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Jun 7, 2021 · Unfortunately, the brand instead launched ill-advised promotions like free sandwich coupons; incentives that would see franchisees take a further financial hit. This, inevitably, led to more and more individuals leaving the network, with a reported 1,000 stores closing between 2007 and 2009.
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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.
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.
Quiz Holdings, LLC, doing business as Quiznos, is an American franchised fast-food restaurant based in Denver that specializes in offering toasted submarine sandwiches. It was founded in 1981 by Jimmy Lambatos and sold to Rick and Richard Schaden ten years later.
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.
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 ...
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Apr 9, 2024 · The franchise was one a rocket ship and foot traffic was booming. Meanwhile, Quiznos who had just surpassed 5,000 locations, attempted to fight back with discounts and promotions of their own. One such promotion, launched in February 2009, was a coupon offering one free, small sub per customer.
