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Jun 7, 2021 · With more franchisees leaving the network, and the world slowly recovering from a major recession, the brand began looking for ways to remain relevant in a shifting consumer landscape. In 2015, a year after filing for bankruptcy, Quiznos launched the Quiznos Grill Concept.
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With more franchisees leaving the network, and the world...
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May 30, 2023 · The expansion. By 1981, Quiznos was a fledgling sandwich joint with big dreams. Two years later, they began selling franchises. This decision spurred rapid growth and allowed them to extend their reach beyond Denver.
In 1983, the restaurant started offering franchises to facilitate expansion, [14] [15] under the name Quiznos American, Inc. By 1987, 12 Quiznos restaurant locations were operating in the United States.
Dec 15, 2022 · Patel stuck around until 2015, when he left to open other restaurant franchises. But he says he never stopped believing in Quiznos’ brand or its food. In 2018, the chain was acquired by High Bluff Capital Partners, which installed a new leader in CEO Tim Casey.
Approximately six years later in 1987 after eavesdropping on a remark by a customer, entrepreneur Rick Schaden opened the first franchise in nearby Boulder, Colorado.
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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.
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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.
