Subway, which is headquartered in neighboring Connecticut, currently operates about 175 stores in Massachusetts, or one for approximately every 25,000 people. In nearby New England states Rhode Island and Maine, Subway reportedly has one store for about every 12,000 people. All Subway stores are owned and operated by franchisees, and Subway does not finance store opening costs that reportedly average between $150,000 and $250,000. Subway operates about 31,000 stores globally (Hamel, 2007).
Subway's Massachusetts expansion plans follow a recent reported partnership with yogurt retailer Red Mango that will place branded outlets of Red ...