QIP Holder, LLC, doing business as Quiznos, is a franchised fast-food restaurant brand based in Denver, Colorado, that specializes in offering toasted submarine sandwiches. It was founded in 1981 by Jimmy Lambatos and sold to Rick and Richard Schaden ten years later, before growing to nearly 5,000 restaurants afterwards. As of late 2013, the chain had about 1,500 domestic locations and about 600 international locations. Quiznos is the second-largest submarine sandwich shop chain in North America, behind Subway. Expansion into Pakistan, Singapore, South Korea, the Philippines, and Indonesia is part of Quiznos' continued international development plan to open more than 1,000 international stores in more than 40 countries by 2020.
