Industry News | November 19, 2011
Quiznos in Ecuador Opens with Outdoor Seating
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QSR International, the Master Franchisee for Quiznos in Latin America and the Caribbean, is pleased to announce its continued expansion into the South American region with the opening of its third restaurant in Ecuador.
This restaurant, located in City Mall in Guayaquil, Ecuador, is operated by QZ Delifastfood Ecuador S.A., and is the first of three units planned for Guayaquil.
“Quiznos has resonated in the Ecuador marketplace very quickly,” says Juan Jose Crespo, CEO of QZ Delifastfood. “We believe that the quality of our Quiznos product is the best to be found anywhere.”
The City Mall Quiznos offers indoor seating for 36 and seating for 20 on an outside second floor balcony overlooking the Mall.
QSR International is a 115-unit multi-brand Franchisee and Master Franchise Quick Service restaurant developer that conducts business in 14 countries throughout Latin America and the Caribbean. QSR currently has 81 licensed Quiznos restaurants operating in these areas with an additional 18 units under development. QSR International has awarded and sold an additional 24 Quiznos franchises which, through development commitments, will open in the next few years.
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Comments
They have to go where nobody knows them
Because in the US and Canada everyone knows that the vast majority of Quiznos franchisees lose their shirts, and rest are barely getting by. The worst part is that the chain is pretty much bankrupt, all because of the franchisor's extreme greed and incompetence managing a formerly premium brand.
Too little too late. Quiznos
Too little too late. Quiznos is facing a long line of creditors with a declining franchisee roster, declining sales, and declining revenues. The business model used by Quiznos that was so profitable for several years, overcharge franchisees for food and supplies and release a continual blizzard of discounts, no longer works because the pool of potential franchisees has dried up. Not because of the economy but because Quiznos' reputation as a shady operation now proceeds it. In early 2012 the creditors will liquidate Q for the Denver real estate and what little else Q has. It owns nothing else and Dick Schaden and his dada have siphoned off all they could.
2 kinds of people
There are only 2 kinds of folks in the restaurant business: happy ones and mad ones.
Those who are happy are making money and those who are losing money are mad and like to blame everyone else for their failures. The Quiznos model is easy and works well when executed well. Good clean restaurants which control their inventories and treat the customer right are successful........a little local store marketing and community involvement go a long way to increasing sales. But for those lazy operators who are never in their stores (or worse, in their poorly run units doing nothing) keep blaming everyone else.
your wrong!
Sounds like you work for corporate. I am a green store and one of the best in the system. You know my dear friend that the system is broken and everyone at corporate is trying to fix it. Please stop trying to justify the wrong doing of the folks at corporate. I personally know about 30 Quiznos franchise owners (many excellent owners) and none of us are happy.
Wrong isn't right!
This person must have a store that does numbers in the top ten percent. the rest of us are just "hanging on". The Business model is BROKEN, and just plain and simple, doesn't work-PERIOD. How many stores do they really have, a fraction of years past!.
Yes, I agree, they have to go to other countries now because the Americans are on to their tactics.They will NEVER get back what they used to have. Thousands of lives(including mine) have been ruined. Ther have been several suicides, owners that just don't know what to do. There is ZERO support from these people. Call with any problems, and see the response time on a return call which believe me , will never come.
This whole thing is a Maddoff scam, and remember , Bernie is in PRISON. Father and Son should be as well for the atrocities they have done.
We should all collectivley contact a Major Television Network and bring these crimes to light, I believe it is time. I would love to see Papa bear and Baby bear being lead off to the big house someday real soon.
it's not just Quiznos
There are many franchises out there that you can criticise just the same! The profit margin is small in most QSRs, management of percentages is key! Quiznos Corp. is trying to help it's franchisees more today than ever, it's just a matter of time before they regain a good reputation.
were doing alright
We own a quiznos.were making money not as much as we used to, but the entire industry is struggling. if you really believe " it has nothing to do with the economy its quiznos thats the problem" then you should sell your store . Go talk to almost any small business owner they will tell you times are tough but they wont blame quiznos.
I agree that its ok where nobody knows you!
I am a current owner of a GREAT Quiznos. They do have a broken Business model, it just plain and simple DOES'NT WORK. You don't see our competors out "begging" for sales. Lack or should I say, misappropiation of advertising dollars is killing us. Add the new cost increases beginning on Dec. !st,good luck moving forward if like many, many of us, are struggling and ready to go out of business.
We see the increases as another "money grab". They are the greediest company on earth and do NOTHING to support their franchisees, NOTHING. They refuse to return your phone calls if you have any problems whatsoever.
They are going overseas now to deplete some poor saps funds until they can't take a paycheck like thiousnds of us since we opened!! Bernard Madoff is in Prison like Ricky(tricky) and DaDa should be too. This should be brought into the light of the major networks so justice can be served..
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