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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 ...
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 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.
Dec 15, 2022 · Patel stuck around until 2015, when he left to open other restaurant franchises. But he says he never stopped believing in Quiznos’ brand or its food. In 2018, the chain was acquired by High Bluff Capital Partners, which installed a new leader in CEO Tim Casey.
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 · Quiznos at the time relied on food and paper sold to its franchisees to make much of its profits. The company owned a subsidiary called American Food Distributors that bought food from vendors and distributed the food to operators. That subsidiary took in $500 million in revenue in 2006.
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Approximately six years later in 1987 after eavesdropping on a remark by a customer, entrepreneur Rick Schaden opened the first franchise in nearby Boulder, Colorado.
