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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.
Expansion. Countries with Quiznos operations in 2022. In 1983, the restaurant started offering franchises to facilitate expansion, [14][15] under the name Quiznos American, Inc. By 1987, 12 Quiznos restaurant locations were operating in the United States.
May 30, 2023 · In ‘97, Quiznos had carved its name as the third-largest submarine sandwich franchise in the world, boasting 278 locations in the U.S. and Puerto Rico. In ‘98 they expanded to Canada, and in ‘99, the UK.
Apr 9, 2024 · Its franchise offering and IPO in 1994 would lead to the chains’ eventual expansion to over 5,000 locations worldwide at its peak. But as of 2024, there are less than 400 locations opened globally and less than 200 locations in the United States.
- Keith Donovan
Jun 13, 2018 · On Monday, Quiznos was sold to an investment firm out of San Diego. This has given me time to tell the story of one of the biggest restaurant chain collapses in industry history. Between 2007 and 2017, Quiznos shrunk from 4,700 U.S. locations to fewer than 400.
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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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 ...
