Fred DeLuca’s Subway Franchise Success Story

Today News Buzz! – Fred DeLuca, the founder of Subway chain who started the business in 1965 in Connecticut, USA was starting the business with a $1,000 loan. Many years later, the Subway franchise business was then grown into a multi-billion dollar business.

The business was started with his dream to be a doctor. Has just graduated from his high school, 17 years old Fred was wondering how to get the money required to pay his education cost. He was then visited Dr. Peter Buck a family friend, who then recommended him to start a submarine sandwich shop. Dr. Peter Buck considered sandwich shop as potential business after seeing spectacular success with the same business in his hometown, and promised Fred to help and assist him if he was willing to open similar business. Seeing no better option, Fred took one thousand dollar loan from Dr. Peter Buck and opened Pete’s Super Submarines which then the shortened to Subway franchise business.

With hard work and adaptation with new challenges, the business has grown to a better and bigger quality. The Subway franchise has been crowned as the number one franchise opportunity by Entrepreneur magazine for the the 17th time in the past 22 years.

•Today News Buzz!