DENVER Quiznos said it has cut new deals on more than 40 leases for its franchisees, reducing their payments by an average of 15 to 20 percent, since creating special lease renegotiating teams last month. Rick Schaden, Quiznos' chief executive, said the economic downturn has created opportunities for franchisees to seek better terms on their rent. The company created three teams, which are made up of a real estate negotiating firm, a law firm and corporate employees. The teams work ...
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Contact: Desiree Torres Desiree.Torres@penton.com