Entrepreneur Magazine Names Brand #1 Franchise
Opportunity for Incredible 16th Time in 22 Years
MILFORD, Conn., Dec. 31 /PRNewswire/ -- The
SUBWAY(R) restaurant chain has once again been named the Number One Franchise
opportunity for 2009 by Entrepreneur magazine in its Annual
"Franchise 500" rankings. The brand was also named the Number One
Global Franchise opportunity.
This is the 16th time in 22 years of rating
franchises that the SUBWAY(R) chain has been recognized with the overall top
honor. When the chain was first named the Number One Franchise by Entrepreneur
in 1988, it had about 4,000 locations, mostly in the U.S. This year, the chain
passed the 30,000 location mark, spanning 87 countries and territories around
the globe, putting it only about 3,000 locations away from becoming the single
largest fast food chain in the world.
The "Franchise 500" rankings are the
most comprehensive franchise rankings in the world and considers many factors,
including financial strength and stability, growth rate, size of the system and
start-up costs.
John Musco, who has been with the brand as a
developer working with franchisees for the past 32 years, said the success of
the SUBWAY(R) system is linked to the amount of support available to
franchisees.
"The amount of franchisee support
provided throughout the whole system -- and the fact that someone can pick-up a
phone and talk to a person -- makes us more personable and that kind of support
is a big deal to people. Our system is designed to help, but we also give the
franchisees the freedom to be their own boss, the freedom to be an
entrepreneur," said John, who, along with his business partner Paul
Landino, started out as franchisees in 1976.
John and Paul have spent the past 22 years as
Development Agents in the SUBWAY(R) system and have helped grow the business to
416 stores in their territory, which includes parts of Connecticut and New
York.
Company co-founder and President Fred DeLuca
attributes the brand's success to the thousands of people -- franchisees and
support personnel -- who make up what he calls "the number one franchising
team in the history of the industry!"
The SUBWAY(R) team success stories includes:
The SUBWAY(R) restaurant chain is the world's
largest submarine sandwich franchise, with more than 30,000 convenient
locations in 87 countries. Headquartered in Milford, Connecticut, and with
regional offices in Amsterdam, Beirut, Brisbane, Miami, and Singapore, the
SUBWAY(R) chain was co-founded by Fred DeLuca and Dr. Peter Buck in 1965.
For more information about the SUBWAY(R)
chain, visit www.subway.com. For more information on the SUBWAY(R) brand's
sustainability efforts, visit the Eat Fresh/Live Green page, accessible through
the subway.com and subwayfreshbuzz.com web sites.
SUBWAY(R) is a registered trademark of
Doctor's Associates Inc.
Website: http://www.subway.com/