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They renamed it the Quiznos Franchise Corp. Rick Schaden became the president and then CEO of Quiznos after the purchase. Quiznos was taken public in February 1994, with an initial public offering of 1,000,000 shares of stock at $5 per share, resulting in a $4.4 million yield.
Back in 1978, the original Quiznos sandwich shop opened in a converted Sinclair gas station, under the name of Sandwich World. The chain eventually assumed its current name, Quiznos, in 1981. That same year, Quiznos began franchising and spreading across the United States.
- 45/49 Burch Road, Northfleet, DA11 9NE, Kent
- info@quiznossub.co.uk
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May 30, 2023 · The origins. Did you know that just a bit over a decade ago Quiznos had over 4,500 locations? And also, did you know they managed to lose 90% of those locations in 12 years? But how? Let’s go back to a simpler time, 1978.
Apr 20, 2022 · This is surely the appeal that many Quiznos franchisees discovered when they signed on the dotted line and found themselves the owners of the brand-new Quiznos in town. But unfortunately, these business owners weren't always too pleased with corporate.
Quiznos was created as a brand in 1981 by Jimmy Lambatos, but it wasn't until 10 years later in 1991, after being sold to Rick and Richard Schaden, that it really took off. The Schadens jumped...
Jun 7, 2021 · Only Subway edged ahead, and Quiznos’ allegedly superior quality (albeit quality that came with a heftier price tag) was elevating the franchise network to unforeseen heights. So how did the brand go from all that to just under 500 global sites?
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.
