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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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With more franchisees leaving the network, and the world...
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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.
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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.
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]
Jan 13, 2023 · The sandwich chain had a fall from franchising grace but is aiming for a resurrection. In the early 2000s, Quiznos was a premium-choice sandwich chain, a top competitor of Subway and a franchise with nearly 5,000 locations worldwide in 2006.
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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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. And by ‘02, they sold the rights to franchises to Wendys for Australia and New Zealand and expanded to Mexico; But then came the mid ...