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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.
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.
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.
- Tim Forster
May 30, 2023 · By 1981, Quiznos was a fledgling sandwich joint with big dreams. Two years later, they began selling franchises. This decision spurred rapid growth and allowed them to extend their reach beyond Denver. A mere four years later, the franchise count reached a dozen.
Apr 9, 2024 · On March 2008, about a year and a half after the Quiznos class-action lawsuits started piling up, Subway’s $5 footlong made its national debut. Source: Disney’s ‘Toy Story’. The promotion was immediately a smash hit and by the end of the year, Subway had surpassed a whopping 30,000 locations.
- Keith Donovan
Apr 20, 2022 · When he left the restaurant and opened his own business in 1978, he began experimenting with subs. Just a few years later, in 1981, he founded Quiznos, using his knowledge of the sub sandwiches he had grown up with in his hometown of New York City. Quiznos fans will be happy to know that Lambatos didn't stop there, though.
Aug 21, 2024 · Did Quiznos file for bankruptcy? Yes, Quiznos filed for bankruptcy proceedings in 2014 due to overwhelming debt and declining sales.
