Start a Sandwich Franchise with Quiznos

26/08/2018 18:00 | Start a business

 

Quiznos franchise
Quiznos

As a small business person or experienced franchisee, now is a great time to choose Quiznos. With low investment [...]

£202,448 Minimum investment
Restaurant, Coffee Shop & Pub
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Finding a fast food franchise thats low cost but also benefits from a big name brand can be challenging. However, we think we may have found just the thing. Quiznos is one of the world's most recognisable sandwich brands but their franchise units remain affordable. As they look to expand and open more UK locations, we thought we would take a look at what makes the business such an attractive investment opportunity for so many individuals and ask what you'll need to do become a franchisee.

Quizno's franchise history

Like many successful global franchises, Quiznos has grown from humble beginnings. The original Quiznos shop opened in 1978, under the name Sandwich World. It occupied a space in a converted petrol station and it wasn't until 1981 that the business changed its name to Quiznos and adopted the franchise model. It spread across its home market the United States incredibly quickly and by the late 80s it was ready for international expansion.

A move to Canada proved incredibly successful and the Canadian arm of the franchise bought the rights to UK Quiznos franchising. The UK franchise was launched in 2002. Currently, there are seven Quiznos franchise units operating in the UK market. However, the franchise is keen to expand and is looking for the right individuals to grow Quiznos' UK network.

Industry context

The fast-food sector has always benefitted from the franchise model and fast-food restaurants have been one of the model's biggest success stories. Brands like Quiznos and Subway have gone from strength to strength and grown into some of the world's biggest restaurant brands. Though there is a lot of competition in the UK, Quiznos has a product and reputation that's of sufficient quality to attract a large number of customers. The existing UK franchises, as well as those overseas, have demonstrated that the franchise has what it takes to succeed in this challenging industry.

Quiznos basics

Over the years, Quiznos has become one of the most famous sandwich franchises in the world. With an excellent reputation for making toasted sandwiches with the highest-quality ingredients, theyre able to compete with a many of the biggest sandwich brands out there.

Quiznos specialises in selling toasted subs that are loaded with an exciting array of fillings. The menu is diverse and customers can choose to have their sandwich made on a wide range of artisan breads. Whereas most sandwich businesses focus on sourcing as low-cost ingredients as possible, Quiznos is committed to finding and using the best. This means all-natural cheeses, the tastiest meat products around, and fresh salad and veg. Despite this emphasis on superior ingredients, Quiznos' sandwiches are affordable, too.

What level of investment is required?

If youre considering becoming a Quiznos franchisee, youll need to raise an initial investment of around £50,000. This is enough to get most franchise units off the ground, though the precise amount will depend on the location and size of your store. In total, franchisees are likely to need a total investment of somewhere £150,000 and £190,000 to open a Quiznos franchise. This includes the £12,500 +VAT franchise fee and all other start-up costs.

When it comes to fees, Quiznos charge both a marketing fee and a royalty fee. These are both calculated as a percentage of gross sales. The marketing/advertising fee is set at 4%, while the royalty fee is 7%. Due to their international reputation and the success of Quiznos' existing businesses, many major lenders are willing to fund 70% of the total cost of your franchise. If you're seriously considering buying a franchise, Quiznos can help you secure this initial investment.

What do you get in return for your investment?

In return for your investment, franchisees are granted the right to operate under the Quiznos name and brand and are given access to a turnkey business model, as well as all the training required to operate it. The franchise will help you find a location, design and construct your shop, and fit it out with all the equipment required. This means that youll have everything you need in place, ready for you to hit the ground running when you open.

All franchisees are enrolled in the franchises extensive training programme Quiznos University. This provides you with all the skills required to run a Quiznos unit and grow your business. Theres also ongoing support from regional Franchisee Business Consultants and the central franchise management team are on hand to provide you with all the help you could need, whenever you need it. Quiznos brand recognition ensures that youll receive sufficient custom to make a success of your unit and the relatively low investment costs make this one of the most lucrative franchises around.

What kind of franchisee is Quiznos looking for?

Quiznos is not necessarily looking for franchisees with experience of the restaurant industry, although it would be a bonus. Instead, they're hoping to find individuals who demonstrate the following qualities. First and foremost, franchisees must be committed to maintaining the Quiznos reputation for quality. You'll also require the ability to manage a team and motivate those around you. Communication and leadership skills are also highly prized.

Finally, Quiznos franchisees need an entrepreneurial spirit and the desire to grow, expand, and reach as many customers as possible.

If you're looking for a franchising opportunity in the fast food sector, you can't go far wrong with a Quiznos. For a relatively low start-up cost, you could benefit from an internationally recognised brand name and image, as well as the years of experience accrued by the central management team. All franchisees are provided with a large amount of guidance and assistance, making it the ideal opportunity for those that want to run their own business but feel as though they could do with some support along the way. Currently, Quiznos has opened relatively few locations in the UK.

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