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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.
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Aug 24, 2023 · 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.
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.
Jun 7, 2021 · With more franchisees leaving the network, and the world slowly recovering from a major recession, the brand began looking for ways to remain relevant in a shifting consumer landscape. In 2015, a year after filing for bankruptcy, Quiznos launched the Quiznos Grill Concept.
Nov 19, 2023 · Franchises started closing left and right; 1,500 closed from 2008-2010 alone. By 2017, the company only had 400 locations left, having tumbled off a cliff from that 4,700 peak. And that wasn't the end of Quiznos terrible luck.
Quiznos History. 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.
