Quiznos

Second largest chain of sub restaurants.

Headquarters:
1475 Lawrence Street, Suite 400
Denver, CO 80202
Employees: 8,000
CEO: Greg Brenneman

Privately held

Quiznos is the second-largest subway chain in the U.S. behind Subway. It is one of the fastest growing restaurant chains in the world with more than 5,000 locations in the U.S., Puerto Rico, Guam and 15 foreign countries.

Quiznos is best known for its all-toasted subs made fresh to order and available in three different sizes: small, medium and large.

Greg Brenneman was named President and CEO in January. He was formerly CEO of Burger King.

All subs are made on fresh, proprietary breads. The most popular sub at Quiznos had been the Classic Italian but was recently surpassed by Mesquite Chicken. The restaurants also sell soups, salads, beverages and breakfast.

The initial franchise fee for a prospective Quiznos owner is $25,000 and decreases with second and third units. Ongoing royalty fees, a percentage of each Franchise Owner's sales, are paid to Quiznos.

History

The first Quiznos Sub restaurant opened at 13th and Grant in Denver's Capitol Hill neighborhood in 1981. Rick Schaden overheard a customer say "This is the best sandwich I ever ate!" just before he bought his first franchise in Boulder, CO in 1987. Over the next few years, he purchased two more franchises.

In 1991, he and his father, prominent aviation attorney Dick Schaden of Boulder, bought the franchise operation, which consisted of 18 restaurants.

By 2000, Quiznos opened its 1,000th restaurant.

In May 2006, Cervantes Capital sold part of its ownership in Quiznos to J.P. Morgan Partners, a private equity division of JPMorgan Chase & Co., in order to take the company to the next level. CCMP Capital Advisors, LLC, a private equity firm formed by the former buyout/growth equity professionals of J.P. Morgan Partners, manages the investment for J.P. Morgan Partners. Cervantes Capital, J.P. Morgan Partners and TurnWorks, Inc. now all have equity positions in the Company.

Benefits

Medical Options
Choose from HMO, PPO, and POS plans (depending upon location)

Dental Options - Choice of HMO or PPO
Vision - Insurance and discounts available
Reimbursement Accounts - Pre-tax dollars for your family's needs
Bonus Opportunity - Quarterly review and bonus opportunity

401(k) Plan - Matching savings plans available
Life Insurance - Protection for you and your family
Vacation, Sick Time and Paid Holidays - Time off with pay and six paid holidays per year

Disability Coverage - Short and long term coverage available

Updated January 10, 2007

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