Zero's Subs

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.

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

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

• 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

Franchise 500® rank:
#407 (2008); #278 (2007);

America's Top Global Franchises:
#184 (2007);