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Jun 13, 2018 · A brief history of Quiznos’ collapse. The once high-growth chain is an example of what happens when restaurant systems don’t focus on operator health, says RB’s The Bottom Line. By Jonathan Maze on Jun. 13, 2018. Jonathan Maze. On Monday, Quiznos was sold to an investment firm out of San Diego.
Quiz Holdings, LLC, doing business as Quiznos, is an American franchised fast-food restaurant based in Denver that specializes in offering toasted submarine sandwiches. It was founded in 1981 by Jimmy Lambatos and sold to Rick and Richard Schaden ten years later.
Aug 21, 2024 · August 21, 2024. Quiznos, once a thriving sandwich empire, has seen a dramatic decline, baffling both consumers and competitors like Subway and Jimmy John’s. This article explores Quiznos’ downfall, focusing on their franchise problems, financial troubles, and market share loss.
May 7, 2024 · Quiznos, the toasted sandwich chain, has been struggling to stay afloat in recent years. As of 2022, the company has filed for Chapter 11 bankruptcy protection, leaving many wondering if they...
Aug 19, 2024 · It was in 2022 that Quiznos finally opened itself up to new franchisees again after a long dry spell. Whereas it previously hadn't had new franchisees in over 10 years, it made around 100 new agreements the first year it started franchising again. While it's a slow start, it's still a start.
Jun 10, 2024 · At its peak around 2006, Quiznos had about 5,000 restaurants - but by 2024, the chain has all but collapsed, with under 150 locations left in the U.S. The reason for Quiznos' precipitous downfall seems to be more about poor management and poor sandwich sales rather than changing tastes.
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Aug 24, 2023 · Quiznos didn't just get outdone by their competition, they made some catastrophic business decisions that make part of their huge downfall one of the strangest stories of restaurant failure in the country.