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Quiznos files for Chapter 11 bankruptcy protection
ap.org ^ | Mar. 14, 2014 1:54 PM EDT

Posted on 03/14/2014 10:58:28 AM PDT by gooblah

Edited on 03/14/2014 11:32:55 AM PDT by Admin Moderator. [history]

DENVER (AP) Denver-based Quiznos has filed for Chapter 11 bankruptcy protection to reduce its debt by more than $400 million.


(Excerpt) Read more at bigstory.ap.org ...


TOPICS: Business/Economy; Culture/Society
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1 posted on 03/14/2014 10:58:28 AM PDT by gooblah
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To: gooblah

Their sub sank..................


2 posted on 03/14/2014 10:59:28 AM PDT by Red Badger (LIberal is an oxymoron......................)
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To: gooblah

The company owns seven of its stores and has $400 million in debt?


3 posted on 03/14/2014 11:02:10 AM PDT by bk1000 (A clear conscience is a sure sign of a poor memory)
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To: Red Badger

They were sandwiched between a rock and a hard place!


4 posted on 03/14/2014 11:02:16 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: gooblah

i can’t believe it won’t affect the franchises. like how suppliers deal with them and such.


5 posted on 03/14/2014 11:03:06 AM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: bk1000
"The company owns seven of its stores and has $400 million in debt?"

I agree - that requires some explanation.
6 posted on 03/14/2014 11:03:48 AM PDT by Steve_Seattle
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To: AEMILIUS PAULUS

Their Po’ Boy got Torpedoed.........
Their Grinder is grounded...................


7 posted on 03/14/2014 11:04:38 AM PDT by Red Badger (LIberal is an oxymoron......................)
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To: Steve_Seattle; gooblah
"The company owns seven of its stores and has $400 million in debt?"

I suspect they used to own a lot more of them, but sold them off as the stores lost more and more money.

The only Quiznos I know of were open for a few years and then closed their doors.

8 posted on 03/14/2014 11:06:30 AM PDT by E. Pluribus Unum (If Barack Hussein Obama entertains a thought that he does not verbalize, is it still a lie?)
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To: Red Badger

You wrote a couple of pretty cold cuts!


9 posted on 03/14/2014 11:07:22 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: AEMILIUS PAULUS

Their Hero was defeated........
Their Hoagie got hog tied.....................
Their Philly Cheese got staked.....................


10 posted on 03/14/2014 11:07:44 AM PDT by Red Badger (LIberal is an oxymoron......................)
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To: Red Badger

Plus they had a half baked business model.


11 posted on 03/14/2014 11:09:06 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Steve_Seattle

That’s about $190k per store.

Might they be financing their franchisees?


12 posted on 03/14/2014 11:11:05 AM PDT by FAA
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To: AEMILIUS PAULUS

Their Rocket got shot down............
Their Blimpie burst...........
Their Tunnel caved in..................
Their Zeppelin did a nose dive..................
Their Cuban got smoked...................


13 posted on 03/14/2014 11:11:19 AM PDT by Red Badger (LIberal is an oxymoron......................)
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To: gooblah

I ate there once. I eat at Del Taco a couple of times a week. You need a good product at a good price to make it in the fast food business.


14 posted on 03/14/2014 11:16:07 AM PDT by InterceptPoint
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To: gooblah

What really sucks is that it is a pretty good sandwich shop compared to the other options around here


15 posted on 03/14/2014 11:16:26 AM PDT by FunkyZero (... I've got a Grand Piano to prop up my mortal remains)
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To: Red Badger

You could see it coming. Long before they hit bankruptcy their buns were toast.


16 posted on 03/14/2014 11:16:27 AM PDT by married21 ( As for me and my house, we will serve the Lord.)
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To: gooblah

There was a Quiznos store one block from where I work. I tried their sandwiches at least 10 or more times before I gave up and returned to Subway (3 blocks further away). They always put too much vinegar in their sauces.


17 posted on 03/14/2014 11:19:20 AM PDT by BuffaloJack (Freedom isn't free; nor is it easy. END ALL TOTALITARIAN ACTIVITY NOW.)
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To: Red Badger

NOOOO! Their subs were great compared to the dry tasteless ones from Subway.


18 posted on 03/14/2014 11:19:34 AM PDT by Brooklyn Attitude (Things are only going to get worse.)
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To: BuffaloJack

There was a Quiznos that closed 2 miles form my house. The thing that struck me was they had 3 people to make a sandwich. One to assemble the sub, another to toast, add the non toastable ingredients and wrap it, and another as cashier. Seemed pretty inefficient.


19 posted on 03/14/2014 11:24:01 AM PDT by Brooklyn Attitude (Things are only going to get worse.)
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To: gooblah

I Blame their crappy ads that looked lke crap and sounded like crap...

20 posted on 03/14/2014 11:30:17 AM PDT by GraceG
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