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Subway is one of the cheapest restaurants to franchise. The company charges a $15,000 franchise fee and startup costs range from $105,800 to $393,600.
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. [32] [33] The group would then transform the Little Chef sites into franchise partners by October 2018. [34]
It then grew to nearly 5,000 restaurants; by 2013, Quiznos was the second-largest submarine sandwich shop chain in North America, behind Subway. [5] It filed for bankruptcy in 2014; by 2016, it had dropped to ninth place, [ 6 ] and the number of Quiznos locations in the United States fell from a 2007 high of 4,700 to just 400 a decade later.
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