Cousins Subs

2015 Franchise 500
At a Glance

Products & Services: Hot/cold subs, salads, soups, desserts

Number of Locations: 108

Total Investment: $145.2K - $387.5K

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
2015 86 0 0 22
2014 106 0 0 17
2013 117 0 0 16
2012 121 0 0 16
2011 129 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 Dakota, Texas, Wisconsin.

Startup Costs, Ongoing Fees and Financing

Total Investment: $145,200 - $387,500
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
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
Franchise Fee
Startup Costs
Accounts Receivable

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

Franchise 500®: #461 (2015), #483 (2014), #412 (2013), #384 (2012),