Quiznos Signs 20-Unit Development Deal for Latin America
Company Added
Company Removed
Apply to Request List

Quiznos Signs 20-Unit Development Deal for Latin America

Quiznos Signs 20-Unit Development Deal for Latin America

Quiznos is going south for the winter, expanding into Latin America like never before. The company has signed a 20-unit development deal and plans to open 5 this year, in Costa Rica, Honduras, Panama, Nicaragua, and El Salvador.

In June 2018, High Bluff Capital Partners acquired the once high-flying brand, which had around 5,000 locations at its peak, but was down to about 800 when acquired, with a large number of those surviving restaurants outside the U.S. According to its website, San Diego-based High Bluff is a PE firm specializing in investing in “iconic consumer-facing companies.” It has also been described as a company looking to resurrect once-popular brands, now down at the heels. Its other brand to date is Taco Del Mar, acquired in July 2018.

“As we dive into the next phase of our long-term growth strategy, our Latin American presence is one vehicle to accelerate the reinvigoration of the Quiznos brand and drive further expansion,” said Tom Harper, Vice President of International Development at Rego Restaurant Group, owner of Quiznos. (Rego is a fast-casual restaurant platform backed by High Bluff.) “Along with our trusted and dedicated partner, Master Franchisee Richard Eisenberg, we see considerable potential to benefit from this as a targeted investment approach.”

Eisenberg is president of San Jose, Costa Rica-based QSR International and a longtime Quiznos franchisee. “With the positioning of the Quiznos brand as a ‘cafe-style’ destination concept, consumers in this region are embracing a robust breakfast platform,” said Eisenberg. He also is the CEO of Rightway Brands (Smiling Moose).

In an article in QSR magazine in January 2019, Anand Gowda, Executive Chairman of Rego and Managing Partner of High Bluff Capital Partners, said the company could add “six to 10” more restaurants en route to generating, as a target, north of $50 million of EBITDA.

Stay tuned.

Published: February 13th, 2020

Share this Feature

Dunkin'
SPONSORED CONTENT
Dunkin'
SPONSORED CONTENT
Dunkin'
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
American Family Care
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

LunchboxWax
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Palace, Las Vegas
AUG 31-3RD, 2021

Featured Opportunities

RedBrick Pizza
At RedBrick Pizza (R), old world traditions meet new world recipes to create a better-for-you pizza experience. Baking pizzas to perfection at 1000...
Goldfish Swim School Franchising, LLC
Goldfish Swim School was created to give kids the platform to build essential life skills that will help them make waves in life. It’s an inviting...
Ziebart
Founded in 1959, Ziebart provides premium automotive appearance and protection services to extend the life of vehicles. Recently ranked #1 in its...
PuroClean
Known as the "Paramedics of Property Damage®," PuroClean provides water damage remediation, flood water removal, fire and smoke damage...
Spiffy
Interested in franchising with Spiffy? Learn more about the benefits of franchising today and join us in disrupting the automotive services industry!

Share This Page

Subscribe to Our Newsletters