Quizno’s is the second leading sub shop company today; Subway is the first leading shop. Quizno’s does have other competitors such as Blimpie’s and Jerry’s Subs; however, Subway is Quizno’s primary competitor. The Subway website reads, “Subway is the world’s largest submarine sandwich chain with more than 30,000 restaurants in 87 countries.” (Subway History 2009). Rebecca Steinfort, the Chief Marketing Officer for Quizno’s said, “Our main competition is Subway, which is an 800-pound gorilla” (York 2009). Subway began back in the 1960’s, according to the Subway official site page. The site reads that, Subway was started in New York by Fred DeLuca and Dr. Peter Buck; Subway has been in business for over forty-three years (Subway, 2009).
Size and Trend of Industry
According to the National Restaurant Association, the quick-service restaurant industry is very profitable; the profit revenues represent 47.5% (or $511 billion) of the food dollar. The quick service industry in the U.S….