Quiznos in Canada is run independently of the brand's other regional operations, which makes one diligence step genuinely more important here than for most franchise resales: confirming exactly which corporate entity actually holds the Canadian franchisor rights before assuming the seller's existing agreement or franchisor relationship carries over cleanly. As an established but longer-standing system than some newer fast-casual entrants, buyers should also confirm what current brand-standard investment the franchisor expects as a condition of approving the transfer.
Quiznos resales follow the franchisor's own approval process on top of the usual purchase mechanics — here's how the two run together.
Getting approved
The offer sets price and structure, conditioned on franchisor consent and confirmation of which corporate entity actually holds the Canadian franchise rights.
1–2 weeks†The franchisor reviews the incoming buyer's application; because the Canadian system is operated independently, confirming exactly which company needs to sign off on consent is part of this step, not an afterthought.
several weeks, typically†A franchise disclosure document may still be required for this resale — Ontario courts read the resale-disclosure exemption narrowly, so franchisor involvement in the sale can trigger it even where it's called a private deal.
assessed early†Getting to closing
The mall food-court licence or strip-plaza lease needs landlord (or mall operator) consent to assign, timed alongside the franchisor's own review.
2–6 weeks†The incoming owner or a designated manager typically completes the brand's training program before or shortly after taking over.
1–3 weeks†Funds and keys change hands, toaster-oven and prep equipment condition is confirmed, and perishable inventory is counted at cost.
1 day, once conditions are met†Official quiznos.ca franchise-information request page confirms active Canadian franchise recruitment for this sub sandwich brand, independently operated in Canada with an established store network
Ontario locations among its established Canadian network
This is the first real decision in a Quiznos resale — and it changes what you're buying, what you're taking on, and how the franchise agreement moves.
| Question | Asset purchase | Share purchase |
|---|---|---|
| What you buy | The unit's toaster ovens, prep and slicing equipment, leasehold improvements, inventory, and the franchise agreement's benefit, subject to franchisor consent. | The shares of the operating company — every location it holds, and everything it owes. |
| Seller's liabilities | Generally stay behind with the seller's existing corporation. | Generally come with the company, known and unknown. |
| Franchisor consent & ROFR | Required for the specific unit changing hands, from whichever entity currently holds the Canadian franchise rights. | Required for the change of control itself. |
| The lease or food-court licence | Needs landlord or mall-operator consent to assign, timed alongside the franchisor's own approval. | Usually stays in place, unless the agreement has its own change-of-control clause. |
| Brand-standard investment | The franchisor may require equipment or décor updates as a condition of approving a new operator, given how long the system has been operating. | The corporation continues to operate under whatever brand standards are currently in force. |
| Tax angle | Buyer gets a stepped-up cost base on the assets purchased. | Seller may access the lifetime capital gains exemption on qualifying shares. |
The unit's toaster ovens, prep and slicing equipment, leasehold improvements, inventory, and the franchise agreement's benefit, subject to franchisor consent.
The shares of the operating company — every location it holds, and everything it owes.
Generally stay behind with the seller's existing corporation.
Generally come with the company, known and unknown.
Required for the specific unit changing hands, from whichever entity currently holds the Canadian franchise rights.
Required for the change of control itself.
Needs landlord or mall-operator consent to assign, timed alongside the franchisor's own approval.
Usually stays in place, unless the agreement has its own change-of-control clause.
The franchisor may require equipment or décor updates as a condition of approving a new operator, given how long the system has been operating.
The corporation continues to operate under whatever brand standards are currently in force.
Buyer gets a stepped-up cost base on the assets purchased.
Seller may access the lifetime capital gains exemption on qualifying shares.
We tell you which structure fits — before you sign anything.
No open-ended hourly surprises — the cost is confirmed in writing before any work begins.
| Type of work | Fee | How it's confirmed |
|---|---|---|
| Straightforward purchase or sale | Starting from $3,388.87 Our charges · taxes included | Confirmed in writing once we see the agreement. |
| Larger or more complex deal | Quoted to scope | Short call → fixed written quote before any work begins. |
| Searches, filings & third-party fees | At cost | Itemized on your invoice, not marked up. |
A single Quiznos location changing hands between one buyer and one seller, once the correct Canadian franchisor entity has been confirmed.
Start my file →A multi-unit operator adding a location to an existing portfolio, or a resale where confirming the current franchisor entity and brand-standard requirements takes longer than expected.
Book a consultation →Not sure which you are? That's our job to figure out, not yours. As a rough guide, most deals under a couple of million dollars are the first kind — above that, you're usually in Mergers & Acquisitions territory.
Because the Canadian system is operated independently, the party you're actually negotiating consent with — and whose current-form agreement you'll be asked to sign — needs to be confirmed rather than assumed from the seller's existing paperwork. We verify that early, before terms are treated as final.
The system has changed in size over the years, as most long-running franchise brands do. What matters for a resale isn't the historical peak, but the current brand-standard obligations and territory terms the franchisor applies to a transfer today — that's what we confirm before you commit.
Possibly. Ontario courts have read the resale-disclosure exemption narrowly, and franchisor involvement in matching a buyer to a seller can be enough to trigger a full disclosure requirement even where the deal is framed as a private resale.
Age and service history on the conveyor toaster ovens are the main item, since they're a core piece of equipment specific to the format and can be costly to replace — we treat that as a standard diligence line item rather than something to take on faith from a walkthrough.
It depends on what the confirmed franchisor entity is currently offering new or incoming operators — that's part of what we clarify during the application and consent process, rather than assuming the seller's existing term simply transfers.
Related
Where we close franchise resale deals
Treadstone Law is an independent law firm. We act for buyers and sellers of franchise businesses. We are not affiliated with, endorsed by, or retained by Quiznos or its franchisor.
Tell us about your Quiznos resale — we'll point you the right way and confirm the cost in writing before any work begins.