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  • Essay / History of Subway - 576

    Subway, one of today's leaders in the fast food industry, was founded in 1965 in Bridgeport, Connecticut by Fred DeLuca. A family friend 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 $1,000 loan. There has been a huge growth in business relationships that has changed the landscape of the fast food industry. (The History of the Metro) Their goal was to create 32 stores within 10 years of their creation. Providing excellent customer service, high quality products, keeping operating costs low and finding good locations are the key factors in Subway's success. These continue to serve as the basis for successful SUBWAY restaurants around the world. (Subway History) By 1974, 16 underwater sandwich shops were open and operated by the two partners throughout Connecticut. They realized that they would not reach their goal of 32 stores in time. They then embarked on franchising, launching the SUBWAY brand into a period of remarkable growth that continues to ...