Subway continues to be one of the largest investors in commercial foodservice equipment thanks to a roll-out programme designed to cement its position as one of the most ubiquitous chains in the industry.
To do that, it will need to be opening new restaurants at a rate of almost one every other day. Peter insists that Subway’s franchise model is “tried and tested” and will deliver the growth it is targeting.
“We are confident our business model will continue to grow as more and more consumers demand great-tasting food at a value price-point. With 5,000 new jobs expected over the next three years, opening up a further 500 stores demonstrates not only the value of the business to our franchisees but also collectively the real and significant contribution to British and Irish economies.”
Key equipment developments this year include the purchase of bespoke Fracino coffee machines designed solely for high volume sites.
The most recent total turnover of Subway stores was calculated at approximately £515m (0.9% of the food and beverages services industry turnover), with a GVA of nearly £250m.
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