The company that gave the world the toasted sandwich wants to give something back to its franchise owners in these troubled times. Quiznos says it will begin renegotiating store leases to match current market values.
The company has established teams that will go out and negotiate directly with property owners, at no cost to franchise owners. To date, the company has lowered more than 40 lease payments, with an average reduction of 15-20 percent.
“My primary goal as CEO is for franchise owners to say in one year from now they are better off than they are today,†says Quiznos CEO Rick Schaden. Aww. That makes us feel like a Quiznos sub: all warm and toasty.