Quiznos Franchise FDD, Profits & Costs (2025)
Quiznos is a well-known fast-casual franchise specializing in toasted submarine sandwiches. The brand was established in 1981 in Denver, Colorado, by chef Jimmy Lambatos.
Today, the company remains headquartered in Denver and operates through Quiz Holdings, LLC. Over the years, it has become an internationally recognized name in the sandwich segment.
Franchising started in 1983, and the business saw significant growth after Rick and Richard Schaden took ownership in 1991. By the early 2000s, Quiznos had expanded to thousands of restaurants across the globe, ranking among the largest sub sandwich chains in the United States.
In response to shifting market conditions, the brand restructured and introduced more flexible store formats designed to lower startup expenses and increase efficiency.
Quiznos continues to serve a wide menu of toasted subs, sandwiches, soups, salads, and sides. Its signature toasting method, which enhances both taste and texture, remains a defining feature that sets it apart and influences the wider sandwich industry.
Initial Investment
How much does it cost to start a Quiznos franchise? It costs on average between $458,000 – $1,432,000 to start a Quiznos franchised restaurant.
This covers expenses such as construction, equipment, inventory, and early operating costs. The total amount varies depending on several factors, including the chosen restaurant format, the location of the store, and whether the property is leased or purchased by the franchisee.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $5,000 |
| Initial Franchise Support Fee | $25,000 |
| Real Estate | Variable |
| Site Work | $0 – $150,000 |
| Architectural | $15,000 – $60,000 |
| Building | $275,000 – $880,000 |
| Freight, Installation and Cranes | $0 – $50,000 |
| Restaurant Equipment, Fixtures and Signs | $75,000 – $175,000 |
| Uniforms | $0 – $500 |
| Computer Systems, Online Ordering, Telephones, Point-of-Sale and Delivery Equipment | $3,000 – $9,000 |
| Security Deposits, Utility Deposits, Permits and Business Licenses | $3,600 – $8,000 |
| Training Expenses | $2,500 – $4,500 |
| Grand Opening Advertising | $10,000 |
| Opening Inventory and Supplies | $9,000 – $15,000 |
| Additional Funds (3 months) | $35,000 – $40,000 |
| Total Estimated Initial Investment (excluding real estate lease or acquisition costs) | $458,100 – $1,432,000 |
Average Revenue (AUV)
How much revenue can you make with a Quiznos franchise? A Quiznos franchised location makes on average $664,000 in revenue (AUV) per year.
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Frequently Asked Questions
How many Roy Quiznos locations are there?
As of the latest data, there were about 165 Quiznos restaurants in the U.S.
What is the total investment required to open a Quiznos franchise?
The total investment required to open a Quiznos franchise ranges from $458,000 to $1,432,000.
What are the ongoing fees for a Quiznos?
Quiznos franchisees are required to pay ongoing fees that include a royalty fee of 5% of gross sales, which is paid regularly to the franchisor. In addition, franchisees contribute to the system’s brand promotion through a marketing and advertising fee of 2% of gross sales.
What are the financial requirements to become a Quiznos franchisee?
To qualify for a Quiznos franchise, prospective owners must have a minimum net worth of $350,000 and at least $150,000 in liquid capital. These requirements ensure that franchisees have the financial stability and available resources to cover startup costs, manage operations, and support the business until it becomes self-sustaining.
How much can a Quiznos franchise owner expect to earn?
The average gross sales for a Quiznos franchise are approximately $0.66 million per location. Assuming a 15% operating profit margin, $0.66 million yearly revenue can result in $99,000 EBITDA annually.
Who owns Quiznos?
The franchise is owned by High Bluff Capital Partners, a private investment firm that acquired Quiznos in 2018 through its affiliate REGO Restaurant Group.
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