Joel Libava
On Quiznos.
Well for one, the Quiznos franchise group just hired Stuart Mathis, a franchise industry veteran, as it’s new President and CEO. Mathis was the President of The UPS Store network, a position he held for 10 years. He helped The UPS Store double-digit same store sales growth and recruited tons of new franchisees.
But, can he turn Quiznos Subs around? Rick Schaden tried a couple of times, and he was one of the original bosses.
And what about if you’re a franchise buyer looking for a fast food franchise opportunity? Should Quiznos be on your list?
Update: Tim Casey is now the CEO. Things didn’t work out for Mathis.
That said, the question of what happened to Quiznos is a very popular one outside of the franchise industry. Inside the industry; not so much.
Many Of Us Knew About Quiznos
The franchise community isn’t a huge one. It operates more like a small town than a thriving metropolis. In other words, secrets don’t stay secrets for very long. Case in point, the extreme dysfunction that’s defined the Quiznos Subs franchise for years.
A lot of people got wind of some of the things that were taking place in Denver, but like good soldiers, most said nothing. (Quiznos headquarters is located in Denver, Colorado.) If you want to know a little more of what I’m referring to, check out this Huffington Post article.
Local Quiznos Near Me Have Disappeared
Don’t think that I’m never asked about Quiznos. I am. A lot.
“Joel, do you know why the Quiznos at Cedar Center closed? (Cedar Center is a shopping center located near The Castle)
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“Honey, what happened to the Quiznos up the street? (Question from my wife)
“Joel, should I buy a Quiznos? (Heck I don’t know. Why would you aks me?)
Twice
The Quiznos near me (located up the street) closed twice.
That’s right; the Quiznos Subs franchise restaurant near my Castle opened and closed twice. Nothing like confusing the market. And, it’s too bad; my wife and my daughter loved those toasted subs.
Me; not so much.
To all the current franchisees of Quiznos:
Best of luck…I hope your current CEO can turn things around.
Another Update!
From the Quiznos Franchise website, 2022:
“This is the most exciting time in the history of Quiznos,” says Mark Lohmann, President of Quiznos. “We’re confident that when we look back on Quiznos in 2022, a few years from now, we’re all going to be looking back on the rebirth of a great brand.”
Oooookay.
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