Subway opened in 1965, when 17-year-old Fred DeLuca received a $1,000 investment from a friend of his family, Dr. Peter Buck. Buck suggested using the money to open up a sub shop, because it would be a good way for DeLuca to pay for college and medical school.
On August 28, 1965 DeLuca opened Pete’s Super Submarines in Bridgeport, Connecticut. However, on the radio ads, it sounded like “Pizza Marine,” so they changed the name to Pete’s Subway and later to Subway.
In 1974, DeLuca started franchising and he went through a bit of a learning curve, but he was soon able to jump from 16 stores to 200. Since 1987, 1,000 Subways open every year. As of mid-2015, Subway is the biggest restaurant chain, with the most franchises in the world.
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