Entrepreneur Magazine released its annual Franchise 500 list and has named Subway Restaurants best franchise for 2010.
For 31 years, the magazine has published a “Franchise 500” issue, which ranks American franchises across all industries. Subway has won top honors nine times in the last decade (7-Eleven won in 2008).
For 2010, the issue cites growth (1,833 new restaurants in 2009) and manageable franchisee startup costs (as low as $84,000) as reasons the Connecticut-based sandwich shop continues to dominate the list.
McDonald’s follows Subway at number two, the only other fast-food chain in the top ten.