Quiznos

Second largest chain of sub restaurants.

Headquarters:
1011 17th Street, Suite 200
Denver, CO 80202
Employees: 5,000
CEO: Greg Brenneman

Privately held

Website: http://www.quiznos.com

Career Site

Quiznos is the second-largest subway chain in the U.S. behind Subway. It is has over 3,500 locations in all 50 states and 30 countries.

Quiznos is best known for its 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 sells grilled flatbreads, soups, salads, and beverages.

The initial franchise fee for a prospective Quiznos owner is $10,000 and decreases with second and third units. Royalty fees of 7% are paid to Quiznos.

Quiznos saw over 1,000 stores close to due to poor sales during the past several years. Avenue Capital Group is now the majority owner of the ocmpany.

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 October 13, 2013

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