This acquisition comes as Subway has been looking for options to reinvent itself.
Roark Capital Group is a firm known for owning other popular brands such as Arby’s, Auntie Anne’s, Buffalo Wild Wings, Carvel, and Sonic. The company aims to examine Subway’s operations and potentially trim expenses to maximize profits. Subway currently has around 21,000 locations domestically and 37,000 globally, but its global sales peaked in 2012 at $18 billion.
Roark Capital Group sees the potential for growth and hopes to bring Subway back to peak performance. Despite the bidding war for Subway, Roark Capital Group recognizes the potential synergies with its other food chains. The transaction signifies Subway’s long-term growth potential and the value it holds for franchisees worldwide.