Quizno's at Cutting Block. Bidders Hungry.

Quizno’s has been put on the cutting block and will be auctioned off by the Goldman Sach’s Group. And what’s the expected special price of the sandwich chain? The word on the street is more than $2 billion.

The Wall Street Journal ($$) has some interesting facts about Quizno’s and Subway. It’s one of the fastest growing fast-food franchises. According to market-research company Technomic, Quizno’s doubled its units in the United States from 1,490 in 2002 to 3,055 restaurants in 2004. In contrast, Subway’s developed from 14,521 units in 2002 to 17,900 or roughly 23% growth. And who generates more money per store? The WSJ says:

“The average Quiznos unit generates more revenue than Subway, partly because Quiznos's average check totals are higher than Subway's, and the restaurants tend to be larger. Michael Allenson, a principal at Technomic, estimates that the average Quiznos unit generates about $430,000 annually, compared with $370,000 a year at a typical Subway restaurant.”