March 06, 2015 2:56 AM ET

Hotels, Restaurants and Leisure

Company Overview of QCE Finance LLC

Company Overview

QCE Finance LLC, doing business as Quiznos, operates and franchises sandwich shops in the United States, Asia, the Middle East, and internationally. It offers steak, deli, and chicken sub, as well as turkey sandwiches; grilled flatbreads, salads, wraps, chicken, deli meats, breads, cheeses, savory soups, breakfast, and desserts; and catering services. The company was formerly known as QCE Parent LLC and changed its name to QCE Finance LLC in January 2012. QCE Finance LLC was founded in 1981 and is based in Denver, Colorado.

1001 17th Street

Suite 200

Denver, CO 80202

United States

Founded in 1981

201 Employees





Key Executives for QCE Finance LLC

Chief Executive Officer and President
Age: 50
Founder and Director
Age: 68
President of Quiznos Canada
Age: 55
President of International
Compensation as of Fiscal Year 2014.

QCE Finance LLC Key Developments

Quiznos Announces Executive Changes

Quiznos' latest step in its restructuring involves a new leader for the troubled sub-sandwich chain. The Denver-based company announced that it has tapped former head of the Krystal Burger chain Doug Pendergast to replace its CEO of the past 2-1/2 years. Pendergast will be asked to help lead its turnaround just six months after the chain exited bankruptcy protection. Pendergast most recently served as president and CEO of The Krystal Company, overseeing an increase in locations and in unit-level profitability. He replaces Stuart Mathis, who had served as Quiznos president and CEO since July 2012, leading the company both into and out of bankruptcy protection and overseeing the continued decline in national locations, from roughly 5,000 before 2008 to about 1,100 by the end of 2014.

Quiznos Announces Management Changes

Quiznos announced the appointment of Doug Pendergast as the company's new President and Chief Executive Officer. Mr. Pendergast joins Quiznos having previously held a variety of leadership roles in the restaurant industry. Most recently, he served as President and CEO of The Krystal Company. Prior to that, he held positions as Chief Development & Franchising Officer for Craftworks, EVP & Chief Franchise Officer for Church's Chicken, and VP of Strategy for AFC Enterprises. Mr. Pendergast succeeds Stuart Mathis, who has resigned to pursue other opportunities.

Quiznos to Expand its International Development with Growth into Seven Countries in Asia and the Middle East

Quiznos continues to expand its international development with growth into seven countries in Asia and the Middle East. This is the latest addition to an international development strategy to open more than 1,000 restaurants in more than 40 countries by 2020 and will widen the company footprint abroad through the help of trusted international Master Franchisees. On Oct. 28, Quiznos celebrated the grand opening of the first Quiznos restaurant in Malaysia. AUM Hospitality (AUMH) penned the deal to bring the brand's toasted subs to 100 future locations in Malaysia. The Grand Opening event featured Q&A with key players in the development and a sandwich-eating competition with winners receiving free sandwiches for one year.

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