Q screw!

  260. Lookin for a franchise

    wow, thanks everyone for your comments. I was close to buying a quizno’s franchise but after reading this, NO WAY!

  261. Wow, everyone. I was planning to buying one Q. Good thing I did some research and found you guys. Thank you very much.

  262. I was not there for it, but it appears the store here in Bako was closed. Story goes that the owner walked in, told the customers to leave told the employees to go home. Locked Up.

    There is now a little, hand written, sign in the window that says, quite simply; “Out of Business”.

    I am not sure about all the details, since they came to me “third-hand”, so if there are any people here that know about the location on California Ave. here in Bakersfield, I would be interested in hearing them.

  263. AnotherQuiznosBankruptcy

    Run for your life……………I owned 2 Quiznos and have filed Chapter 7.
    I sold 1 of my 2 to a couple of bankers who had another Quiznos and and those guys filed a 7 also. 3 Q closed in our immediate area within 2 weeks. I lost EVERYTHING.
    I even got one with all the equipment FREE and STILL LOST MONEY

  264. I’ve never could have believed just how corrupt any company could be until I bought into two Quiznos stores. Ive followed this site for four years…., how many times must it be repeated? ……Quiznos is FUCKED! If anyone even considers taking on a franchise after reading this blog, then you deserve your eminent bankruptcy ! SAY NO MORE

  265. There are a few items not correct. No way you can staff your restaurant adequately with a labor percentage at 20% unless you’ve decided to be at the store managing seven days a week or have family managing/working for free, food prices will be near 40% if you’re buying strictly from Q and using their “recommended” pricing. (the food cost of the Buffalo Chicken sandwich is right at 50%) Quiznos coupons like crazy. If you take them all you’ll see a discount rate of at least 10%, in several areas of the country there’s an extra one percent taken for advertising. Finally there is no real tv advertising to speak of and if you don’t know it, tv advertising drives fast food sales. TV. Not coupons, not radio, not local store marketing. Besides, how much LSM can you do when you’re already giving Q 12% of your gross? Finally, with minimum wage help if you think you’ll get by with that small amount of waste and no theft you’re dumb as a box of rocks. You don’t have to believe me but as a former Quiznos owner I can say with 100% certainty that if you use these numbers and buy a Q that $34,000 will be a mirage and you’ll end up in the poor house with the rest of us.

  266. DONT DO IT!!! U WILL NEVER MAKE MONEY!!!! ITS THAT SIMPLE

  267. As a quiznos owner, This break down is incorrect. The coupon/discount will be at least 9% 3600.00 a month not 0.4% $160.00. You get that in one day! Even if you decide not to take coupons(loose customers) there’s the combo and the “choose 2 for $5” Discounts. My store averages around 11%. Nor have I or the other owners I know able get food cost under 32%. I could go on for hours. I will be closing my store thanksgiving for good!

    • You are correct. coupning at one of my stores is around 11%. Also, f I keep food cost at 29% I run out of product and customers dont come in the day before my shipment arrives so that sales day is historically low. Food can easily go to 32-35% to keep the shelves stocked properly. The Pepsi contract that you have to have is terrible! I can buy the product cheaper at my local super market at the retail price, than I can with the Q national pepsi account prices that Pepsi CO charges.
      I got another store for “free” and am losing 2,000 per month. Be carefull. The product is great. BUT the economy is in the toilet.
      CFO is making effort to change things with better ads, lowering royalties. BUT if you are going to buy a store that makes less than 350K a year– walk away. With 3,500 rent and 300k sales all I do is provide jobs to the community, and my self an $9 per hour job for working 40 hours in the store.

  268. Def. Quiznos SCREWED

    Quiznos is a Crock, Non of the figures are correct. You will be lucky if you make a Dollar. We Purchased a store in April of 2009, our Loss for 2009 was greater than $34000.00, Yes That’s loss not profit, we pulled that from our own individual pockets. I expect our loss in 2010 to be greater than -$50,000.00. If you want something good go else where. We have contemplated closure but for us its not the right time. YOU WILL NOT MAKE A DIME. We run the company and have not gotten a pay check since 2 months after we bought IT!

