What a Quiznos franchisee makes (II)
for those interested in Quiznos….
It’s worth reading the comments from the Quiznos blog posting last year. The comments keep coming.
It’s also worth reading the forum posts regarding Quiznos.
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i think i’ll dress as a quiznos cup for halloween!
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Based on the costs that Quiznos imposes on you. Zero.
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The Quiznos Franchise System cannot, and does not, support successful
multi-unit ownership. This is the first big clue to your need to run
from this corporation. They screw their franchisees first, by lying to
them about the average Food and Labor costs. Then the corporation sets
the price for absolutely everything the franchisees must buy, from food,
paper, equipment, furnishings, smallwares, etc., to mandated services
such as bookkeeping, payroll, credit card processing, muzak, etc., etc.
The prices they set are very significantly above the prices they negotiate
under contract for. Sixty percent (60%) of Quiznos Franchisees are said to
do no better than break even. Most lose money. They lose money only because
the franchisor controls all material and service costs to the franchisee.
Run from this system. Don’t even consider it.
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Quiznos is worst….they do not support the owners……. they are chicken when it comes to enforce litigation……… we have dealt with them and it was awefull experience……we are glad to be out of it now…… they promise but don’t deliver and force you to do things which they are spouse to do……… their inspections suck……. only to deduct points so u look bad on the audit and they don’t have to pay you……………..
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May I say they claimed 60% increase in profits, yet the profits have gone down due to their charging an additional 1% for advertising and now they are tied with Subway for franchise fees and advertising and it is 12% of everything you earn, which is greater than 95 % of the stores make. Introcuction of specials that they say are to compete with Subway have a food cost of 35% to 45%, which leaves no profit for any store for those products
profits have diminsished to the point of minimum wage if you work many hours i the store.
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This franchisee recently closed one store and will soon be forced to close another. The reason is a total lack of profit. Q corporate has taken over $200,000.00 in royalties and advertising from my bank accounts while I struggle to pay my bills. My advertising dollars have been totally wasted. Where did the dollars go? Certainly not into TV ads. Subway ads are on 24/7. Where are the Quiznos ads? Former CEO Brenneman promised an extra $15,000.00 in FO profits last year and another $15,000.00 this year. Where is it? I pumped in $12,000.00 of personal funds last year and another $14,000.00 this year. Enough is enough, I can no longer afford to operate a Quiznos Sub. I just hope the class action lawsuits will come to trial and Quiznos will finally be exposed for what it does to all the FO’s.
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I have heard similar stories from sellers in CA, some of whom decided to close their stores. Not sure how wise that was considering the fact that you are still on the lease-shouldn’t you sell for what you can get, even $50k??
So now they are going after International markets……having wreaked havoc in the US with franchisee debris….
Is this about David taking on Goliath(Subway)?
mrfranchiseman.
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