Quiznos Franchise “Deal”?
Has anyone seen the deal that Quiznos is doing to sell units to new or existing franchisees? Lets have a look at it with the knowledge that this is the company that was recently selling underperforming stores for as little as $14,000.
Quiznos is offering an “Operating Partner” program that has an entry cost of $5000!
You get full ownership over time.
You use the profits of the business to pay for the store. 80%
You are paid from the profits of the store. 20%
You are paid a salary as well
You receive full corporate benefits, health insurance etc.
Quiznos covers losses for 12 months.
They set up the LLC and hold the head lease.
They set up all utility contracts.
They set up and do P&L’s for you.
You get paid to attend training. (McDonald’s’ is probably having a good laugh over that one).
All sounds too good to be true doesn’t it? I would love to see the franchise agreement on this. All I can say is caveat emptor. Buyer beware! Yikes…..
R.Stevens
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