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Dec 15, 2022 · Parish Patel left in 2015 as the sandwich chain collapsed. His return is part of a hopeful new era for Quiznos. By Joe Guszkowski on Dec. 15, 2022. Quiznos' new Qube format helped convince Patel to give the brand another shot. / Image courtesy of Quiznos.
Jun 7, 2021 · Only Subway edged ahead, and Quiznos’ allegedly superior quality (albeit quality that came with a heftier price tag) was elevating the franchise network to unforeseen heights. So how did the brand go from all that to just under 500 global sites?
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.
Apr 9, 2024 · So, what happened to Quiznos? Ultimately, extractive franchisee systems and policies including price gouging and store cannibalization, put in place by then Quiznos owner and CEO Rick Schaden, led to unprofitable operators.
- Keith Donovan
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.
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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.
