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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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Dec 15, 2022 · In 2018, the chain was acquired by High Bluff Capital Partners, which installed a new leader in CEO Tim Casey. He and President Mark Lohmann set about revamping Quiznos with a new, operator-first model they hoped would right past wrongs and return the long-suffering chain to growth.
Aug 24, 2023 · That was in 2004, and according to the Long Beach Post, that was when Quiznos ended Baber's franchisee agreement. By 2005, Baber was slated to go to Denver to argue his claims.
In 1997, Quiznos became the number-three submarine sandwich franchise in the world, with 278 locations in the U.S. and Puerto Rico. The company again went private in June 2001. [ 19 ] In 2005, the company partnered with Ray Wilson to open a new chain of fitness clubs called 123 Fit. [ 18 ]
Jun 13, 2018 · Quiznos made the mistake of trying to compete by discounting. Maybe the most famous came in 2009, when the company sent out a coupon for a free sandwich, and franchisees, angry at the discounts and low profits, revolted and refused to accept the coupons. Customers got angry, and Quiznos' problems got worse.
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 9, 2024 · Quiznos’ franchise model was a significant contributor to its eventual decline. The company’s approach, marked by high franchise fees and stringent operational controls, created a tense ...
