Subway Facts

SUBWAY refers to the world's largest submarine sandwich chain. SUBWAY has more than 34,000 franchised restaurants worldwide. The company is privately held and headquartered in Milford, Connecticut.

History

Fred DeLuca founded SUBWAY in 1965 when he was 17-years-old, along with Dr. Peter Buck. The first SUBWAY was called Pete's Super Submarines and was located in Bridgeport, Connecticut. By 1974, DeLuca and Dr. Buck operated 16 restaurants, all in Connecticut. They then began franchising the company to facilitate further growth.

Location

As of 2010, SUBWAY has restaurants in 92 countries and territories.

Franchise Information

Starting a SUBWAY franchise involves a $12,000 franchise fee and start-up costs between $69,300 and $191,000 (as of 2010). Franchise owners must pay an 8 percent basic royalty and 3.5 percent advertising royalty. The franchise fee and start-up costs for opening a SUBWAY are lower than the costs for many other similar franchises.

Fun Fact

In the United States, SUBWAY sells, on average, about 2,800 subs and salads each minute.

References

• SUBWAY: FAQs
• SUBWAY: How We Compare to Our Competitors
• SUBWAY: History