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Subway IP LLC, [8] trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps. It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines [ 9 ] in Bridgeport, Connecticut .
In February 2017, Intervias Group purchased 78 UK properties from Kout Food Group, this including all 70 Little Chef sites (some with attached Burger King and Subway franchises) and eight standalone Burger King sites for £16 million. [30] [31] The group would then transform the Little Chef sites into franchise partners by October 2018. [32]
Subway is one of the cheapest major fast-food restaurants to franchise. Subway's fee for becoming a franchisee is $15,000 and startup costs, which include construction and equipment leasing ...
Country of origin Name Number of locations Revenue 1 China Mixue Ice Cream & Tea: 45,000 (2024) [1]: 168 RMB13.6 billion (2021) [1]: 247 : 2 United States McDonald's ...
[66] [67] The deal also included ownership of fast-food chain Leon, as well as the purchase of 462 Burger King, Greggs and Subway franchises. [ 68 ] In June 2024, Zuber Issa announced he will sell his 22.5% stake in Asda to TDR Capital which would make them the majority owner, controlling 67.5% of the company in the third quarter of 2024. [ 69 ]
Dortch Enterprises (DE) is a company in the restaurant business as a Subway and Taco Bell multiunit franchise operator and formerly owned the Halo Burger chain. Dortch was only one of 38 out of the 17,000 Subway franchisees worldwide that owns 40 or more locations. [1] The company as of August 12, 2019 has 21 Subway and 24 Taco Bell locations. [5]
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