|
Below is an in-depth analysis and side-by-side comparison of Quiznos vs Jon Smith Subs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $24,100 - $341,800 | $309,500 - $887,760 |
Franchise Fee | $25,000 | $39,500 |
Royalty Fee | 7% | 6% |
Advertising Fee | - | 3% |
Year Founded | 1981 | 1988 |
Year Franchised | 1983 | 2007 |
Term Of Agreement | 15 years | 20 years |
Term Of Agreement | 15 years | 20 years |
Renewal Fee | $1K | $1K |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing store |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is allowed. | Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |