THE QUIZNO'S CORPORATION LETTERHEAD

            FOR RELEASE AT 6 AM, MDT ON JANUARY 10, 1997

                 THE QUIZNO'S CORPORATION ANNOUNCES
             FINANCING AGREEMENT DESIGNED TO FUEL GROWTH

Denver,   Colorado  -  The  QUIZNO'S  Corporation   (Nasdaq:   QUIZ),
franchisor of QUIZNO'S Classic Subsr restaurants, announced today  it
has  received a $2 million loan from Dallas-based Retail & Restaurant
Growth Capital, L.P. (RRGC).

Rick  Schaden, QUIZNO'S president and CEO, said the majority  of  the
proceeds will be used to secure and develop new QUIZNO'S restaurants,
either  through a turnkey program that would build and sell  QUIZNO'S
Classic  Subs restaurants to franchisees or through the  purchase  of
existing  restaurants that could be converted to QUIZNO'S units.   In
addition,  a  portion of the proceeds will retire  certain  debt  and
provide working capital for the corporation.

"This financing provides a boost to our national expansion at a  time
when  we are approaching a critical mass in the growth of our chain,"
Schaden said.  As of December 31, 1996, 156 Quizno's restaurants were
open  in  25  states and Vancouver, British Columbia, and 61  markets
were under development in the U.S. and Canada.

"We  were  impressed  with  RRGC's knowledge  and  expertise  in  our
industry,"  Schaden  said.  "Its partners have been  affiliated  with
Grandy's restaurants, On The Border, Spaghetti Warehouse, Canyon Cafe
and   other   retailers,  including  Circuit   City,   Sunglass   Hut
International  and Restoration Hardware."

QUIZNO'S  will further capitalize on the new relationship with  RRGC,
naming one of its principals to serve on QUIZNO'S Board of Directors.

"QUIZNO'S  is  one  of  only two investment opportunities  that  RRGC
selected in 1996 out of 377 that we reviewed," J. Eric Lawrence,  RGC
General Partners, said.  "We are excited about Rick Schaden's  skills
in  growing  the  chain  to  date and his  ability  to  build  a  top
management team in a highly competitive industry."

RRGC's General Partners Mark L. Masinter added: "We're excited  about
the quality of QUIZNO'S product, which far surpasses its competitors,
and the quality of the QUIZNO'S team."

RRGC's four general partners offer collectively more than 50 years of
investment,  management, consulting and operating experience  in  the
retail  and  restaurant industry.  The firm lends growth  capital  to
emerging  companies that have had limited access to traditional  debt
and  equity capital markets.  The firm participates in the  ownership
of  its  portfolio companies through warrants to purchase a  moderate
equity  interest.  RRGC recently received its license from the  Small
Business   Administration's  Small  Business  Investment  Co.   which
provides  the firm with significant additional capital to  invest  in
emerging businesses.

Under  the  five-year  financing agreement with  QUIZNO'S,  RRGC  has
loaned  the  franchisor $2 million, a portion of which is convertible
into  equity  of the Company, currently 372,847 shares  a  conversion
price of $3.10 per share.  If the loan is paid off before conversion,
RRGC  will  receive warrants to purchase these shares  at  $3.10  per
share.   The loan is repayable interest only for the first 18  month,
with principal and interest due over the remaining 42 months.

The quick-service, Italian-style deli concept, which serves signature
over-baked  QUIZNO'S  Classic Subs, has been a  popular  Denver-based
chain  for  16 years and has grown from 18 restaurants open  in  1991
when Rick Schaden and his father purchased the company to 156 open at
the end of 1996.

This  release contains forward-looking statements (as defined in  the
Private Securities Litigation Reform Act of 1995) that are subject to
risks  and  uncertainties that could cause actual results  to  differ
materially  from  those set forth in the forward-looking  statements.
Such  risks  and  uncertainties include the effect  of  national  and
regional  economic and market conditions; costs of labor,  marketing,
food  and  non-food items purchased by QUIZNO'S restaurants;  weather
conditions and eating habits of the American public.  Such risks were
detailed  from time to time in the Company's reports filed  with  the
SEC,  including the report on Form 10-KSB for the year ended December
31, 1995 and the subsequent Forms 10-QSB.

For more information, contact Debbie Leider or Sue Hoover,
The QUIZNO'S Corporation
Corporate Communications line, (303) 706-9338