Denver-based Quiznos is under financial pressure as sharpened competition, waning sales and debt woes weigh on its bottom line.
Analysts say the sub-sandwich company is struggling to pay its debt and could be headed for a reorganization. The chain has seen a sharp downturn in its number of stores and shrinking revenue from the outlets that remain open.
Privately owned Quiznos does not disclose financial metrics and releases almost no public information.
Yet analysts who follow the company say it is clear that the chain is nearing default on its loans and scrambling to restructure $875 million in debt.