Quiznos Files for Bankruptcy

I've eaten there just one time. I wasn't all that impressed, but it's mostly that I like other restaurants better.

At Business Week, "Quiznos Follows Sbarro Into Bankruptcy as Competition Grows":

Quiznos, founded in 1981, operates restaurants in all 50 states and 34 countries, according to its website. It has about 2,100 stores, all but seven of them franchised, according to today’s statement.

The chain sells toasted sub-style sandwiches and recently added pasta dishes, such as chicken pesto and macaroni and cheese with bacon, to its menu.

“They expanded too fast, they had a weak franchisee network,” Goldin said. “Once the Paneras of the world came along, I think, many consumers thought that was a better quality price point. And Subway came in on the lower end and aggressively promoted themselves as fresh.”