When you agree to become a franchisee, you sign a lot of documents that give the franchiser significant say over how you run your business.
This is both a good thing and a bad thing. It is a good thing because most major franchises are major franchises for a reason, they’re big corporations that know how to make money, and their policies are there so that their franchisees make money (if their franchisees make money, they make money.)
It’s a bad thing because you are going to own a business–and one of the dreams of owning your own business is being your own boss. But you’ll also have development agents/compliance agents at cetera (different companies call them different things) who will come in monthly or sometimes even more to make sure you are complying with franchise policies.
If you aren’t, and you are found in non-compliance long enough they can seize your business, you agree to this when you sign on with many franchises.
Usually compliance isn’t a big issue, especially if you hire someone to manage your store that has experience in that franchise.
Depending on how much money you have, you may need to effectively work at the business as a regular employee.
I don’t have detailed information about every franchise.
I do know that the average revenue per week of a Subway is around $9500. I wouldn’t expect a Quiznos to be much out of that ballpark. That’s around $470k a year BUT that is before you pay all of your staff, factor in your food costs, factor in income taxes, factor in payroll taxes, and of course the other costs of being in business.
A friend of mine who owns multiple Subways says owning one Subway is basically like you’ve bought yourself a job. Depending on the individual Subway you may clear somewhere between $45,000-80,000 a year at that one location. So you’re basically making in a range that is firmly middle class.
While on the topic of sandwich joints, I honestly have a negative view of most of them. Both Subway and Quiznos are guilty of drastically over saturating markets. Remember, the corporation gets their franchise fee on every dollar you make–so to them, it doesn’t matter if they have two stores right next to each other as long as both stores combined make them more money than the one store operating by itself–the fact that the owner of the first store may see his take home get cut in half is irrelevant to Subway/Quiznos (Subway’s fee is 12.5% of sales FYI.)
Other franchisers seem to care a bit more about giving their franchisees a decent exclusive area to operate in so they don’t have to compete as much against other franchisees. Probably the worst thing about Subway/Quiznos is your biggest competition may be other Subways/Quiznos in the area.
I’m not trying to turn anyone against sandwich shops, but I think there is a reason the average person who is a millionaire off of them owns many of them–you have to in order to clear that kind of profit.
Also, generally, the larger your investment the more profit you’ll make in a year. If you become a franchisee for one of the medium-sized pub/eatery franchises, your initial investment will be $500,000+, but you’ll clear more money in a year than probably 7-8 or more Subways combined.