Subway, the ubiquitous sandwich chain, has taken over as the world’s biggest restaurant chain by the number of establishments, according to a report.
According to a Wall Street Journal report, Subway has exceeded McDonald’s Corp. in the number of stores as of last year. Subway had 33,749 restaurants globally, while McDonald’s, in a filing with regulators, said that it had 32,727 stores as of Dec. 31, 2010.
However, McDonald’s remains the world’s biggest by sales in dollar terms, with annual revenues of $24 billion in 2010. While Subway made sales of more than $15 billion. Subway, which is privately owned by Doctor’s Associates, does not disclose profits.
Like McDonald’s Subway operates a franchise business model and has establishments in all major markets. It is currently attempting to increase its foothold in Asia, especially in China.
Subway is known for the “$5 Footlong” submarine sandwiches. According to the company, Subway has restaurants in Afghanistan and Tanzania, countries in which McDonald’s currently does not have any presence.
According to a Wall Street Journal report, Subway has exceeded McDonald’s Corp. in the number of stores as of last year. Subway had 33,749 restaurants globally, while McDonald’s, in a filing with regulators, said that it had 32,727 stores as of Dec. 31, 2010.
However, McDonald’s remains the world’s biggest by sales in dollar terms, with annual revenues of $24 billion in 2010. While Subway made sales of more than $15 billion. Subway, which is privately owned by Doctor’s Associates, does not disclose profits.
Like McDonald’s Subway operates a franchise business model and has establishments in all major markets. It is currently attempting to increase its foothold in Asia, especially in China.
Subway is known for the “$5 Footlong” submarine sandwiches. According to the company, Subway has restaurants in Afghanistan and Tanzania, countries in which McDonald’s currently does not have any presence.
