#412
At a Glance
Products & Services: Hot/cold subs, salads, soups, desserts
Number of Locations: 143
Total Investment: $119.2K - 300.8K
Founded: 1972
Began Franchising: 1985
About Cousins Subs
Missing the submarine sandwiches he'd enjoyed growing up, Bill Specht began thinking about opening his own sandwich shop in his new home, Milwaukee. Finally, he teamed up with his cousin, Jim Sheppard, along with their wives, Sandy Specht and Mary Sheppard, to open the first Cousins Subs in 1972. With the help of a local baker, they came up with a unique bread recipe, and bread is now baked fresh several times a day in every Cousins Subs shop.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 127 | 0 | 0 | 16 |
| 2011 | 129 | 0 | 0 | 16 |
| 2010 | 134 | 0 | 0 | 16 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arkansas, Arizona, Florida, Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Midwest, North Dakota, Oklahoma, South, South Dakota, Southeast, Southwest, Texas, Wisconsin.
Arkansas, Arizona, Florida, Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Midwest, North Dakota, Oklahoma, South, South Dakota, Southeast, Southwest, Texas, Wisconsin.
Startup Costs, Ongoing Fees and Financing
Total Investment: $119,200 - $300,800
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $60,000 - $100,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters. Available at franchisee's location. 21 days training total
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Online marketing, marketing consultant
Franchise Ranking History
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