SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
________________________________
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
October 8, 1996
________________________________
THE QUIZNO'S CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 000-23174 84-1169286
(State of Incorporation)(Commission File No.) (I.R.S. Employer
Identification No.)
7555 East Hampden Ave.
Suite 601
Denver, Colorado 80231
(Address of principal executive offices)
(303) 368-9424
(Registrant's telephone number, including area code)
ITEM 5. Other event
Press release regarding franchise sales during the quarter ended
September 30, 1996.
Reg. S-K
Exhibit No. Description Item No.
*99.1 Press release
99
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
THE QUIZNO'S CORPORATION
Date: October 9, 1996 By: /s/ Richard E. Schaden
Richard E. Schaden, President
and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description Page
*99.1 Press release 1
THE QUIZNO'S CORPORATION LETTERHEAD
FOR RELEASE AT 6 A.M. MDT ON OCTOBER 8, 1996
THE QUIZNO'S CORPORATION REPORTS
RECORD NUMBER OF FRANCHISES SOLD IN 3Q 1996
DENVER, Colo. -- The QUIZNO'S Corporation (NASDAQ: QUIZ) today
announced it more than tripled its previous record of 30 franchises
sold during a single quarter by selling 92 franchises during the
third quarter of 1996, which ended on September 30, 1996.
"The extra resources we devoted to our national growth plans and
the focused efforts of our Franchise Development division resulted
in our strongest quarter in the number of franchises sold," said
Richard E. Schaden, QUIZNO'S president and CFO. "QUIZNO'S devoted
it's biggest push in franchise sales to date through a Summer
Expansion Program and a new national franchise advertising campaign
that included the Wall Street Journal and USA Today. Based on our
sales results, the extra time and resources spent during the third
quarter will be paid off in increased growth and additional royalty
stream over the next nine months."
In the third quarter of 1996, QUIZNO'S granted 92 franchises for
fees totaling $550,750, which will be recognized as revenue by the
company as the related units open for business. The increase in
franchise sales was propelled in part by the company's Summer
Expansion Program which offered qualified franchisees the
opportunity to purchase additional franchises at a discounted
franchise fee. In addition, in the third quarter, QUIZNO'S had a
record 59 Area Directors working actively across tile country to
sell QUIZNO'S franchises.
QUIZNO'S, a quick-service, Italian-style deli which serves
signature oven-baked Classic Subs, has been a popular Denver based
chain for 15 years. The Company successfully completed an IPO in
February 1994 and is using the proceeds to focus on national
expansion.
For more information, contact: Sue Hoover or Debbie Leider,
The QUIZNO'S Corporation, Corporate Communications line, 303-706-
9338
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