07-20-2011, 06:14 PM
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Too lazy to set a custom title
Industry Role:
Join Date: Sep 2002
Posts: 34,431
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Quote:
Originally Posted by ExtremeBank_Adam
We almost bought a Quiznos a few years back, but decided not to after seeing all of the fees... I don't remember exact figures, but something like $15,000 to transfer to us, a $5000 fee for the landlord of the strip mall to transfer (not Quiznos fault, but a fee nonetheless), 11% off the top goes to Quiznos, and you have to buy their grossly inflated products, meats and veggies.
After all was said and done, if we ran it ourselves and made the same as the previous owner, we would have made only a couple thousand a month profit. If we hired a manager, we would break even at best.
Make sure you look at all of the costs before you sign up...
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not to mention that in every franchise agreement i've ever looked at the franchisor can/will make you re-model the store every 5-7 years. they want a new look and you are forced to pay for it.
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