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Dec 15, 2022 · By 2007, franchisees were suing the company over low unit volumes and profits. Then they began closing stores at a rapid clip. In 2014, when Quiznos filed for bankruptcy, it had just 1,000 locations, a number that has shrunk every year since. It is one of the biggest collapses in industry history.
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 · Following the acquisition of the brand by a private equity firm in 2018, the omnipresent Quiznos seemed to disappear. According to WCRZ, there are roughly 150 Quiznos restaurants spread over 35 states in the U.S. compared to the 4,700 stores that were spread across the map 20 years ago.
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.
From a high of some 4,700 locations at its 2007 peak, Quiznos’ unit count now hovers around 165; slightly more than 96% of its system has disappeared. Some experts say the company can’t pull ...
Quiznos was placed under the watch of REGO, which also oversees Taco Del Mar. The brand had 306 U.S. outlets to start 2019, and that number has now dipped below 200. There are expectations that a handful of new locations will open this year with the new design, followed by dozens more in 2023.
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Mar 25, 2020 · As regional economies start to rebound, Quiznos' master franchisee in Latin America is rebuilding the brand's footprint as he looks to capitalize on its position as a ‘premium sandwich brand'