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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.
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.
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.
Aug 24, 2023 · Quiznos denied any wrongdoing, and in November both the franchisee leading the suit and Quiznos reached a settlement that didn't end with anyone handing over any cash. Franchise Times says their attempts at getting more information just ended with everyone declining to make a statement, but the rest of the owners weren't done yet.
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.
Quiznos was back. Or, rather, with the help of TV mascots last seen 19 years ago, Quiznos was announcing its intent to come back.
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Sep 7, 2022 · Quiznos has gone from nearly 4,700 U.S. restaurants in 2006 to just 200 now, plus fewer than 300 internationally, a 90% reduction in total unit count that is unprecedented in restaurant industry history. These days the brand is trying just about everything to stop that decline.