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Toasted-sandwich chain also renovating existing restaurants
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Quiznos, a quick-service restaurant chain specializing in toasted sandwiches, said it plans to develop up to 600 new stores nationwide by the end of this year. The Denver-based company said the added Quiznos locations will include both corporate-owned stores, as well as Quiznos-funded joint-venture ownerships for qualified entrepreneurs. The Quiznos-owned locations represent a departure from the company's traditional franchise model.
“At Quiznos, we have a world-class business model and our belief in that model is so strong we want to increase our corporate profitability by investing in these corporate-owned stores,” said Rick Schaden, founder and ceo. “Establishing a stronger presence of Quiznos-owned stores also allows us to more closely align with our franchise owners, identifying and advancing best practices at the store level to elevate our brand's operations overall.”
In addition to new store development, Quiznos officials say they are updating the chain's brand identity, renovating its in-store design and introducing eco-friendly packaging and practices. Thus far, the company has renovated about 1,100 units, and the company plans to upgrade an additional 2,000 locations within the next 12 months.
“As the economy continues to stabilize and strengthen, we are in a position to ignite real growth for our brand,” said Schaden.
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