Bottom line
- Total investment $214K – $649K including a $5K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $394K/year (median $369K).
- Rated MODERATE with a risk score of 56/100. SBA loan default rate of 0.0% across 2624 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Quiznos unit return on the cash you put in?
Unlevered ROIC · per unit
12%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Quiznos units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$552K
on $2.8M purchase
Total debt
$2.2M
SBA $1.4M + senior + seller note
Overview
About
Franchisees operate quick-service submarine sandwich restaurants where customers order freshly made toasted subs with customizable toppings. Day-to-day operations include food preparation, inventory management, staffing, cash handling, and customer service during lunch and dinner rushes.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 23 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Quiznos presents elevated risk due to system contraction, historical fraud litigation, undisclosed profitability data, and unprotected territory in a declining sandwich category.
Score breakdown · what drove the 56 / 100 rating
- 01MINORDeclining unit count (-1.9% YoY) indicates system contraction and possible franchisee struggles
- 02MEDNo disclosed net income data prevents accurate ROI assessment despite $393,944 average revenue
- 03HIGHCompleted litigation (2014-2015) for fraudulent schemes and racketeering raises historical trust concerns
- 04MINORUnprotected territory creates direct competition risk from other Quiznos locations
- 05MINORWide investment range ($213,900–$648,800) with vague cost breakdown suggests inconsistent unit economics
- 06MINOROnly 152 units remaining suggests significant attrition from peak system size
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
100 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Quiznos · FDD (2025) PDF