Zero's Subs
Subs, pizza, wrapsBackground
Founded: 1967 Franchising since: 1996
Zero's Subs was founded by Gene Schmidt in 1967 as a sub shop catering to tourists in Virginia Beach, Virginia. In 1989, Zero's began franchising. It has more than 75 locations throughout the United States and internationally. The public company, which is still based in Virginia Beach, is part of the American Kiosk Corp. and has a co-branding relationship with Dairy Queen.
Franchisor is a publicly-held company with 10 employee(s); 3 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 1 million population
Zero's Subs was founded by Gene Schmidt in 1967 as a sub shop catering to tourists in Virginia Beach, Virginia. In 1989, Zero's began franchising. It has more than 75 locations throughout the United States and internationally. The public company, which is still based in Virginia Beach, is part of the American Kiosk Corp. and has a co-branding relationship with Dairy Queen.
|
2859 Virginia Beach Blvd., #105 Virginia Beach, Virginia 23452 |
Phone: (757)486-8338 |
Franchisor is a publicly-held company with 10 employee(s); 3 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2008 | 49 | 0 | 0 | 0 |
| 2007 | 55 | 0 | 0 | 0 |
| 2006 | 60 | 0 | 6 | 0 |
| 2005 | 50 | 0 | 5 | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 1 million population
Costs and Fees
|
Total investment: $137.9K-242.3K Franchise fee: $20K |
Ongoing royalty fee: 5% Term of agreement: 15 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
Third-party financing source(s): MidAtlantic Small Business Brokers
Qualifications
Net worth requirement: $75K-100K
Cash liquidity requirement: $50K
Business Experience:
- Industry experience
- General business experience
Operations
- Number of employees needed to run franchised unit: 10
- Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- Available at headquarters: 2 weeks
- At franchisee's location: 80 hours
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Field operations/evaluations
Marketing Support
- Ad slicks
- National media
Other marketing support
- PR firm