SUBWAY FRANCHISE By Jory Bell HOW IT GOT

SUBWAY FRANCHISE By Jory Bell

HOW IT GOT STARTED • Fred Deluca borrowed $1, 000 from his friend Peter Buck to start a sandwich shop • In 1965 Pete’s super subs opened in Bridgeport, Connecticut

EXPANSION • On 1966 Fred and Peter formed the Doctors Associates Inc. to oversee the company as it expanded • This has nothing to do with a medical organization • Named this in hope that the company will pay off Fred’s medical tuition

FRANCHISE BEGINS • By 1974 Fred and Peter had 16 owned and operated stores • • A little much for two people to manage The subway franchise began

OPENING NEW STORES • 1975 - Subway opens first store outside of Connecticut in Massachusetts • 1977 – Snack sub is introduced. Later called the 6 inch

STORES REACHING IN THE HUNDREDS • 1981 – 200 th store opens in Renton, Washington • 1982 – In just one year subway opens another 100 restaurants with the grand total being 300 • 1983 – Came out with freshly baked breads

FRANCHISE EXPANSION • By 1984 the company was claiming to be the largest sub chain in the United States • Also in 1984 the first store opened outside of the U. S. in Bahrain

REACHING IN THE THOUSANDS • 1985 - 500 th store is opened and first restaurant is opened in Puerto Rico • • 1986 - Subway expands into Canada 1987 – 1, 000 th store is opened and subway expands into Hawaii and the Bahamas

MORE EXPANSION • 1988 – 2, 000 th store opens and Entrepreneur Magazine lists subway as #1 franchise • 1990 – 5, 000 th store opens and stores open in Mexico • 1991 – Subway comes out with the kid meal

OPENING IN INTERESTING AREAS • 1992 – Subway participates in school lunch programs and opens in Japan and Saudi Arabia • • 1993 – Subway opens in gas stations 1995 – Subway sponsors an Indy race car and appears in movies like the Simpsons and Ace Ventura Pet Detective

NEW MENU ITEMS • 2004 – Toasted sandwiches are introduced • • 2008 - $5 foot long is introduced 2017 – Subway has 44, 000 stores in more than 100 countries • Subway is still privately held

COST OF STARTING A SUBWAY • The company charges a $15, 000 franchise fee • Startup cost range from $105, 800 to $393, 600 • The company takes 12. 5% of gross income • On average Subway stores generate $422, 000 annually

SUBWAYS LOCAL COMPETITORS • Footers – Family owned business. 6 inch club = $4. 70 • Gulliver's – Family owned Business. 6 inch club = $8. 75 • • • Deli at super pumper. 6 inch club = $5. 00 Reynolds 6 inch club = $4. 79 Subway 6 inch club = $4. 75

WORK CITED • • https: //www. subway. com/en-US/About. Us/Timeline https: //www. subway. com/en-US/About. Us/History https: //www. britannica. com/topic/Subway-restaurant-chain https: //www. businessinsider. com/what-it-costs-to-open-asubway-2015 -3