http://kunc.org en Quiznos Gives Up Control To Stave Off Bankruptcy http://kunc.org/post/quiznos-gives-control-stave-bankruptcy Quiznos narrowly avoided bankruptcy this week when the sandwich chain shifted ownership to private equity firm Avenue Capital in exchange for erasing some debt.<p>The recession and poor management have hit the Denver-based sub-maker hard. The company once boasted more than 5,000 restaurants, but 40 percent of them have now shut their doors.<p>Andre Bonyadian owns nine Quiznos franchises in and around Los Angeles.<p>As one of his employees wraps a large roast beef sandwich to go, Bonyadian identifies a chief problem: He's not going to make much profit on this sandwich. Thu, 26 Jan 2012 05:01:00 +0000 Ben Markus 21413 at http://kunc.org Quiznos Gives Up Control To Stave Off Bankruptcy