Quiznos Franchise

Quiznos Franchise

Location
New York
Industry
Food Services
Phase
Start up
Company
Multi-Owner Corporation/LLC
Author bigFish
Overview
Opening a Quiznos restaurant in Brooklyn, serving the community of Park Slope or Sunset Park

The Company
Company needs
Looking for financing(Loans)
Looking for Accountant
Looking for Lawyer
 
Business Description
Quiznos is a top ranked restaurant and franchise by Nation Restaurant News and Entrepreneur Magazine
 
Product or services

Toasted subs, soups and salads

 

 

 

 

 

 

 


Preferred Finance Source:
Commercial Lenders
Asset Based Lenders

Projections

Expect to gross over 400K in the first year, and grow by 10 to 20% there after



Invested so far:

   

Funds required:

$50,000-$100,000
$100,000-$250,000

Funds has been spent on:

Funds will be spent on:

Money for the franchise fees and start up expenses. This includes training.

Intial store launch, base inventory, equipment, leasehold improvements, initial advertising, salaries, and other expenses


Management & Marketing

Management Team

Experienced in Real Estate Management and Business Management. Looking for franchise to invest.



Target Market & Marketing Strategy

People in the area looking for a good alternative to fast food.

 

 

 

Questions & Additional information

Questions & Additional information

Looking for info that can help me get started. Ideas or advise on potential issues. I am new to the restaurant business.

 

 

 

 

Welcome BigFish, we actually

Welcome BigFish, we actually have some experience working with franchises, (including Quiznos) we will be happy to help you.

Hey, thanks, I can use all

Hey, thanks, I can use all the help possible. Right now I am starting to do my research. I am going to call the franchise representatives.  Appreciate all the help I can get.

I have done some research

I have done some research for you:

This is a quick report from Hoovers.com

http://premium.hoovers.com/subscribe/co/profile.xhtml?ID=ffffcyktjrhsfskctt

It gives you the basics of the company, and a good point for you to start doing your research.

Franchise Info from Entrepreneur.com

"Total investment: $71.7K-251.1K
Express/kiosk option available
Franchise fee: $10K-25K
Ongoing royalty fee: 7%
Term of agreement: 15 years, renewable
Renewal fee: $1K"

Net worth requirement: $125K
Cash liquidity requirement: $60K (although on quiznos website they require 70K)

http://www.entrepreneur.com/franchises/quiznossub/282737-1.html

This is some info from Quiznos website:

Average store total cost between 190K to 250K

Allocate 3% for advertising costs.

More info here http://www.quiznosfranchises.com/franchise_faq.asp

Wow

That's a lot of info, thank you Guideye!

I have a question about

I have a question about loans,

 

How do Banks treat franchises?  Which banks do you guys think will be good for this franchise?

Banks treat franchise as any

Banks treat franchise as any other business, they have favored businesses as well as they have favored franchises. By the way, most banks have more strict underwritting (the process of reviewing the loan) for restaurants. 

However, the fact that you are starting a franchise, (even though it is in the restaurant business) may actually help you in your application, because banks may have more information to work with regarding the franchise you are trying to open.

Banks that you may like to try are: CIT (technically they are a non-bank institution), Bank of New York, Banco  Popular.

Quiznos Franchise

Hello,

I'd like to know if this venture is still open for funding.

Please advise.

Richard Henkel.

Still Open For Funding?

If so, please contact me.  jvalcik@hotmail.com

Jayson Valcik

"I've got the money you need!"