This is old news by now. It was announced the day I went on vacation. Just thought I should mention it in case someone hasn't heard yet.
World Limited Partnership Program decided to shelve the Quizno project. The decision is made after Conrad, the principal and admin of WLPP talked to many Quizno owners/operators. Log into the member area if you want more details.
The gists of the matter are:
- Long startup period: It takes 6-12 months minimum for a new Quizno setup to become profitable. Too long a time when we're aiming for profitability soonest.
- Low profit margin: Expected profit margin of 2-5% after expenses. Not a rate you would associate with HYIP, isn't it?
One door closes, another door opens. So no worries, mate. WLPP are looking at other projects. There is already one in the pipeline.
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