Quiznos
usnook | 2013-08-01 13:52

 

Quiznos
Type Private
Industry Fast food restaurants
Founded 1981
Headquarters Denver, Colorado, U.S.
Key people Stuart K. Mathis (CEO), Greg MacDonald (President)
Products Submarine sandwiches, Salads, other food products
Revenue US$130 million (2004)
Owner(s) QIP Holder, LLC
d/b/a Quiznos
Website quiznos.com


Quiznos is a franchised fast-food restaurant brand based in Denver, Colorado, which specializes in offering toasted subs, although they may be served untoasted at the customer's request. It is the second-largest submarine sandwich shop chain in North America, after Subway.

There are over 4,000 Quiznos shops located in the United States, 300 in Canada, and 100 more scattered across the world, in Brazil, Mexico, Central America, Dominican Republic, Ecuador, the United Kingdom, Ireland, Iceland, The Philippines, Sint Maarten, South Korea, Singapore, Venezuela and the Middle East. In the Middle East, Quiznos has outlets in Saudi Arabia, Oman, Qatar, Bahrain, Egypt and the United Arab Emirates. Quiznos plans to open 15 of its sandwich shops in Kuwait under a master franchise deal. The chain also said it plans to expand to locations in over 40 countries and territories, including Europe, the Middle East, Southeast Asia and Central and South America, by 2012.

Between 2007 and 2009, 1,000 Quiznos stores closed. They are now attempting new strategies to grow the chain back.

History

 


The first Quizno's Subs restaurant

In 1978, Terrell Braly, along with a group of investors, converted a closed Sinclair gas station located at 1275 Grant Street in Denver, Colorado, into a sandwich shop called "Sandwich World". Hussain "Jeff" Jaffarie, the store manager at the time, began the practice of toasting sandwiches in a pizza oven that had been provided by Tombstone Pizza.

In 1979, a competing venue, "Footers Restaurant", opened across the street. Owned by Jimmy Lambatos and Todd Disner, this business offered to buy the larger and better located "Sandwich World" operation. The take-over was accepted in early 1980. The new owners of Sandwich World changed the name to "Quiznos" and began a franchising operation.

In 2002, Wendy's acquired the rights to the brand for franchises in Australia, and later, New Zealand, but were unsuccessful in launching the chain in either country.

Although Quiznos may not have originated the concept of toasted sandwich, many competitors began offering similar sandwiches. Subway and Boston Market began offering toasted subs Boston Market in 2005 and Blimpie in 2006.

As of 2009, Quiznos was a privately held limited liability company.

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