Report: Denver-based Quiznos about to file for bankruptcy protection

First Quizno's sub shop at 13th and Grant in Denver. Photo: Xnatedawgx, via Wikimedia Commons

(Credit: Xnatedawgx, via Wikimedia Commons)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

DENVER — Denver-based Quiznos sub sandwich chain is headed for a bankruptcy filing.

That’s according to a report in the Denver Post.

Quiznos has reportedly defaulted on its debt and has been negotiating with creditors for weeks. The chain has $570 million debt.

This would be the second major financial restructuring for Quiznos in two years.

Franchise owners are struggling and continue to close their operations.

Quiznos had about 5,000 stores in 2008. It now operates around 2,100 according to the Post.

The report also says competition from Subway and other sandwich chains has hurt Quiznos. So have legal claims from franchise owners that say Quiznos forces them to pay above-market prices for food and supplies.

Quiznos was founded in Denver in 1981.

Most Read

Top Stories

More Home Page Top Stories