Subway exploring possible $10 billion sale – IOTW Report

Subway exploring possible $10 billion sale

JTN- Popular sub-sandwich corporation Subway is reportedly exploring a sale that could value the company at around $10 billion, according to media reports. 

The rumored sale “is expected to attract potential corporate buyers and private-equity firms,”  the Wall Street Journal reported on Friday, citing “people familiar with the situation.”

The chain was founded in Bridgeport, Conn., in 1965 and has over 36,000 locations worldwide.  more

14 Comments on Subway exploring possible $10 billion sale

  1. I’m under the impression most of their stores are franchises. I know the three in out little town are because I know the guy that owns them. Seems kinda steep for a shit load of franchises.

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  2. The last time I was in a Subway was maybe 15 years ago. The girl behind the counter had a nose piercing with a nasty infection going. I left without ordering. There’s a much better local sub shop just down the street anyway.

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  3. A good time to sell before sky-high minimum wages for unskilled work become too prevalent. That will lead to a lot of store closings. Of course if our economy totally tanks and I believe it must, then that will curtail the minimum wage increase but will result in scores of store closings.

    Franchise stores are still big bucks for corporate. Think of everything it takes to produce a sandwich that is branded. Then, realize that the meats, the veggies, the toppings, the cups, the soda, everything, must be purchased through corporate. The only thing corporate doesn’t make money on is the air in the store.

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  4. That’s kinda how I view them too – convenient, quick and cheap lunches. Never had any problems with Subway and like McDonalds, you always knew what you were going to get.
    Are there better subs? Of course, but you pay more for them. Personally I really like the grilled subs at Firehouse and Penn Station.

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  5. They are really all franchises. Like most resturaunt chains the actual corporation is in the leasing and licensing business, not the sandwich business and I understand the relationship between the corporation and the franchisees is badly broken in this case not the least from the fact that the corporation allows too many stores too close together.

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