    • if you reported a lose of 34k in ’09 and will report a lose of 50k in ’10, why don’t you just close your doors and hand the keys back and walk away? How do you pay your living costs if you don’t make a penny and have lost close to 85k in the past 2 years? Enlighten me…..

  269. Percentages not correct

    From everything I’ve heard from owners the cost of food runs closer to 35%. Not 29% as stated.

  270. Too Little Too Late

    I opened my Q”s in 2005 and havent made a single cent, in fact it has been bleeding me dry. After all the compliants they decide to kick back 4%, too little too late. if they would have done this when the economy wasnt in the tank we probably could have made some money. My biggest joy is that I convinced at least a dozen people from not opening up a Q’s.

  271. Hi there! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone. I’m trying to find a template or plugin that might be able to correct this problem. If you have any recommendations, please share. With thanks!

  272. Quiznos for sale in Miami…owner moving to Atlanta …good sales great location any interested send email to dannynwa@hotmail.com…good price negociable

  273. WARNING – BAD FRANCHISE – NOT MAKING MONEY – CLOSING STORES. CORPORATE EXECUTIVES RUNNING THIS COMPANY SHOULD BE INVESTIGATED. JUST HORRIBLE

  274. I am focused on opening my own business, buying a franchise. Thanks so much for sharing with potential investors like me. Finally, what is the best business, or franchise someone could invest in actually?

    • One that makes money!

    • Its a function of what you’d enjoy and what’s needed in the community.

    • I’ve started and run several businesses and my advice is to skip the franchises and go the do it yourself approach. Yes, you don’t get the system and training but you also don’t pay a royalty. Many businesses are actually pretty simple, how hard is it to make a sandwich or clean a house?
      Choose something you are excited about and get a job working for someone else in that business, learn, learn, learn. Maybe the person you would for will be looking for a partner or to expand or to retire and you can benefit from their experience.
      Finally, always keep a laser-like focus on the bottom line as well as exceeding your customer’s expectations.

  275. All the Quiznos in my city have closed. The locations were poor, and none of the stores were busy when they were open.

  276. I’ve worked for a Quiznos franchise for the last 6 months. Having come from a McDonald’s background, I am more or less aware of the components that make up a successful franchising system. Quiznos is the polar opposite on nearly every count.

    Quiznos charges 7% for royalties. This is 2x the amount that McDonald’s charges, which seems somewhat exorbitant when you consider the annual sales for the average McDonald’s restaurant are roughly 6x higher than the annual sales of a Quiznos (based on $2M annual for McDonald’s and $300K for Quiznos).

    The TARGET food cost for a Quiznos restaurant is somewhere around 30%, and it can vary by several percentage points depending on the fluctuating weekly invoice prices. McDonald’s base food cost (in the region that I worked in) was around 22.5% with the target P&L food cost being 3% over base, or 25.5%. McDonald’s also had some seasonal variations in food cost caused by fluctuating prices, but these were rarely severe, and never as frequent as those affecting Quiznos.

    The food cost problem can be explained very simply; the Quiznos corporation makes a profit from the food that it sells to its franchisees, McDonald’s corporate does not. Quiznos owns the company that produces the food franchisees are required to purchase, and that company makes a healthy profit on every item that it sells. This is in addition to the insanely high royalties that are being charged. All rebates received from national manufacturers are kept by Quiznos, which results in franchisees paying more for some products (bottled sodas, chips, etc.) purchased directly from manufacturers than they would pay in a retail store such as Sam’s Club. This price discrepancy is also apparent in the meat, cheese, and produce supplied to the franchisees by Quiznos. In many cases, it is cheaper for the franchisee to buy supplies from a local retailer than it is to order from Quiznos. The result is inconsistent producty quality from store to store, which leads to dissatisfied customers. For McDonald’s, there is a separate distribution system in place, and all rebates received from suppliers are given directly to the franchisees as a way to help them control costs and prevent them from trying to circumvent the distribution system. McDonald’s products are very consistent from location to location, becauase it is considerably more expensive to buy those products from any other supplier.

