Quiznos Sub Franchise: A Comprehensive Overview
Quiznos Sub is a popular submarine sandwich franchise with over 4,000 locations worldwide. The company was founded in 1981 in Denver, Colorado, and has since grown to become one of the largest sub sandwich chains in the United States.
Franchise History and Growth
Quiznos Sub was founded by Jimmy Lambatos, who opened the first location in Denver, Colorado. The company quickly gained popularity due to its unique toasted sandwiches and variety of toppings. In 1991, Quiznos began franchising, and by 1995, the company had over 1,000 locations.
In the early 2000s, Quiznos continued to expand rapidly, and by 2007, the company had over 4,000 locations. However, the company began to face financial difficulties in the late 2000s, and in 2014, Quiznos filed for bankruptcy.
After emerging from bankruptcy, Quiznos was acquired by High Bluff Capital Partners, a private equity firm. Under new ownership, Quiznos has been working to improve its financial performance and expand its franchise network.
Quiznos Sub Franchise Model
The Quiznos Sub franchise model is based on a traditional franchise agreement. Franchisees pay an initial franchise fee, as well as ongoing royalties and marketing fees. In return, franchisees receive access to the Quiznos brand, operating system, and training.
Quiznos offers a variety of franchise opportunities, including:
- Traditional brick-and-mortar locations
- Non-traditional locations, such as airports and college campuses
- Food trucks
- Catering operations
Target Market
Quiznos Sub targets a wide range of customers, including:
- Families
- Young adults
- Business professionals
- Travelers
The company’s menu features a variety of sandwiches, salads, and sides that appeal to a variety of tastes.
Competitive Advantages
Quiznos Sub has a number of competitive advantages, including:
- Strong brand recognition
- Unique toasted sandwiches
- Variety of toppings
- Convenient locations
The company also benefits from its large franchise network, which allows it to reach a wide range of customers.
Financial Performance
Quiznos Sub has been financially challenged in recent years. In 2014, the company filed for bankruptcy. However, under new ownership, Quiznos has been working to improve its financial performance.
In 2019, Quiznos reported system-wide sales of over $500 million. The company also reported a positive EBITDA (earnings before interest, taxes, depreciation, and amortization).
Conclusion
Quiznos Sub is a popular submarine sandwich franchise with a long history of success. The company has faced some financial challenges in recent years, but under new ownership, Quiznos is working to improve its financial performance and expand its franchise network.
