Topic > History of Subway - 576

Subway, one of the current leaders in the fast food industry, was founded in 1965 in Bridgeport, Connecticut by Fred DeLuca. A family friend of his suggested this idea to help him pay for his studies to realize his dream of becoming a doctor. Dr. Peter Buck, one of Fred's friends, agreed to become his partner with a loan of $1,000. There has been a tremendous growth in business relationships that has changed the landscape of the fast food industry. (The Story of Subway) Their goal was to open 32 stores within 10 years of starting them. Providing excellent customer service, high-quality products, keeping operating costs low and finding great locations are the key factors behind Subway's success. These continue to serve as the basis for successful SUBWAY restaurants around the world. (The Subway Story) By 1974, 16 submarine sandwich shops were opened and operated by the two partners throughout Connecticut. They understand that they will not reach the goal of 32 stores in time. Thus they began franchising, launching the SUBWAY brand in a period of notable growth that continues ...