Subway Tops Entrepreneur's Franchise 500

The Subway Franchise has been named No. 1 franchise by Entrepreneur Magazine. Subway is on pace to exceed McDonald's (No. 2 on Entrepreneur Magazine's Franchise 500 list) by number of units open within 5 years. Even with the worst economic times since the great depression, Subway CEO Fred Deluca says 2008 was Subway's "best year ever."

In 2008, Subway hit the 30,000 mark for units open and is scheduled to open 1,600 more in 2009. In addition, 2,400 more franchisees have already bought in and are waiting in line to open. Subway CEO Fred Deluca says "We work hard to be extremely efficient. We give great value for our franchisees: They can build a store for well under $200,000."