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Quiznos
Business Summary
QIP Holder, LLC owns and operates the Quiznos chain of fast casual restaurants in the United States and over 40 other countries around the world. Quiznos offerings include toasted sub sandwiches, salads, soups, and breakfast sandwiches. Quiznos also provides catering services.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1981 |
| Fiscal Year End: | 09/30 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| City: | Denver |
| State/Province: | Colorado |
| Country: | United States |
| Phone: | View |
| Website: | www.quiznos.com |
| Twitter: | http://www.twitter.com/http://twitter.com/#!/Quiznos |
| LinkedIn: | http://www.linkedin.com/company/quiznos |
| Facebook: | http://www.facebook.com/Quiznos |
Corporate Organization
| Parent Companies: | QIP Holder, LLC |
| Founders: | Richard Schaden |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Hospitality & Leisure > Restaurants > Fast-Food Restaurants |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| Subway Restaurants |
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 |
| Revenues | View | View | View | View |
| Selling, General & Administrative Expenses | View | View | View | View |
| Total Operating Expenses | View | View | View | |
| Operating Income (Loss) | View | View | View | View |
| Interest Income | View | View | View | View |
| Interest Expense | View | View | View | View |
| Net Interest Income | View | View | View | View |
| Income Before Income Taxes (Loss) | View | View | View | View |
| Provision for Income Taxes | View | View | View | View |
| Net Income (Loss) | View | View | View | View |
| Service Expense | View | View | View | View |
| Amortization of Investment in Area Marketing Agreements | View | View | View | View |
| Commissions Expense | View | View | View | View |
| Litigation Settlement Charges | View | |||
| Amortization of Intangible Assets | View |
| Balance Sheet | 2011 | 2010 | 2009 |
| Current Assets | View | View | View |
| Cash and Cash Equivalents | View | View | View |
| Accounts Receivable | View | View | View |
| Long Term Investments | View | View | View |
| Intangible Assets | View | View | View |
| Total Assets | View | View | View |
| Current Liabilities | View | View | View |
| Accounts Payable | View | View | View |
| Current Portion of Long Term Debt | View | View | View |
| Long Term Debt | View | View | View |
| Deposits | View | View | View |
| Total Liabilities | View | View | View |
| Stockholders Equity | View | View | View |
| Deferred Franchise Costs | View | View | View |
| Restricted Cash | View | View | View |
| Accrued Liabilities | View | View | View |
| Deferred Initial Franchise Fees | View | View | View |
| Current Portion of Deferred Revenues | View | View | View |
| Deferred Revenue | View | View | View |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 |
| Cash Flow From Operating Activities | View | View | View | View |
| Cash Flow From Investing Activities | View | View | View | View |
| Purchase of Investments | View | View | View | View |
| Cash Flow From Financing Activities | View | View | View | View |
| Increase in Debt (Decrease) | View | View | View | View |
| Income Taxes Paid | View | View | View | View |
| Cash Interest Expense | View | View | View | View |
| Total Cash Flow (Net Change in Cash) | View | View | View | View |
| Cash & Cash Equivalents End of Year | View | View | View | View |
| Cash & Cash Equivalents Beginning of Year | View | View | View | View |
| Distributions to Members | View | View | View | View |
| Financial Notes: | |
| * | Quiznos fiscal year end: 09/30 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Quiznos financials to Excel and create your own graphs.)
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Detailed Business Description: Quiznos
Executive Summary
- Quiznos has established a strong brand associated with high quality and healthy fast food.
- After reaching a peak of 5,100 locations in 2008, open locations have dropped to 3,500 globally as a result of slow sales and poor relationships between Quiznos and franchise owners.
- As a result of a legal settlement in 2010, Quiznos is liable for payments and debt forgiveness of $206 million to current and former franchise owners. However, this settlement also paves the way for resolution of contentious issues between Quiznos and franchisees.
- With a recent debt restructuring, Quiznos has an improved financial condition allowing it to focus on its plans for significant expansion domestically and internationally in growing markets such as Brazil and India. Quiznos plans to open 80 to 100 domestic locations in 2012 and 400 locations internationally by 2020.
Business Model
Revenue Streams
Quiznos’ primary sources of revenues are commissions, royalty fees, and… Continue Reading →
Supplemental Resources
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