Cousins Subs Franchise Costs $445K – $955K (+ 2024 Profits)
Here’s what you need to know if you’re interested in opening a Cousins Subs franchise.
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KEY FRANCHISEE INFORMATION
Here are the most important stats to know for franchisees.
NUMBER OF LOCATIONS
INITIAL INVESTMENT
$445,000 – $955,000
ROYALTY FEE
REVENUE PER YEAR
$709,000
Cousins Subs is a well-known fast-casual restaurant chain specializing in submarine sandwiches. Established in 1972 by Bill Specht and his cousin in Milwaukee, Wisconsin, the franchise began expanding in 1979.
Known for its Midwest roots, Cousins Subs emphasizes quality with locally sourced ingredients and bread baked fresh daily, setting it apart from many competitors who may not prioritize local sourcing to the same extent.
The headquarters of Cousins Subs is located in Menomonee Falls, Wisconsin. The franchise offers a variety of submarine sandwiches that are 25% larger than typical subs found in other chains, appealing to customers looking for better value and more substantial meal options.
Number of locations
Here’s how many Cousins Subs there are in the US today.
TOTAL UNITS 94 |
FRANCHISED UNITS 50 |
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Cousins Subs | |
FRANCHISE FEE | $25,000 |
ROYALTY FEE | 6.00% |
INITIAL INVESTMENT | $445,000 – $955,000 |
AVERAGE REVENUE | $709,000 |
Initial investment
Here’s what you can expect to spend to start a Cousins Subs franchise.
Type of Expenditure | Amount |
---|---|
Initial Franchise Fee | $25,000 |
Leasehold Improvements | $205,000 to $600,000 |
Equipment and Small Wares | $135,000 to $190,000 |
Seating Package / Millwork | $30,000 to $75,000 |
Initial Inventory and Supplies | $6,000 to $18,000 |
Point of Sale System / Technology | $10,000 to $30,000 |
Architectural Fees | $9,000 to $52,000 |
Rent | $3,000 to $15,000 |
Lease and Utility Security Deposits | $0 to $15,000 |
Insurance | $700 to $1,500 |
Training | $2,500 to $15,000 |
Store Marketing Fee | $10,000 |
Lease Addendum Review Fee | $0 to $5,000 |
Signage | $8,500 to $63,000 |
Additional Funds – 3 months | $20,000 to $50,000 |
TOTAL | $465,000 to $1,165,000 |
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Franchise fees & Royalties
Here are the main ongoing fees the franchisor will ask you to pay going forward to run the franchise.
Initial Franchise Fee
The initial franchise fee is $25,000.00, which is fully earned by the franchisor upon execution of the agreement and is nonrefundable.
Royalty Fee
The royalty fee for Cousins Subs is 6% of gross receipts. This Continuing Service Fee is payable weekly based on the gross receipts for the preceding week (Sunday through Saturday), unless specified otherwise in the operations manual.
Marketing/Advertising Fee
The “Store Marketing Fee” is $10,000, which must be spent within one year of the shop opening.
Technology Fee
Franchisees are required to contribute between $300 to $800 per month to the Technology Fund, which includes an 8% hardware maintenance fee and costs for third-party service licenses.
Lease or Rent Fee
Monthly lease or rent fees range from $3,000 to $15,000, with costs determined by the lease agreement specifics.
Transfer Fees
The transfer fee for a franchise agreement is the greater of 20% of the current standard initial franchise fee or $5,000, payable at the time of transfer approval. No fee is charged for transfers among owners of the franchisee or their immediate family members.
Renewal Fees
The renewal fee is 50% of the then-current standard initial franchise fee, payable upon signing the renewal franchise agreement.
Revenue & Profits
Here’s how much revenue and profits you can make with a Cousins Subs franchise.
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Cousins Subs | |
FRANCHISE FEE | $25,000 |
ROYALTY FEE | 6.00% |
INITIAL INVESTMENT | $445,000 – $955,000 |
AVERAGE REVENUE | $709,000 |
How to open a Cousins Subs franchise
Opening a Cousins Subs franchise involves several steps, designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a Cousins Subs franchise.
1: Evaluate Franchise Opportunity
- Research the Brand: Understand Cousins Subs’ business model, market presence, and growth potential.
- Franchise Disclosure Document (FDD): Request and review the FDD to understand the legal and financial obligations.
2: Financial Assessment
- Initial Investment: Assess the financial requirements which may include franchise fees, start-up costs, and operating capital.
- Funding Options: Explore financing options such as loans, savings, or third-party financing.
3: Application Process
- Submit an Inquiry: Contact Cousins Subs to express interest and receive more detailed franchise information.
- Formal Application: Complete the formal application process, which will include providing your financial details and business background.
4: Interview and Approval
- Franchisor Interview: Participate in interviews or meetings to discuss your application and compatibility with the franchise.
- Approval: Once approved, you will proceed to sign the franchise agreement.
5: Training and Development
- Training Programs: Attend required training programs that cover operations, management, customer service, and other critical areas.
- Site Selection: Collaborate with the franchisor to choose an appropriate location based on market research and demographics.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
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