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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.
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As of December 6, 2023, 145 Quiznos restaurants remained in the United States, down from 176 in 2022. [57] [58]
Nov 19, 2023 · It turns out it wasn't just one factor but a colossal mess of ill-advised decisions and worse luck that ultimately doomed the brand in quite possibly the most rapid downfall in chain restaurant history. And it all started with a business model that seemed predisposed to failure.
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.
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.
May 19, 2021 · In short: Quiznos’ domestic unit count is down 94% in 15 years, a remarkable collapse of a chain that at one point operated more units than Dairy Queen and generated about $2.2 billion in system sales and was one of the 30 largest chains in the U.S.
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Jun 7, 2021 · And what does the future look like for Quiznos, following the acquisition of the brand by REGO Restaurant Group in 2018? We spoke to some industry insiders, and REGO themselves, to understand the revealing journey behind this fascinating franchising case study.