Subway was founded in 1965 by current CEO Fred DeLuca and Peter Buck. The first restaurant was called Pete’s Super Submarines and was located in Bridgeport, Connecticut.
In 1968, they began using the name Subway.
By 1974, there were 16 stores. The duo wanted to expand more quickly, so they began to franchise.
In 1977, the “Snak” sub is introduced. This later becomes the 6″ sub.
By 1982, there were 300 locations.
In 1984, the first franchise outside North America opened in Bahrain.
By 1987, there were 1000 locations.
By 1990, there were 5000 locations. The chain also expands to Mexico this year.
By 1995, there are 11,000 locations.
In 2002, Subway surpasses McDonalds by total number of restaurants.
Today, there are nearly 40,000 Subway restaurants in 109 countries worldwide. It is the largest single restaurant chain in the world.