Cousins Subs
Food & Beverage · Quick-Service Restaurants
- Active units
- 41
- Avg unit volume
- $815k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About Cousins Subs
Cousins Subs is dedicated to serving delicious, grilled, and deli-fresh submarine sandwiches that delight customers from coast to coast. Founded on the belief that better ingredients create better meals, the brand takes pride in its commitment to quality, reflected in their tagline, “Better Bread. Better Subs.” Cousins Subs offers a diverse menu featuring a range of options, from classic subs to specialty sandwiches, all made with fresh ingredients. In addition to their mouth-watering sandwiches, Cousins Subs also provides convenient catering services tailored to meet the needs of any gathering, ensuring that no event is too big or small. Customers can easily order ahead through their user-friendly online platform, skipping the line for a hassle-free experience. With a rewards program that allows patrons to earn free subs and sides, Cousins Subs fosters a loyal community. Their dedication to supporting local communities and franchise opportunities further emphasizes their “Local at Heart” philosophy. Join Cousins Subs and experience a delightful subs journey today!.
Key terms
- Franchise fee
$25k
- Development Fee credit (Multi-Unit)
Development Fee credited in $8,750 increments toward the $17,500 initial franchise fee for second and subsequent Shops.
- Brand fund
2.0% of Net Sales
- Local advertising
3.0% of Net Sales
- Footprint
2,000 – 2,400 sq ft
- Multi-Unit Development Agreement
$9k
- Veteran discount
5000.0% off franchise fee — $5,000 discount on the initial franchise fee for veterans who meet VetFran requirements
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2024, 2025, 2026.
Growth
- Total locations34
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate-5.6%
Net unit growth versus prior year
- 3-year unit CAGR-8.9%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$967k
2025 System-wide Average Gross Receipts of Affiliate-Owned Shops
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate4.3%
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$815k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open9 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.2×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 35 of 41 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.