Comments on: QUIZNO’S: Rick Schaden, CEO… He’s Ba-a-a-ck!

By: Sean Kelly

Sean Kelly — Sun, 29 Nov 2009 16:17:52 +0000

I’m the post author. If you’d like to exchange email addresses with each other, email me confidentially at unhappyfranchisee[at]gmail.com with permission to provide the other with your email addy.

By: roger

roger — Sun, 29 Nov 2009 05:38:38 +0000

Do you have an email address where I can get in contact with you? I have lost thousands and am in contact with a lawyer. I had to go bankrupt myself. I am hoping to be released very shortly. Then I was instructed to return to my lawyer to review my documentation.

By: John

John — Fri, 30 Oct 2009 23:00:45 +0000

Please run as fast and as far as you can from any Quiznos franchise purchase. I’ve had a number of successful businesses over the years so I know how to read financials. I spent 3 months in the summer of 2006 going over the numbers of an existing Quiznos franchise in Omaha. I bought it relatively inexpensively at $83k, or so I thought. It actually had decent numbers but I was later to find out that they were pretty much BS. After 6 months I was consistently one of the top 2 grossing stores in the area. This was out of about 25 stores.

I came to quickly realize that with the 11% royalty 38-40% food and paper costs (not 28.5 as it should be)and many other operating expenses etc, etc etc, there was absolutely no way to make any money even if I was to keep grossing more. My best week was about $11k but most times I was averaging 6500 to 7500 per week. My break even was around 8500. To make a long story short, I kept losing more and more money and finally filed for bankruptcy. In the time I closed my store in May of 08, 7 more stores in Omaha closed their doors and I’m sure were still counting.

I would dearly love to sue the hell out of them and maybe still will if I can join a class action suit. I really felt I was an experienced businessman but now merely feel stupid and broke. I’m thinking the execs at Quiznos in Denver have plenty of money, mostly from bankrupt franchisees.

Good luck to those of you who don’t heed advice from those who have been there and lost it.

By: Joe

Joe — Mon, 19 Oct 2009 02:05:37 +0000

I am serious. I would NOT touch a Quiznos with a 10 ft pole. If it were really a good franchise why would someone want to sell it for so cheap. They cant wait to get out. It is a money pit. I would be shocked if the whole organization doesnt go bankrupt. Too many closures. BE CAREFUL

By: houston

houston — Sun, 11 Oct 2009 21:27:58 +0000

They are selling Quiznos in Houston for $12,500 down with fininacing for $37,500. Can money be made with little buy in?

By: roger

roger — Sun, 04 Oct 2009 20:22:24 +0000

Plain and simple chad. overhead is much much more for Quiznos then it is for your yogurt shop. I had $350,000 in bills to pay with quiznos… break even of about 10,000 a week… your ice cream shop can break even much cheaper.

By: chad

chad — Tue, 22 Sep 2009 18:56:53 +0000

I don’t get how you guys are selling 5-6k a week and not making any money. I own a Frozen Yogurt Shop. My biggest selling month was 12k FOR THE MONTH in July. I’ve had 1 month where I sold only 2k and some 4k in the dead of winter yet I am making a profit and no where near going out of business. If I sold even 3-4k a week for the year, I would be swimming in moolah; you guys make me wonder.

By: Joe

Joe — Sat, 22 Aug 2009 05:34:22 +0000

Yeah it is true. As a franchisee I was treated very poorly. This organization doesnt care anything at all about its franchisees. You really will have a very tough time making enough money to pay for the overpriced equipment that they sell you. They are not responsible for anything they do to franchisees. There crew are just miserable and will not do anything for you except try to put things off and hope you forget about it all. The stories are true and I really see this franchise as failing and heading into a bankruptcy. I would not invest in these guys. Invest in something that will make you some money and earn you a return on your investment.

By: tom

tom — Fri, 21 Aug 2009 22:58:45 +0000

Quiznos.
I have so much to say as a franchise owner.
But I will limit myself to this:
Quiznos is a horrible franchise which I advise not to frequent as a customer, or potential franchisee.
CORRUPT!

By: roger

roger — Sun, 02 Aug 2009 01:57:04 +0000

I have did all of my homework and then some. You cant forsee certain things happening no matter how much homework you do. They truly did do much wrong. They told me I would be opening in the early summer and they changed my opening date in excess of 10 times. They opened me 1 week before Xmas. I ended up paying $500 for insurance for 8 days coverage by the time I opened. I really could go on and on with the ridiculous schemes these Scumbags pulled off, and I will as soon as I find if I have a lawsuit or not. They certainly are a nicer organization before you buy as opposed to after you purchase. They told me my store would sell north of $15000 a week when my store was selling only $5000-$6000 a week they had said to me “What do you want us to do”? They dont care that your life savings are totally gone. I just hope I can hold them accountable for all of the stuff they had done.