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Zero's Subs
2859 VA Beach Blvd., # 105
Virginia Beach, VA 23452
800#: (800) 588-0782
Tel: (757) 486-8338
Fax: (757) 486-9755
E-Mail: [email protected]
Web Site: www.zeros.com
Contact: Mr. Martin Palacios, President
Quick-service restaurant specializing in hot, oven-baked submarines, philly cheesesteaks and pizzas. We cater to families and offer kids' meals. Catering and party subs complement any special event. Our uniqueness brings customers back again and again.
Franchisor Background
Established: 1967
First Franchise: 1993
Franchise Units: 65
Company-Owned Units: 0
Total Units: 65
Distribution:
U.S. -- 60;
Canada -- 0;
International -- 5
-North America -- Operations in 11 States
-States/Provinces with Greatest Density: 45 in VA
Projected New Units Over Next 12 months: 20
Franchisee Qualifications: 3, 4, 5, 3, 3, 5
(Click here for an explanation)
Registered in Following Registration States: CA, MD, VA (Click here for an explanation)
Average Number of Employees: 4 FT, 3 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,500 SF; FS, SF, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $50-75K
Total Investment: $50-150K
Average Total Investment: $135.0K
Minimum Net Worth: $150K
Fees:
-Franchise: $20K
-Average Franchise Fee: $20.0K
-Royalty: 5%
-Average Royalty: 5.0%
-Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Discouraged
Area Development Agreements: Yes/25
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 10
On-Going Support: C,d,E,F,G,H,I (Click here for an explanation)
Training: 2-3 Weeks in Virginia Beach, VA.
Franchisor's Specific Expansion Plans
U.S.: East Coast and SW
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
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