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- Several of the new franchisees are opening multiple locations. Plus, at least one franchise group that previously lost faith with the brand is returning to the Quiznos fold again. Parish Patel left Quiznos in 2015 but came back in 2023, signing a new area exclusivity agreement in Arizona.
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Dec 15, 2022 · By 2007, franchisees were suing the company over low unit volumes and profits. Then they began closing stores at a rapid clip. In 2014, when Quiznos filed for bankruptcy, it had just 1,000 locations, a number that has shrunk every year since. It is one of the biggest collapses in industry history.
Aug 5, 2024 · According to C-Store Dive, Quiznos first began making a comeback in 2022 when it partnered with Nebraska-based Pump & Pantry. Four “highly successful” co-located restaurants opened as a result of the relationship, Quiznos stated in an announcement last month.
Jun 7, 2021 · At one point in the early 2000s, Quiznos had it all. Franchisees were signing up in the hundreds, and by 2007 it had over 4,700 U.S. locations, with more than 5,000 worldwide.
Jan 13, 2023 · In June 2022, there were only 170 Quiznos open. The closing of more than 4,000 units happened because “Quiznos had a bad business model, a tough competitor, a devastating recession and a leveraged buyout,” Restaurant Business Online explained in a piece about the company’s downfall.
Aug 19, 2024 · Several of the new franchisees are opening multiple locations. Plus, at least one franchise group that previously lost faith with the brand is returning to the Quiznos fold again. Parish Patel left Quiznos in 2015 but came back in 2023, signing a new area exclusivity agreement in Arizona.
Aug 21, 2024 · Quiznos, once a thriving sandwich empire, has seen a dramatic decline, baffling both consumers and competitors like Subway and Jimmy John’s. This article explores Quiznos’ downfall, focusing on their franchise problems, financial troubles, and market share loss.
Aug 24, 2023 · Quiznos was founded in 1981, and grew to 18 locations before the whole company was sold to one of their franchisees, Rick Schaden. Forbes says he's the one that came up with the bizarre business plan, and it ended up breaking the franchise owners they should have been helping.