Quiznos in 30-store development agreement
Quiznos continues to ramp up its expansion.
The quick-serve sandwich chain has signed a development agreement with franchisee Parish Patel to open 30 restaurants across Arizona starting in 2023. Part of a seven-year build schedule, three sites are slated to be built in the first and second year each, and the remaining locations during the last five years of the agreement.
The Arizona deal also comes a few months after Quiznos signed an exclusive agreement with CF Lifestyle Investments to develop more Quiznos in the Denver market.
Many of the new Arizona locations will be in the modular “Qube” format resulting from the partnership between Rego Restaurant Group, parent company of Quiznos, and BCubed Manufacturing, which makes fully outfitted, pre-fabricated drive-thru restaurants. At least one location will be near the University of Arizona campus in Tucson.
“Since we announced our exclusive partnership with BCubed Manufacturing, interest and enthusiasm for the modular, free-standing Qube restaurant has been tremendous,” said Tim Casey, CEO of Quiznos. “We are excited for what this means for the future of the Quiznos brand, our fans, and the strong unit-economic potential for our franchisees.”
Patel, a former Quiznos franchisee who owned multiple locations, left the system in 2015 to pursue other restaurant ventures. Patel’s deal with Quiznos gives him exclusivity for restaurant development in key markets across the region.
“Quiznos is an iconic brand that remains an innovator in the fast-casual sandwich category, and I truly believe – with everything the brand is doing differently, from its menu to their new franchisee-first model – that Quiznos can return to the top 10 in the QSR category,” said Patel. “I’m ready to jump back in, putting my industry passion, knowledge and expertise towards the betterment of the brand and the local business community, ultimately bringing Quiznos to new guests and longtime fans alike.”
Based in Denver, Rego Restaurant Group is a fast-casual restaurant platform backed by High Bluff Capital Partners. The portfolio currently includes Quiznos and Taco del Mar, which offers coastal Mexican cuisine. Rego manages nearly 800 restaurants in 32 countries.