What Quiznos Changes Mean For Smashburger

QSR magazine:

… you’re sure to have heard of the emerging fast-casual chain Smashburger. What’s less likely is you know about the company’s ties to the tumultuous quick-serve brand Quiznos. Smashburger is a growing burger concept out of Denver that has 12 stores open already and more than 200 sold. It’s also backed by a $50 million investment from Consumer Capital Partners (CCP), where Quiznos’ founder and newly re-appointed CEO, Rick Schaden, is a partner.

Before bloggers run to Tweet the news out to disillusioned Quiznos franchisees, though, Tom Ryan, Smashburger’s founder (and former Quiznos chief concept officer) says there’s nothing to worry about.

“Rick is one of the partners at Consumer Capital Partners but he does not have any day-to-day involvement in the Smashburger business,” Ryan says. “Smashburger is an independent entity operating under the umbrella of CCP.”

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