1. Subway Franchise
By Jory Bell

2. 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

3. 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

4. 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

5. Opening new stores
Subway opens first store outside of Connecticut in Massachusetts
1977 – Snack sub is introduced. Later called the 6 inch

6. Stores reaching in the hundreds
1981 – 200th 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

7. 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

8. Reaching in the thousands
th store is opened and first restaurant is opened in Puerto Rico
Subway expands into Canada
1987 – 1,000th store is opened and subway expands into Hawaii and the Bahamas

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

10. 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

11. New Menu Items 2004 – Toasted sandwiches are introduced
$5 foot long is introduced
2017 – Subway has 44,000 stores in more than 100 countries
Subway is still privately held

12. 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

13. 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

15. Work Cited https://www.subway.com/en-US/AboutUs/Timeline