SUBWAY(R) Makes it Easier for Veterans to Own and Operate Their Own Businesses
New Veterans Program will Waive or Reduce Franchise Fees
MILFORD, Conn., Dec. 29, 2010 // PRNewswire // -- The SUBWAY® restaurant chain is proud to announce that it has introduced a new program for military Veterans designed to greatly reduce their costs associated with the purchase of a new SUBWAY® franchise.
The franchise fee of $15,000, already one of the most reasonable in the quick service restaurant (QSR) industry, is now waived for any honorably discharged veteran who wishes to open a SUBWAY® restaurant on a government or military installation. In addition, the franchise fee will be reduced by 50-percent for any veteran opening a SUBWAY® restaurant at any non-military or non-government location.
"This is our way to honor the brave men and women who have served our country over the years by providing a viable option for their post-military careers," says Don Fertman, Chief Development Officer for the SUBWAY® restaurant chain. "Veterans have put themselves in harm's way while defending our nation. We cannot thank them enough. This small gesture will make it easier for veterans to adjust to civilian life or help them follow their dream of owning and operating their own business."
SUBWAY® franchisee John Pryor, a Vietnam Veteran who served five years in the U.S. Air Force, said the new policy targets a group of individuals who have proven that they have the dedication to get the job done and leadership skills necessary to open, operate and succeed in their own small business. John, who also holds a communications degree from the University of Central Florida, said he believes that his military background has helped him in all aspects of his business.
"If you are known by the company you keep, then this company is already blessed to have some of the greatest franchisees in the world operating Subway restaurants," said John, who owns eight SUBWAY® stores located throughout Central Florida. "Now, as a token of appreciation for their commitment and service, Subway will recognize veterans for all they have done by making this special business opportunity available to them. I know the company will benefit from bringing even more veterans into the business and I applaud Subway for making this move for such a deserving group."
About SUBWAY® Restaurants:
The SUBWAY® restaurant chain has a long history of working with all branches of the U.S. military in providing a taste of home to the thousands of service men and women stationed on bases in the U.S. and overseas. The brand currently has more than 250 military locations around the world including:
Air Force Academy, CO
Andrews Air Force Base, MD
Bagram Airbase, Afghanistan
Camp Pendleton, CA
Fort Benning, GA
Pearl Harbor Naval Station, HI
The Pentagon, VA
Rammstein Air Force Base, Germany
Walter Reed Army Medical Center, DC
Washington Navy Yard, DC
West Point Military Academy, NY
Headquartered in Milford, Connecticut, and with regional offices in Amsterdam, Beirut, Brisbane, Miami and Singapore, the SUBWAY® chain was co-founded by Fred DeLuca and Dr. Peter Buck in 1965. Their partnership, which continues today, marked the beginning of a remarkable journey -- one that has made it possible for thousands of individuals to build and succeed in their own business.
In the 2010 Zagat® Fast Food Survey, the SUBWAY® brand was ranked "number one" by consumers in the "Most Popular," "Top Service" and "Healthy Options" categories for food brands with 5,000 or more locations.
For more information about the SUBWAY® chain, visit www.subway.com.
SUBWAY® is a registered trademark of Doctor's Associates Inc.
SOURCE SUBWAY Restaurants