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May 19, 2021 · The sandwich chain had a tough year in 2020. According to Restaurant Business sister company Technomic, its system sales declined 22.5% while unit count fell by 9%. The chain now generates less than $100 million a year in system sales and operates 255 U.S. locations.
Aug 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.
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 24, 2023 · Quiznos restrictive business practices didn't go unnoticed, and in 2006, around 10,000 franchise owners took corporate to court with a class action lawsuit. According to Forbes , they claimed corporate was essentially making them what's termed "captive customers" and forcing them to buy supplies at grossly inflated prices that made it nearly ...
Jun 13, 2018 · 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.
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Jun 7, 2021 · Current interest is promising, at least: in February 2020, it signed a 20-store development deal in Latin America, with locations planned for Costa Rica, Honduras, Panama, Nicaragua, and El Salvador. It’s not worth solely focusing on the failures of a franchise brand, but examining the Quiznos journey can provide some invaluable lessons for ...
