SUBWAY has 30246 Restaurants In 87 Countries.
HISTORY OF SUBWAY
It was the summer of ’65. "Satisfaction" was blasting from the speakers of newly minted Mustangs and GTOs. Lyndon Johnson was in the White House and The New York World’s Fair was offering a hope-filled but commercialized glance into the future.
excitement on a non-stop roller coaster ride that would eventually be called SUBWAY® Restaurants.
The duo had worked hard over the years. In fact, they had a goal of opening 32 submarine sandwich shops within 10 years. By 1974 they owned and operated 16 units throughout the state of Connecticut. Although it seemed unlikely that they would double that number in two years, DeLuca concentrated on expanding SUBWAY® Restaurants.
On a Monday night in 1974, Buck and DeLuca met with their attorney. With him, they discussed the future of their business. As they evaluated their options, talk turned to franchising. Franchising, they had previously thought, was for the big companies and had dismissed the idea. Now, being behind schedule, they were willing to look into it. All there was to do was recruit people who would invest their money and use Pete and Fred’s management system to open and run SUBWAY® restaurants in their hometown.
Rather than hiring consultants, DeLuca figured that the fastest way to expand the business was to go out and find a franchisee. That’s when he spoke to his friend Brian Dixon. DeLuca made him an offer that he couldn’t refuse. He told him about their franchising plans and offered to loan him the money to buy their restaurant located in Wallingford, Conn. DeLuca even said that if he didn’t like the business, he could return it to them and owe them nothing.
Dixon refused. He was used to getting a paycheck every week an ...