Business · 2
What was Fred DeLuca's original financial goal in borrowing $1,000 to open his first sandwich shop in 1965?
Answer
To pay for college tuition
DeLuca took the loan from family friend Peter Buck specifically to cover his college tuition, with no plan at the time to build a restaurant chain.
💡 Did you know?
Subway founder Fred DeLuca started his first sandwich shop at age 17 with a $1,000 loan from a family friend to pay for college tuition, accidentally creating a 37,000-location empire.
Other options people guess
- To buy a new car
- To pay off family debt
- To fund a second store location
Topics
- franchising
- subway
- entrepreneurship
- startup-origins
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