Me and my family lost over $500,000 on the "opportunity". Was this becaue we were poor operators? Not according to all the awards we won from Quizno's Corporate. Was this just because of poor locations? Only if you consider the corner of the busiest intersections in the State of Illinois "poor traffic" in one of the most densely populated areas in all of Chicago land.
The reason for the failure is due to lies, deceit, misrepresentations, and out and out fraud and mismanagement of funds by Quiznos. Misuse and illuse of advertising funds by the corporation and collected from the franchisee's is one of the many reasons for failure. Territorial infringements and broken promises by the representatives also contributed largely to the failure. Another large contribitor was, I believe, collusion between the franchisor and a potential buyer and the landlord when we were trying to sell the store and try to recapture some of the losses.
All in all a terrible experience. We are hopefull that other franchisee's that feel the same way and would like to try and start a class action lawsuit will read this and get together to try and recoop some of our lost money
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