4 Restaurants That Could Join Sbarro in Bankruptcy

These mid-tier restaurants could be too far underwater in the foreseeable future

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4 Restaurants That Could Join Sbarro in Bankruptcy

Quiznos

Quiznos 185 4 Restaurants That Could Join Sbarro in BankruptcySpeaking of overpriced sandwiches, toasted hoagie outfit Quiznos may be about to file bankruptcy. In fact, it could be the first among the four names on this list that could file Chapter 11.

How do we know? Because some folks at the Wall Street Journal and CNBC — credible sources — reported in late February that the struggling company was already in discussions with creditors, seeking a plan that would work for all parties involved.

Filing chapter 11 would help Quiznos with its $570 million in debt (compared to about $600 million in sales for 2012), though less debt still doesn’t solve the bigger problem for this group of approximately 2000 restaurants — a waning number of customers.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/4-restaurants-join-sbarro-bankruptcy/.

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