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Jun 7, 2021 · Hopeful overseas beginnings. The year is 2001, and Quiznos has just launched in Europe. Opening its first U.K. site in Peterborough, Quiznos has now been operating under father-and-son duo Rick and Richard Shaden for a decade.
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Hopeful overseas beginnings. The year is 2001, and Quiznos...
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Dec 15, 2022 · Quiznos had more than 4,000 locations and counting and had emerged as a threat to Subway thanks to its unique toasted subs and edgy marketing. The good times did not last long. By 2007, franchisees were suing the company over low unit volumes and profits. Then they began closing stores at a rapid clip.
Aug 24, 2023 · That's a lot for any chain to recover from, and Quiznos' fate is still very much up in the air — especially when other sub chains are only expanding. It wasn't long ago that Quiznos was a pretty big deal. Now, they've closed more than 90 percent of their stores in the last decade. Here's why.
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.
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 ...
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.
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Jun 10, 2024 · Around the same time, there was a widely-reported case where a Quiznos franchisee took his own life out of anger at the company, further publicizing the problems with its business model. How Quiznos unraveled from there