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Cousins Subs

Over 33 years of excellence describes our Eastern-Style submarine sandwich concept. Our COUSINS SUBS niche is offering a quality submarine sandwich 25% larger than most of our competitiors. Hot and cold subs are highlighted by our freshly baked bread, delicious soups and garden salads made to order! The value and portability of our products promote leveraging outside sales to bottom line profitability. We have high expectations for 2009 and invite you to learn more about our exciting franchise opportunities. We offer single unit and multi-unit franchises.

Franchisor Background

Year Established:

1972

Franchising Since:

1985

IFA Member

Operating Units:
Franchised Units:	133	92.4%
Company-Owned Units:	11	7.6%
	______	_____
Total Operating Units:	144	100%

Geographic Distribution:
U.S.:	149	100%	In 6 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	149	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Wisconsin	128
2. Arizona	11
3. Minnesota	6

Registered in Following Registration States:

California, Illinois, Indiana, Michigan, Minnesota, North Dakota, South Dakota, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$300K
Cash Investment:	$80-100K
Total Investment:	$106.7-288.3K
Average Total Investment:	$198K

Fees:
Initial Franchise Fee:	$25K ($12,500 through 2009)
Average Franchise Fee:	$25K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	2%

Average Number of Employees:

2 Full-time, 12 Part-time

Space Needs (in square footage):

1,250-1,600

Preferred Sites:

Free-standing Building, Storefront, Strip Center

Other Sites:

C-Store

Encourage Conversions?

Yes

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	40
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct

Marketing Support:
Co-Op Advertising:	Yes
National Advertising:	Yes
Regional Advertising:	Yes
Local Advertising:	Yes
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees

Training:
1. Headquarters	3 Days
2. Training Store	30 Days
3. Franchisee Store	10 Days

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	5
General Business Experience:	4
Specific Industry Experience:	3
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	4

Minority Representation

Units Owned by Minorities:
African-American:	6
Asian-American:	21
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, IL, MI, MN, WI, AZ
Canada:	No
Overseas:	No

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Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: