Quiznos

Second largest chain of sub restaurants.

Headquarters:
1001 17th St., Suite 200
Denver, CO 80202
Employees: 8,000
CEO: Greg MacDonald

Privately held

Quiznos is the second-largest subway chain in the U.S. behind Subway with more than 4,000 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 with 23 different varieties.

All subs are made on fresh, proprietary breads. The restaurants also sell soups, salads, beverages and breakfast.

The chain has recently introduced a lineup of sandwiches ranging from $3 to $5 including Bullets, Torpedoes and Sammies.

The company has been hurt by the recession and competition from other restaurants with a reported 1,000 locations closing in the last three years. The company also has laid off about 140 workers at headquarters and regional positions at the end of 2010.

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

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 13, 2011

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