QSR International has signed a three-unit Quiznos development agreement for the country of Nicaragua with Industria de Comida Rápida S.A., managed by Bergman Castillo, CEO and founder of both Grupo Golan, a major security company, and Grupo de Comunicación S.A., a top advertising company in Nicaragua. QSR International has now signed four new development agreements for a total of 27 new restaurant units this year.
“Mr. Castillo is a highly successful business entrepreneur throughout Nicaragua. He has a thorough knowledge of the marketplace and culture, and has an established professional team that’s making huge inroads in the country,” said Pablo Fernandez, franchise expansion manager of QSR International. “As a highly successful entrepreneur, with a top-notch professional support group, we are confident of his continued future success,” continued Fernandez.
“The signing of this new development agreement confirms the continuing growth plans for Quiznos in the region by QSR International,” added Richard Eisenberg, president of QSR International.
Having opened 11 restaurants thus far in 2013, QSR International is now a 146-unit, multi-brand franchisee and master franchise quick service restaurant developer operating in 15 countries. QSR currently has 102 licensed Quiznos restaurants operating in the region with an additional two units under development. Plus, QSR International has awarded and sold an additional 59 Quiznos franchises which, through development commitments, will open in the next few years.