Quiznos Announces Significant International Expansion
Recent Agreements Signed in UAE, Saudi Arabia, Eastern Europe and Dominican Republic with Letters of Intent Signed in India and Brazil
DENVER--(BUSINESS WIRE)--Quiznos, one of the nation's fastest growing quick service restaurant chains, announced that it will significantly expand its international restaurant operations. The chain has already announced agreements in the UAE and Saudi Arabia. In addition, Quiznos has recently completed deals in Eastern Europe and the Dominican Republic.
Over the last few weeks Quiznos also has completed two important deals. The first is a ten year agreement to develop 100 restaurants in India. Separately, another major agreement in India is currently under negotiation. The second agreement is to develop at least 175 restaurants in Brazil over the next ten years. Discussions are also underway for agreements to introduce the brand in Singapore, Chile and Ecuador. These current and upcoming opportunities should provide enough development opportunities to open at least 500 international restaurants over the next two years
"Quiznos intends to significantly increase its international efforts and expects to achieve continued growth and expansion into new markets around the globe" said David Deno, Quiznos Chief Executive Officer and President.
The company currently has restaurants operating in Canada, Central America, the United Kingdom, Korea and the Middle East.
"The Quiznos brand has been well received internationally," said Mr Deno. "We have found that customers worldwide are clamoring for better quality food offerings, and the Quiznos brand is known for best-in-class quality."
Mr. Deno has 25 years of restaurant experience with Burger King, PepsiCo and YUM Brands. During that time he has spent a considerable amount of time opening and growing successful restaurant businesses around the world.
Celebrating its 27th anniversary, Denver-based Quiznos is a national chain designed for today's busy consumers who are looking for a tasty, freshly prepared alternative to traditional fast food restaurants. Using only premium quality 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 December, the Quiznos management team was named the "Best New Class" by QSR Magazine. In October 2007, Quiznos was recognized for leading the QSR industry in wait time performance by the Mystery Shopping Providers Association's (MSPA) 2007 Wait Time Study. In May 2007, Zagat's consumer surveys listed Quiznos in the top 5 for Top Food, Top Facilities, Top Service and Top Overall, ahead of its direct competitors. 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 change in system-wide sales.
For further information, please visit www.quiznos.com