Expansion plan for Subway sparks job increase
3 July 2017 | 0
The Subway brand has recently announced a plan to continue to expand their stores across the UK and Ireland. As the largest Quick Service Restaurant brand in the UK and Ireland, Subway plans to have opened 500 additional stores, creating around 5,000 new jobs between the UK and Ireland.
By 2020 franchisees will employ approximately 24,000 full and part time employees, and they are currently employing over 40 head staff members the UK head office. The Subway brand contribution to business creation in a wider sector has increased, representing 1.1% of new businesses in the food and beverage industry. The brand is the world’s larget submarine franchise, with approximately 44,000 locations in more than 112 countries.
In a survey conducted by the Centre for Economic and Business Research (CEBR), they found that 82% of franchisees thought Subway stores had a positive effect on the local area of surrounding their location. The CEBR stated: “Subway franchisees provide employment opportunities in local communities and offer healthier menu choices, especially compared to other food retail outlets.”
The expansion plan is a response to consumer demand for an affordable meal with healthy, quality ingredients. Serving over three million customers per week, Subway’s most recent turnover was £515 million, with a gross value added (GVA) of £248 million. Peter Dowding, County Director for UK and Ireland comments on the brands success saying: “Our fantastic growth is a testament to the hard work and effort of our franchisees. Our franchise model is tried and tested, it works for entrepreneurs and it works for us.”
Along with their expansion, Subway has announced it will only sell low or no sugar drinks and increase access to fruit and vegetables, staying true to their commitment of healthier menu options.