September 8th, 2008
(FranchisePick.Com) From: QUIZNOS: Saratoga Franchisees Call it Quits
Thank you to our valued customers, but due to economic hardships beyond our control we are now closed.
The sign was taped to the door Friday after the Saratoga Springs, NY Quiznos served the last customer of its 2 1/2 year run. The four partners in the franchise venture […]
By Sean Kelly -- 2 comments
March 12th, 2008
(FranchisePick.Com) According to the Toasted Subs Franchisee Association, Inc. (”TSFA”), an independent Quiznos franchisee organization comprised of hundreds of franchisees from across the United States, there are many class action lawsuits pending around the United States against Quiznos Sub that challenges the company’s business practices as deceptive and unfair.
Siemer, et al. v. The Quizno’s […]
By Sean Kelly -- 2 comments
February 27th, 2008
(FranchisePick.Com) Related reading:
“Quiznos of Fitness” 1-2-3 Fit in Financial Trouble
Article Scrutinizes Quiznos Rick Schaden, 1-2-3 Fit Franchise…
9,509,657 Reasons to Read Disclosure Documents Before Investing
Will the 1-2-3 Fit Franchise be the Quiznos of Health Clubs? Is That a Good Thing?
In Stuart Goldman’s recent article (Lights Out) about struggling 30 minute fitness franchise concepts, failed franchisees […]
By Sean Kelly -- 50 comments
February 27th, 2008
(FranchisePick.Com) The concept of successful franchising is based on creating a win-win-win situation:
The Franchisor organization wins by having franchisees provide the expansion capital and unit-level management.
Franchise owners win by having a proven system, expert guidance and support.
Consumers win the benefits of trusted brands, efficient service and quality products.
Sometimes, the reality is win-lose-lose, […]
By Sean Kelly -- 1 comment
February 15th, 2008
Stuart Goldman of Club Industry’s Fitness Business Pro, a leading health club industry trade publication, has written an extensive and well-researched article on the struggling 30-minute fitness franchise chains and some of the powerful names that were instrumental in putting the match to this “hot new franchise” phenomenon.
I plan to look at particular points of […]
By Sean Kelly -- 5 comments
August 23rd, 2007
(FranchisePick.Com) How Quiznos invented the Everlasting Gobstopper of franchise fraud. Allegedly.
So, you say you want to make $75 million, but you have no special skills, work ethic or motivation? No problem! If you follow this secret formula and these three EZ steps, you will have $75 million in revenue in […]
By Sean Kelly -- 4 comments
August 14th, 2007
According to the Associated Press, Quiznos and one of its most vocal critics has settled their bitter lawsuit, settling a dispute that spans several years. Chris Bray of Killeen, Texas, a multi-unit Quiznos owner and founder of the Toasted Subs Franchisee Association (TSFA) confirmed that he he has resolved his legal disputes with the […]
By Sean Kelly -- 10 comments
July 25th, 2007
(FranchisePick.Com) Beware of any franchise agreement that requires you to find a location by a certain time or forfeit your franchise fee. Canadian Quiznos franchise owners found this lesson out the hard way. A Canadian judge has ruled that Quiznos must return $2M in fees, but franchisees aren’t happy. They’ll only be getting 1/2 to […]
By Sean Kelly -- 3 comments
April 20th, 2007
Sub sandwich franchisor Quiznos fired off a quick response to the press announcements issued in the Illinois class action suit against them (See Quiznos Franchise Lawsuits Just Keep On Coming). This latest lawsuit alleges that Quiznos has “systematically defrauded its franchisees in a scheme designed to build the brand at the expense of its operators in the field.”
The lawsuit contends […]
By Sean Kelly -- 12 comments
April 20th, 2007
Illinois Franchisees File Class Action Suit Against Quiznos Sub
This press release was just issued by Marks & Klein LLP, litigating attorneys.
Also read Janet Sparks interview with Chris Bray, President of the Toasted Subs Franchisee Association, Inc. published on BlueMauMau.org
Illinois Franchisees File Class Action Suit Against Quiznos Sub 2007-04-19 20:23:17 -
CHICAGO, April 19 /PRNewswire/ — A […]
By Sean Kelly -- 33 comments
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