Business Type: Personal
Industry Type: Fast Food
Founded In: Bridgeport, Connecticut, U. S. (1965)
Founders: Sally De Luca and Peter Buck
Headquarters: Milford, Connecticut, USA
Key people: Fred De Luca(President)
and other food items.
Revenue: в–І dollar 9. 0305 Billion UNITED STATES DOLLAR P. A
Owners: Physician's Associate Inc.
Website: subway. com
Subway is a north american food restaurant which markets Sandwiches, Burgers, Salads and other drinking items. It is possessed and operated by Doctor's Associate Inc of USA. Subway is among the fastest developing restaurants in the world with around 33, 566 franchises in 92 countries as of August, 1st 2010.
Is it doesn't largest single-brand restaurant and franchise sequence globally as well as the second largest restaurant user globally after Yum! Brands (35, 500 locations). Subway has the most significant number of dispenses in UNITED STATES than anyother QSR Resturant. Subway's primary Headquarters are located in Milford, Connecticut, UNITED STATES and five regional centers support Subway's growing intercontinental operations.
The regional office buildings for European franchises are situated in Amsterdam, Netherlands. Australia and Fresh Zealand. While support Business office are located in Brisbane and Australia. The center Eastern spots are recognized from office buildings located in Beirut, Lebanon. The Asia Pacific cycles locations via Singapore; Pakistan and india and the Latina America support center is at Miami, Fl. In Uk the company hopes to expand to 2000 restaurants by some time in 2010. History
In 1965, Sally De Luca borrowed $1, 000 from his relatives friends; Haydee Pinero and Peter Buck to start his first sub shop. At this point he was just 17В years aged. He was raising money to fund his university dues. Dr . Peter Money suggested to Fred that he should open a sandwich shop in order to make enough money to cover college tution.
After increasing the money, this individual deeply analyzed the different places in Connecticut for his new resturant. At last he decided to create his resturant in a sub-par location of Connecticut, that has been the corner of East Main Avenue, Boston Avenue in Bridgeport, Connecticut.
By noon around the opening working day, he saw a number of buyers were flowing in. Having been surprised to get a tremendous response from the consumers. On the radio advertisement that were there promoted the name of his resturant as Pete's Submarines, which will sounded just like " Pizza Marines", so they transformed the brand to " Pete's Subs"; eventually they adopted the " Subway" name and so they decorated your local store with roadmaps of the Nyc subway program; a theme that continues to this time. As of January 30, 2008, the company offers 32, 401 franchised spots in 91 countries and produced US$9. 05В billion in sales every year. In 3 years ago, Forbes journal named James De Luca # 242 of the 4 hundred richest Americans with a net worth of $1. 5В billion.
In addition to the locations of classic restaurants, Subway operates in various nontraditional places. For instance, there are over nine hundred Subway places inside of Wal-Mart stores and 200 in military angles, including a number of in Korea and Afghanistan, there are 3 branches located inside The Government, as well as a growing number about college and university campuses.
In United Kingdom, the company has introduced a new idea of mobile resturants which are responsible for providing the items to the customers at hassle-free locations. Today it is possessing more than US 9. 05 billion dollars sales globally. Subway eating places have been regularly ranked in Entrepreneur Magazine's Top 500 Franchises and was selected as the #2 general franchises in 2008. In addition , it was positioned as the #3 " Fastest Growing Franchise", as well as the #1 " Global Franchise" as well.
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