{"id":2506,"date":"2011-07-10T08:08:16","date_gmt":"2011-07-10T12:08:16","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=2506"},"modified":"2017-01-24T01:30:59","modified_gmt":"2017-01-24T01:30:59","slug":"more-trouble-at-the-troubled-quiznos-franchise-chain","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/more-trouble-at-the-troubled-quiznos-franchise-chain","title":{"rendered":"More Trouble at the Troubled Quiznos Franchise Chain"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The Quiznos located down the street from us was open for about a year and a half, then all of a sudden it closed. Then it opened back up for about 8 months or so.<\/p>\n<p><span style=\"color: #800000;\"><strong>Then it closed again.\u00a0<\/strong><\/span><\/p>\n<p>Then it opened for about 3 months. Now it&#8217;s closed. <strong>Being an ex-franchisee of Quiznos can&#8217;t be too enjoyable.<\/strong><\/p>\n<p>I&#8217;ve written about how things have been <strong><a title=\"quiznos lawsuits\" href=\"https:\/\/www.thefranchiseking.com\/would-you-like-to-buy-a-quiznos-franchise-this-year-good-luck-\">completely dysfunctional<\/a><\/strong> at the Denver headquarters of <strong>Quiznos Restaurants<\/strong>.<\/p>\n<p>I&#8217;m sure that some of the ex-franchisees of the Quiznos Restaurant\u00a0franchise had no idea what they were getting into. Now, I&#8217;m not going to get all crazy here and talk about the fact that these ex-Quiznos franchisees did a horrible job researching their franchises. Obviously, they didn&#8217;t know the proper <strong>franchise research steps<\/strong>. They couldn&#8217;t have talked to <em>that many<\/em>\u00a0Quiznos franchise owners. \u00a0Or, maybe they did, but still invested their $175,000.<\/p>\n<p>Well, things just aren&#8217;t getting better for this submarine sandwich franchise.<\/p>\n<p>According to <strong><a title=\"wsj.com\" href=\"https:\/\/online.wsj.com\/article\/SB10001424052702303544604576434192642538666.html\">The Wall Street Journal<\/a><\/strong>,\u00a0Quiznos just hired the law firm of Paul, Weiss, Rifkind, Wharton &amp; Garrison along with investment bank Moelis &amp; Co. to negotiate with creditors on how to address Quiznos debt load, which may exceed $850 million.<\/p>\n<p>So, what happened? What caused this once fast-growing food franchise to become one of the franchise industry&#8217;s biggest train wrecks? What did the management team in Denver do to rile their franchisees up so much, that some of them ended up filing a class-action lawsuit. <strong><a title=\"quiznos lawsuits\" href=\"https:\/\/www.thefranchiseking.com\/the-quiznos-lawsuit-settlement-number-its-only-206-million\">Read about the $206 million<\/a><\/strong><\/p>\n<p>It may not be over for this once hot franchise opportunity; only time will tell.<\/p>\n<p>I really feel bad for the franchisees that have gone out of business. Maybe they&#8217;ll share their stories, so that other would-be franchise owners can learn from their mistakes.<\/p>\n<p>Heck, maybe even the guy that put \u00a0Quiznos on the map, <strong><a title=\"rick schaden\" href=\"https:\/\/www.westword.com\/2009-03-05\/news\/rick-schaden-accused-of-ripping-off-franchisees-is-back-at-the-helm-of-quiznos\/\">Rick Schaden<\/a><\/strong>, will share <em>his<\/em> mistakes with the world. It wouldn&#8217;t hurt.<\/p>\n<p>Stories like this make me realize that prospective franchise owners really need to get a lot more educated about franchising, including how to choose franchises, and how to do their franchise research.<\/p>\n<p>Maybe I should write <strong><a title=\"become a franchise owner! the book\" href=\"https:\/\/becomeafranchiseowner.biz\/blog\">a book<\/a><\/strong>.<\/p>\n<p><a href=\"https:\/\/www.amazon.com\/gp\/offer-listing\/1118094026\/ref=as_li_tf_tl?ie=UTF8&#038;tag=thefrakin-20&#038;linkCode=am2&#038;camp=217145&#038;creative=399373&#038;creativeASIN=1118094026\">Become a Franchise Owner!: The Start-Up Guide to Lowering Risk, Making Money, and Owning What you Do<\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.assoc-amazon.com\/e\/ir?t=thefrakin-20&#038;l=as2&#038;o=1&#038;a=1118094026&#038;camp=217145&#038;creative=399373\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border:none !important; margin:0px !important;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Quiznos located down the street from us was open for about a year and a half, then all of a sudden it closed. Then it opened back up for about 8 months or so. Then it closed again.&nbsp; Then it opened for about 3 months. Now it&rsquo;s closed. Being an ex-franchisee of Quiznos [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[28,31,26,59],"tags":[258],"class_list":["post-2506","post","type-post","status-publish","format-standard","hentry","category-franchise-news","category-franchise-pr","category-franchise-law","category-quiznos","tag-franchise-public-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More Trouble at the Troubled Quiznos Franchise Chain &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"More Trouble at the Troubled Quiznos Franchise Chain\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/more-trouble-at-the-troubled-quiznos-franchise-chain\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Trouble at the Troubled Quiznos Franchise Chain\" \/>\n<meta property=\"og:description\" content=\"More Trouble at the Troubled Quiznos Franchise Chain\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefranchiseking.com\/more-trouble-at-the-troubled-quiznos-franchise-chain\" \/>\n<meta property=\"og:site_name\" content=\"The Franchise King\u00ae\" \/>\n<meta property=\"article:published_time\" content=\"2011-07-10T12:08:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-24T01:30:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.assoc-amazon.com\/e\/ir?t=thefrakin-20&l=as2&o=1&a=1118094026&camp=217145&creative=399373\" \/>\n<meta name=\"author\" content=\"Joel Libava\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/more-trouble-at-the-troubled-quiznos-franchise-chain#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/more-trouble-at-the-troubled-quiznos-franchise-chain\"},\"author\":{\"name\":\"Joel Libava\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\"},\"headline\":\"More Trouble at the Troubled Quiznos Franchise Chain\",\"datePublished\":\"2011-07-10T12:08:16+00:00\",\"dateModified\":\"2017-01-24T01:30:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/more-trouble-at-the-troubled-quiznos-franchise-chain\"},\"wordCount\":387,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/more-trouble-at-the-troubled-quiznos-franchise-chain#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.assoc-amazon.com\\\/e\\\/ir?t=thefrakin-20&l=as2&o=1&a=1118094026&camp=217145&creative=399373\",\"keywords\":[\"franchise public relations\"],\"articleSection\":[\"Franchise Industry News\",\"Franchise PR\",\"Legalities in Franchising\",\"quiznos\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2011\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/more-trouble-at-the-troubled-quiznos-franchise-chain\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/more-trouble-at-the-troubled-quiznos-franchise-chain\",\"name\":\"More Trouble at the Troubled Quiznos Franchise Chain &#8212; 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Finally, he's been in franchising close to 25 years.","email":"joel@thefranchiseking.com","telephone":"2168312610","legalName":"Franchise Selection Specialists Inc.","foundingDate":"2002-01-20","taxID":"20-1184045","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66","name":"Joel Libava","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","url":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","caption":"Joel Libava"},"description":"I\u2019m The Franchise King\u00ae, Joel Libava. 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Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/2506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=2506"}],"version-history":[{"count":0,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/2506\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=2506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=2506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=2506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}