    There are numerous other examples of less-than-reputable practices on the part of Quiznos, but it has been some time since I reviewed the actual data concerning some of McDonald’s policies (coupon reimbursement, equipment costs, remodellling expenses, mandatory POS upgrades, etc.), and I do not wish to provide inaccurate or misleading information. Please note that the percentages described pertain only to the two restaurants I actually worked in, and that there will naturally be some variation in statistics from one store to another, or one region to another. The examples provided merely serve to illustrate the point that the Quiznos franchise system is inherently abusive and conterintuitive. McDonald’s works with the franchisees to help make them successful, then reaps the financial rewards when the franchisees develop outstanding stores that routinely deliver profitable sales. Quiznos works against the franchisees to cripple them and squeeze them for every dime they possibly can. This is the reason that McDonald’s is wildly successful and Quiznos is on the verge of collapse. The saddest part of all of this is that Quiznos has an outstanding product, and wonderfully dedicated people working hard as owners, managers, and employees trying to provide quality food and service to the people in their communities on a daily basis. If Quiznos provided them with a workable business model, the franchisees would flourish, and the Quiznos corporation would be able to reap the financial benefits that accompany healthy sales. That they woudl choose to abuse the very people trying so hard to make the business succeed is regrettable.

  277. When a Quiznos franchisee sell his business, is it required that the franchise must be a part of it, or can they only do an asset sale. I may be interested in buying a store in central florida but I don’t want the franchise.

    • As long as you are doing an asset purchase and not taking over the lease or busines, you’ll probably be ok. But, Quiznos or the Landord may have a lien or prohibition on the sale of the assets. You can usually buy old Quiznos assets dirt cheap on ebay.

  278. I do not own a Quiznos not any franchise but the credit card 2.9% seems wrong. I would think 50% of sales of cash so that would reduce that expense some. I have spoken to a number of the Quiznos owners/managers around here before they all closed and they all indicated it was impossible to make money given the markups/kickbacks the parent corporation was getting on supplies.
    I don’t know if reputable chains like McDonalds price supplies better or if they allow owners to contract their own suppliers as long as they meet corporate standards but it seems to be Quiznos could be successful if corporate made it a priority to support the success of the franchises.
    I have had some of the best sandwiches ever at Quiznos so I know it could succeed if they solved the money issues.

  279. Thanks in support of sharing such a pleasant thought, post is fastidious, thats why i have read it entirely

  280. I was in the food/ fast food/ casual dinning for more than 30 years. Thinking about spending some money for a better retirement! I found an opportunity in Ontario Canada. I talked to the owner – store sold for family/ personal reason. Contacted Q HO at Oakville, Senior Profolio Manager reply ‘contact the seller for info!’ If I can take all numbers from the owner – why am I seeing ‘For Sale’. I worked in McD for 15+ years at Mid-Management. I have to wait in line, even I worked with the Nation Franchising Director!! The Q in Canada is asking for 130K and the owner claimed he is making 50K per year plus his pay?? How much he is doing?? He claimed 32% food cost, 23% rent, 7% loyalty, 11% rent, 4% advertising, banking fee+insurance+payroll tax+benefits+ what’s left?? From my experience he must be doing 12K per week to break even AND with the atitude from the HO, I believed it is finding yourself a low pay labor job. Good luck.

  281. Good day everybody my name is Nelson Mac am from Canada but few years back i was financially strained i rushed to my bank to apply for a loan to start up my business but i was denied by my bank because of my credit score and they could not help and due to my desperation i was scammed by several online lenders who promised to help me but at the end i was scam i lost my money and my hope because i was so frustrated, One day when i was going through the internet again i found one lender call Mr Larry Scott i thought to give it a try one more time to my biggest surprise he was able to lend me a secure loan totally the amount of $200,0000 for the first time in my life i realize that there are few lender who don’t scam people his name is Mr Larry Scott i will advice any body that are in need of loan to contact him with his Email (scottlarry816@gmail.com) he can be able to help you because he was a God sent to me this year and i will never forget him for the help he render to me.

    God bless him

    Nelson Mac

Leave a Reply to Vancouver, B.C. Cancel reply

Your email address will not be published. Required fields are marked *