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Commercial Real Estate Recap : September 2015

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Business Insider : Quiznos Has One Last Hope For Its Business

Quiznos’ US business has been in a tailspin.

quiznos_logo1_fullThe sandwich chain has closed 3,000 restaurants in recent years and filed for bankruptcy protection.

Now the company is focusing on opening restaurants in Asia and the Middle East to drive profits, writes Venessa Wong at Bloomberg Businessweek.

The company hopes that growing overseas demand for US restaurants will help its business.

Wong notes that the company will have to contend with already-established competitors like Subway and KFC.

KFC now has more restaurants in China than in the US.

Serious flaws in Quiznos’ business model led to the company’s demise in America, The Wall Street Journal wrote last year.

The chain’s franchise owners have long complained that Quiznos charges too much for ingredients, eating into profits.

The company has also made key mistakes in its production process.

Read more: Business Insider : Quiznos Has One Last Hope For Its Business
Re-posted by: Crosbie Real Estate Group

Eater Denver I Prairie Dog Pub & Grill Now Open in Littleton

Prairie Dog & Grill now open at our listing at Coal Mine Centre in Littleton.

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Prairie Dog Pub & Grill has recently opened in Littleton at 5935 South Zang Street. With friendly staff, the new restaurant and bar brings classic pub fare to an area that still has limited options. Among guests favorites are the nachos, Prairie Dog burger, and fried pickles.

Check out the nice, quiet patio and keep an eye out for the ladies night and other specials.
 
Read more: Eater Denver – Prairie Dog Pub & Grill Now Open in Littleton
Property brochure: http://www.creginc.com/pdf/Littleton_CoalMineCentre.pdf
Re-posted by: Crosbie Real Estate Group

Westword I Potbelly Sandwich Shop opening in University Hills

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Back in 2011, a Yelper by the name of Alex B wrote an exclamation point-punctuated review of Snarf’s, a homegrown sandwich shop that got its start in Boulder. The sandos are really great, as evidenced by the fact that I’ve been three work days in a row!!” he gushes, but his review of Snarf’s begins with a shout-out to Potbelly Sandwich Shop: “A “Potbelly’s substitute has finally arrived in Denver!!! Until Potbelly’s decides to franchise here, this is the next best thing!!!!”

A romp through other sandwich shop reviews on the Denver Yelp site also reference Potbelly. “It’s my favorite Midwestern chain,” declares one Yelper. “Some day, Potbelly’s will come and drive all these other places out of business with their cheap prices and delicious hot subs,” boldly predicts Matt H, who then describes the sandwiches at Jimmy John’s as simply “average.”

Mr. H’s theory will be tested sooner rather than later, because Potbelly Sandwich Shop, which is headquartered in Chicago, is opening its first store in Denver, in the University Hills Shopping Center, which now has several restaurants, including Lark Burger and the Slotted Spoon.

Its original name, Potbelly Sandwich Works, started, notes the website, in 1977 as a “small antique store run by a nice young couple,” who then “decided to bolster their business by making sandwiches for their customers.” The sandwiches were a major hit, and in 1996, a guy named Bryant Keil — now the chairman of Potbelly — bought the original Chicago store, and has since gone on to open close to 300 Potbelly Sandwich Shops in numerous cities across the country, including New York, Texas, Oregon and Tennessee.

Read more: Westword I Potbelly Sandwich Shop opening in University Hills
Re-posted by: Crosbie Real Estate Group