They Got Rich While Their Own Stores Died | The Fall of Quiznos

Quiznos went from nearly 5,000 restaurants to just a few hundred — one of the most stunning collapses in fast food history. Everyone thinks Subway's $5 Footlong killed Quiznos. The real story of why Quiznos failed is far darker: thousands of its own franchisees alleged the company was designed to profit whether their stores lived or died. From founder Jimmy Lambatos's toasted-sub innovation to Rick Schaden's explosive franchise expansion, the Quiznos collapse is a story of a $206 million lawsuit settlement, an $875 million debt load, a 2014 bankruptcy, and a company accused of going to war with the very people who carried its name. We break down the Quiznos business model, the franchisee lawsuits, Subway's knockout blow, and the real reason this sandwich empire fell apart. 🥪 New corporate collapse documentaries every week. Subscribe for more stories of the empires that fell. #Quiznos #BusinessDocumentary #fastfood Timestamp headings 0:00 The Franchisee Who Couldn't Win 0:30 The Chain That Scared Subway 1:15 The Toasted King 4:00 The Machine That Ate Its Own Stores 6:30 Subway's Knockout Blow 8:30 The Real Reason Quiznos Fell 9:15 The Lesson of Quiznos