Subway continues global expansion with over 10,000 future restaurants
More than 20 master franchise agreements in three years fuels the brand’s international growth, including doubling of new restaurant openings.
Subway is making progress on its global growth strategy to expand its footprint, with the signing of over 20 master franchise agreements in the past three years.
This milestone has resulted in more than 10,000 future restaurant commitments and contributed to over 40% of the brand's new restaurant openings this year. Seven of the 20 master franchise agreements have been signed in 2024, marking its entry into Paraguay and Mongolia.
In addition to entering new markets, the brand has also significantly expanded its presence across France, the Czech Republic, Luxembourg, Belgium, Switzerland, Liechtenstein, Brazil, El Salvador and Guatemala.
"By working with the right partners, we are making significant strides in modernizing our brand image with both new and remodeled restaurants, improving our overall guest experience, and growing digital sales," said Mike Kehoe, Global Chief Development Officer at Subway.
In total, these agreements will result in 2,000 future restaurant commitments, with more agreements expected before the year's end.
As one of the world's largest quick service restaurant brands, Subway operates across more than 100 countries and territories in nearly 37,000 restaurants.
