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QSR International Announces the Opening of the third
QUIZNOS SUB Restaurant in Nicaragua


June 19, 2014. QSR International, the Master Franchisee of Quiznos Sub in Latin America and the Caribbean, is pleased to announce its continued expansion into Central America region with the opening of its third Quiznos Sub restaurant in Nicaragua.  

This restaurant, located in Galerias Santo Domingo Mall, Carretera a Masaya, Managua, Nicaragua, is operated by Industrias de Comida Rápida S.A. (INCORSA) and is the third of five units planned for Nicaragua. “Quiznos has resonated in the Nicaragua marketplace very quickly,” says Bergman Castillo, CEO INCORSA. “We believe that the quality of our Quiznos product is the best to be found anywhere,”Richard Eisenberg, president of QSR International, added "INCORSA has proven to be an excellent restaurant operator and Quiznos Sub franchisee partner. We look forward to working with their leadership team to maximize the potential of the Quiznos Sub brand within Nicaragua."

About QSR International

QSR International (QSR) is a 143-unit multi-brand Master Franchise restaurant developer currently conducting business in 15 countries throughout Latin America and the Caribbean. 

Today, QSR owns the Master Franchise for Quiznos restaurants in Latin America and the Caribbean where they currently have 100 licensed Quiznos restaurants operating and three Quiznos restaurants under development. In addition to these units, QSR has awarded and sold 58 additional Quiznos franchises which, through development agreement commitments, will be opened in the next several years.

QSR also owns the Master Franchise in Latin American and the Caribbean for Teriyaki Experience, a Canadian based Asian food franchise, where QSR has seven restaurants open and five additional
units committed.

In 2012, QSR obtained the rights to develop Smashburger in Central America, Venezuela, and parts of the Caribbean. QSR recently opened their second Smashburger restaurant in Costa Rica and has three additional Smashburger restaurants under development within Costa Rica, and 24 more units committed in Panama, Venezuela, and El Salvador. QSR is currently seeking additional Central American and Caribbean franchise partners for Smashburger, named “America’s Most Promising Company,” by Forbes magazine in 2011.

In addition, and within Costa Rica, QSR owns, licenses, and operates 31 KFC’s, 19 Quiznos, two Smashburgers, five Teriyaki Experience restaurants, one Cinnabon, and one Centenario Rum Bar & Café. In the next 12 months, QSR will open four additional KFC restaurants and three more Smashburger restaurants in Costa Rica, where QSR bases a 10,000-square-foot Restaurant Support Center employing over 90 persons.

Finally, QSR, through wholly owned subsidiaries, operates several companies which service and supply the restaurant, hotel, and retail grocery industries. These companies include a Restaurant Supply Chain Store (Chef’s Supply), an Industrial Bakery (Chef’s Kitchen), and a Real Estate Investment Company. To learn more, visit www.qsr.co.

 

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