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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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Jun 13, 2018 · 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.
Aug 24, 2023 · Even after Quiznos paid out more than $300 million, the relationship between corporate and franchisee was far from mended. In 2013, The Denver Post was reporting on another set of lawsuits, which basically stated Quiznos was still overcharging franchisees for the products they were forced to buy through corporate.
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 ...
Between 2007 and 2009, 1,000 Quiznos stores in the United States closed. [45] After the closure of around 2,000 restaurants during the Great Recession, a majority stake in the company was purchased by Avenue Capital Group of New York in January 2012.
Jan 13, 2023 · VettedBiz data shows there were 69 outlets closed in 2018, 26 in 2019 and 50 in 2020. However, the brand announced plans for a redesigned concept in 2022, a sign that Quiznos is not yet ready to admit defeat.
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May 30, 2023 · 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. A mere four years later, the franchise count reached a dozen.
