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Dec 15, 2022 · “We felt it was a no-brainer to go back in.” Patel is returning to the much smaller Quiznos in a big way. He has an agreement to open 30 locations in Arizona over the next seven years, starting with three next year. He expects at least half of those restaurants to be in Quiznos new Qube format.
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.
Jun 13, 2018 · Jonathan Maze. 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.
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 · Quiznos denied any wrongdoing, and in November both the franchisee leading the suit and Quiznos reached a settlement that didn't end with anyone handing over any cash. Franchise Times says their attempts at getting more information just ended with everyone declining to make a statement, but the rest of the owners weren't done yet.
In 1997, Quiznos became the number-three submarine sandwich franchise in the world, with 278 locations in the U.S. and Puerto Rico. The company again went private in June 2001. [ 19 ] In 2005, the company partnered with Ray Wilson to open a new chain of fitness clubs called 123 Fit. [ 18 ]
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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'
