Quizno's Corporation and its affiliates operate, and offer franchises to individuals or entities to operate, restaurants with carry-out facilities that sell submarine and other sandwiches, salads, other food products and beverages, and related services (Restaurants). As of November 30, 2000, there were 1026 Restaurants in operation in the United States and internationally, and agreements were in place for the opening of an additional 695 franchised restaurants in the United States. The Company and its affiliates operate the third largest submarine sandwich chain in the United States. The Restaurants offer a menu of submarine style sandwiches, salads, soups, desserts and beverages, including "Classic Lite" selections of submarine sandwiches and salads designed for consumers who are looking for a low-fat, healthy alternative to typical fast food products.
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