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Dec 15, 2022 · The momentum, Casey said, is a product of some fundamental changes at Quiznos. The biggest, by far, is the chain’s renewed focus on franchisee economics. Quiznos reduced its royalty rate to 5%, for instance, and eliminated supply chain markups that were hurting operators’ profits.
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 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.
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 ...
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 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.
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Aug 19, 2024 · Several of the new franchisees are opening multiple locations. Plus, at least one franchise group that previously lost faith with the brand is returning to the Quiznos fold again. Parish Patel left Quiznos in 2015 but came back in 2023, signing a new area exclusivity agreement in Arizona.