Are you interested in opening your own Quiznos franchise? If you've got a desire to run your own business and you think a Quiznos sandwich franchise might be the way to go, there are things you need to know before you make your final decision. While the idea of starting your own franchise business may seem overwhelming, it doesn't have to be. The important thing at the outset is to research the history of the franchise at the outset to find out your odds of success. You must also be sure you meet the exact requirements to open the franchise and obviously financing is also extremely important. What kinds of financing alternatives are available for those who wish to open their own Quiznos franchise? This page will provide information on all of these things and more, including exact requirements needed to proceed with starting your own Quiznos franchise. Read on to learn more about how to open a Quiznos franchise.

Quiznos is a fast food restaurant chain that offers toasted submarine sandwiches, salads and soups. It is one of the largest sandwich franchises in the world. Quiznos has been consistently ranked among the more promising franchise operations by Entrepreneur magazine. In 2009, the franchise was listed 50th in the magazine's annual listings of the 500 most popular franchises in the United States.http://www.entrepreneur.com/franchises/rankings/franchise500-115608/2009,-1.html

When deciding whether to open a Quiznos franchise, it is important to do research and learn the basic history of the restaurant to determine how well it has grown and how successful the Quiznos chain of fast food restaurants has been (and will continue to be). The first Quiznos restaurant was opened by Rick Schaden in 1981 in Denver, Colorado. In the years that followed, Schaden began opening Quiznos franchises first in Colorado and then throughout the United States. By 2004, Quiznos had become one of the biggest fast food sandwich chains in the U.S., with annual sales exceeding $200 million.http://www.quiznos.com/subsandwiches/About/history.html Today, the chain has continued to expand to include more than 5,000 Quiznos restaurants around the world.http://www.quiznosfranchises.com/top-food-franchise-faqs

Quiznos says it's most popular high traffic times are at lunch, so locating a Quiznos near an area where workers will be stopping to catch a bite during the workday is something to consider. This may include opening a Quiznos near a hospital or a large office building. Once you decide you'd like to start a Quiznos franchise, the company will begin walking you through the process. If you meet the requirements, you will meet with a real estate expert who will help you with leasing options and/or construction of your new Quiznos restaurant. In addition, Quiznos offers extensive training for new franchise owners. Franchisees will be required to complete online courses in addition to training in an actual Quiznos restaurant. New franchise owners will also spend approximately one week at Quiznos University in Denver, Colorado, learning how to run a restaurant successfully.http://www.quiznosfranchises.com/top-food-franchise-faqs

For those hoping to buy their own Quiznos franchise, there are certain minimum requirements that must be met. In addition to the required training courses, a potential Quiznos owner must also meet specific financial requirements.

• Quiznos franchise owners must have a minimum net worth of $125,000 in order to open a business, according to Entrepreneur magazine.http://www.entrepreneur.com/franchises/quiznossub/282737-0.html This includes a cash liquidity of approximately $70,000.

• A minimum credit score of 670 is a requirement.http://www.quiznosfranchises.com/top-food-franchise-faqs#talkMoney

• All total, Quiznos says the initial investment in the franchise ranges from between $187,800 and $341,800. This amount does not include the cost of renting space for the business.http://www.quiznosfranchises.com/top-food-franchise-faqs#talkMoney

• Fees: The fee for a new Quiznos franchise is $25,000. If you own more than one Quiznos franchise, this fee may be reduced.http://www.quiznosfranchises.com/top-food-franchise-faqs#talkMoney

• Agreement terms: Quiznos franchise owners will sign a 15-year renewable term of agreement with Quiznos. The royalty fee is approximately 7 percent.http://www.entrepreneur.com/franchises/quiznossub/282737-0.html

While the start up costs and financial requirements might seem overwhelming to potential franchisees, Quiznos does offer certain financing alternatives. These options can help to ease the financial burdens that many new franchise owners face.

For those who meet the initial franchise requirements, Quiznos will help to provide information about third party lenders who might be able to help potential Quiznos owners with money issues.http://www.quiznosfranchises.com/top-food-franchise-faqs#talkMoney Third party lending may be available to cover such costs as franchise fees, inventory, equipment and start up fees.http://www.entrepreneur.com/franchises/quiznossub/282737-0.html

Information about financial projections will be provided so franchisees can provide a banker with accurate facts and figures.http://www.quiznosfranchises.com/top-food-franchise-faqs#talkMoney