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Celebrating its 25th anniversary in 2006, Denver-based Quiznos is an international chain designed for today's busy consumers who are looking for a tasty, fresher alternative to traditional fast food restaurants. Using only premium quality real ingredients, Quiznos restaurants offer creative, chef-inspired recipes for sandwiches, soups and salads. With more than 5,000 franchise restaurants, Quiznos is one of the fastest-growing quick service restaurant chains.
In June 2006, Nation's Restaurant News ranked Quiznos in its Top 100 Restaurant Chains as the #1 restaurant chain in growth in number of units – five years in a row. Entrepreneur magazine in January 2006 ranked Quiznos in its annual Top Franchise 500 as the #2 Best Overall Franchise, and QSR magazine ranked the chain in its Top 50 Chains in August 2005 as #3 by growth in systemwide sales.
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.
New Quiznos Flex Plan To Drive Product Innovation
Quiznos, one of the nation's premier quick service restaurant chains and pioneer of the toasted sandwich, today announced Quiznos' Flex Plan, a pipeline for new product innovation that adjusts based on economic shifts. August 10, 2009 | Read Full Story | Permalink
Quiznos Appoints New General Counsel
Quiznos, one of the nation's premier restaurant chains for sandwiches, salads and soups, and pioneer of the toasted sandwich, today named Pat Meyers as its general counsel. Meyers rejoins Quiznos after two years as a partner and chief legal officer of... July 6, 2009 | Read Full Story | Permalink
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