Quiznos Franchisees Hope for Debt Deal

Guest post by: Sarah Snyder
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The Wall Street Journal reported in December that Quiznos franchisees were eager to hear about their franchisor's future. The sub and sandwich franchise is reported to be in serious financial woe, owning more than $850 million dollars in debt. But the Avenue Capital Group is poised to decrease that tremendous amount by about a quarter. If the deal is approved by creditors, the Avenue Capital Group will own a 70% stake in the company. If the creditors do not approve, however, it seems that Quiznos is facing bankruptcy.

The franchisees' outlook is not so bleak, however. Spokesperson for the Quiznos' Independent Franchisee Association, Keith Rentschler, said in a statement that he is "excited to see the potential of this process moving forward." That is, he's excited to see the company under new ownership. Expanding the brand and improving the business model is something that franchisees are "keen to begin work" on, according to Nation's Restaurant News.

So what does this mean for franchisees looking to buy a Quiznos franchise? It might actually be a great time. The revamp of any company, a chance to be heard in your franchisee association and potentially help with a new business model and brand "packaging" could be exciting for entrepreneurs. Since Quiznos has a great reputation with customers (because of its franchisees), it's still a safe bet to open one.

Quiznos also has one of the fastest available options for opening your restaurant in as little as three months. Many other places can take anywhere from six months to a year. The Quiznos team helps you with everything from scouting a location for your shop to training your employees. If you're looking to get into this lucrative business opportunity now, while the company is rebuilding the brand to be even better, you can check out Franchise Clique. Their team will help you get started and get you all the available information about Quiznos franchising.

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Quiznos Franchisees Hope for Debt Deal

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