More than 6000 jobs will be created in the UK, as Subway plans to open more than 2000 new stores from now to 2015. The sandwich chain has steadily increased its number of franchises in the UK since 2005, and has 1,423 stores to date, while worldwide the number rises to over 36,000 stores.
According to Subway, the plans for expansion were initiated by increased demand for food which is low cost and convenient. The chain is famous for the foot long sandwiches, made US style. The co-founder and president Fred DeLuca opened his very first store in 1965, at the age of just 17. DeLuca attributes the success of subway to the business model, with affordable start-up expenses. He said:
“We are particularly proud of the fact that over the years the Subway brand has been able to provide entrepreneurs with business opportunities where they can open and operate their own small business.”
The company have agreed to pledge responsibility alongside government policy, providing information of calorie content on all menus. The company intend to break into non typical markets like hospitals, petrol stations and airports, in the same way as Greggs the bakery store.
McDonalds has also announced the planned recruitment of at least 2,500 employees in 2012, while Morrison’s have also announced the purchase of 10 stores, previously Best Buy stores. The supermarket giant intends to build on its own brand of childcare products, Kiddicare.com. Around 700 jobs will be created with an investment of £15 million.
Want to learn more?
Subscribe to our newsletter to get accounting tips like this right to your inbox