Quiznos Franchise Overview
About Quiznos
Denver-based Quiznos is a chain designed for today’s busy consumers who are looking for a high quality, tasty, freshly prepared alternative to traditional fast-food restaurants. With locations across the United States and 34 countries, Quiznos is one of the world’s premier quick-service restaurant chains and pioneer of the toasted sandwich. Quiznos restaurants offer creative, chef-created sandwiches and salads using premium ingredients. Quiznos was founded in 1981 by chefs who discovered that toasting brought out the best in every sandwich ingredient.
Franchise Details: | |||
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Founded: | 1981 | ||
Corporate Office: | Quiznos Corporate Office 1475 Lawrence Street, Suite 400 Denver, Colorado 80202 |
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Industries: | Food, Deli, Sandwich, American Food, Gourmet |
Franchise History
The first Quiznos Sub restaurant opened at 13th and Grant in Denver’s Capitol Hill neighborhood in 1981. In 1987, after overhearing a comment by a customer, Rick Schaden opened the first franchise in Boulder, Colorado. In 1991, Schaden and his father purchased the entire franchise operation. In December 2001, Quiznos, which at the time was a lightly-traded public company 60%-owned by the Schadens, went private, at a $8-per-share price considered low by several of its shareholders. The disgruntled shareholders sued; their suits were settled in September 2004, with Quiznos paying them another $7.35 per share after fees. In 2003, Quiznos began to expand in earnest in Canada, where it had established a small foothold a couple of years earlier. Quiznos has very aggressively pursued potential franchisees in Canada, and some cities (such as London, Ontario and Windsor, Ontario) have gained up to 10 franchises within a very short time.