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Quiznos reduces franchise royalties, ad-fund contributionsQuiznos reduces franchise royalties, ad-fund contributions

Chain aims to boost franchisee profitability and usher in era of growth

Lisa Jennings, Executive Editor

October 13, 2016

6 Min Read
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quiznos

Quiznos franchisee royalty fees and national ad fund contributions will significantly reduce starting January 2017. Photo: Quiznos

In an unprecedented attempt to move “from survive mode to thrive mode,” Quiznos president and CEO Susan Lintonsmith on Thursday announced a significant reduction in franchisee royalty fees and required contributions to the national advertising fund.

In an interview with Nation’s Restaurant News, Lintonsmith, who was named CEO in July, outlined what is internally being called “The New Deal,” or the next phase in an ongoing attempt to turn around the beleaguered brand and boost franchisee profitability. 

Starting in January 2017, the royalty rate paid by franchisees will be reduced from the current 7 percent to 5 percent. In addition, contributions to the ad fund of about 4 percent will be reduced to about 2 percent, said Lintonsmith.

“We th...

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About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

[email protected]

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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