THE QUIZNOS SUB CONCEPT

Quiznos stands above the ordinary sub sandwich restaurant because the Quiznos sub is toasted on special, proprietary breads. These artisan breads are made from the finest quality ingredients and are carefully designed not only to add extraordinary flavor to the sandwich, but to make the perfect recipe for toasting. But Quiznos great taste doesn't come only from its special breads… the same quality ingredients go into signature sauces, such as Quiznos classic Red Wine Vinaigrette, Honey-Bourbon Mustard and Roasted Bell Pepper Sauces.

Whether dining in or eating on-the-go, Quiznos is the upscale sandwich concept designed for today's busy customers who are looking for a tasty, fresher alternative to many of today's traditional fast food restaurants. With over 2500 restaurants throughout the US and in thirteen foreign countries worldwide, and a new location opening every 16 hours somewhere in the world, Quiznos Sub is one of the fastest growing sandwich chains in 2003.

THE QUIZNOS HISTORY
Quiznos 22 years of success and large numbers of loyal repeat customers can be attributed in large part to good food. "This is the best sandwich I ever ate!" are unsolicited words heard frequently in Quiznos restaurants. The first Quiznos Sub restaurant opened at 13th and Grant in Denver's Capitol Hill neighborhood in 1981. Rick Schaden overheard that unsolicited comment from a customer at a Quiznos Classic Subs just before he bought his first franchise in Boulder, Colorado in 1987. Over the next few years, he purchased two more franchises. In 1991, he and his father, prominent aviation attorney Dick Schaden of Boulder, bought the franchise operation, which consisted of 18 restaurants. Today, with seasoned management, professional franchise support systems and strong financial resources, Quiznos is taking this "good food" success story throughout the U.S. and across the globe.

THE QUIZNOS TIMELINE
1981- Quiznos opens its first store at 13th and Grant in Denver's Capitol Hill neighborhood.
1987- Rick Schaden buys his first franchise in Boulder.
1991- Rick and his father, Dick Schaden, a prominent aviation attorney in Boulder, buy the franchise operation.
1994- Quiznos is named a "Hot Concept" by Nation's Restaurant News, putting Quiznos Toasted Sub on the map as an emerging brand.
1995- Quiznos is named a "Hot Prospect" by Restaurants & Institutions.
1996- The Quiznos Chain reaches 100 restaurants.
2000- The Quiznos Chain reaches 1000 restaurants.

2001- Restaurant Business names Quiznos the "Leader in the Pack" of traditional QSR in its Top 50 Growth Chains Issue.Nation's Restaurant News ranks Quiznos #1 in growth in estimated sales per unit in its Second 100 issue.Entrepreneur lists Quiznos #6 in the Top 10 Franchises of 2001.

2002- Nation's Restaurant News ranks Quiznos #1 in growth in the number of U.S. units in the July 2002 issue.Nation's Restaurant News lists Quiznos #1 in sandwich chains ranked by U.S. systemwide sales growth in the July 2002 issue.USA Today named Quiznos Honey Bourbon Chicken the best healthy sub choice among fast food restaurants,July 15, 2002.Restaurants & Institutions Top 400 Issue (July 2002) ranked Quiznos Subs #4 in the Sandwich/Bakery Category for estimated unit sales worldwide.
2003- Technomic has ranked Quiznos #1 in the Ten Fastest-Growing Chains with Sales over $200 million, May 2003Nation's Restaurant News lists Quiznos #1 in sandwich chains ranked by U.S. systemwide sales growth in the July 2003 issueNation's Restaurant News ranks Quiznos #1 in growth in the number of U.S. units in the July 2003 issueEntrepreneur ranks Quiznos #7 in the Top 10 Franchises of 2003Quiznos Sub opened the 2000th restaurant.
2004- Technomic ranked Quiznos #2 in the Ten Fastest-Growing Chains with Sales over $200 million, May 2004Nation's Restaurant News lists Quiznos #1 in sandwich chains ranked by U.S. systemwide sales growth in the July 2004 issueNation's Restaurant News ranks Quiznos #1 in growth in the number of U.S. units in the July 2004 issueEntrepreneur ranks Quiznos #3 in the Top 10 Franchises of 2004Quiznos Sub opened its 3,000th restaurant and is now in 15 foreign countries.

QUIZNOS FACTS
There are nearly 3,500 Quiznos restaurants worldwide in 15 countries including the United States, Puerto Rico, and Guam.

Quiznos receives an application from a prospective new franchise owner, on average, every 40 minutes.

Quiznos sells a franchise, on average, every 4 hours. This means that by the time a flight leaves L.A. and lands in Chicago, Quiznos has sold another franchise.

Quiznos signs a lease, on average, every 14 hours.

A new Quiznos opens, on average, every 8 hours somewhere in the world.

Quiznos debut as an advertiser in Super Bowl 2002 won rave reviews from the media on use of humor and creativity. Over 225 million impressions were made with the ads, in addition to reaching millions more readers and viewers with coverage of Quiznos Super Bowl debut. Quiznos was mentioned in more than a dozen major national television programs and in hundreds of news publications throughout the country.

Quiznos utilizes the culinary skills of 12 chefs for the creation of each limited time offer sub (LTO). That adds up to over 2,500 hours of development and testing time to introduce a new sub.
At Quiznos, all subs are toasted in our special conveyer oven because "Oven Toasted Tastes Better."

The most popular sandwich?
· Traditionally has been the Classic Italian
· The Mesquite Chicken recently surpassed the Classic Italian as our most popular sub.

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