Case Study: Subway®
LEASE RENEWALS
The SUBWAY® brand is the world's largest submarine sandwich chain and continues to expand at a phenomenal rate, with an average of six stores opening in the UK and Ireland every week.
Subway Realty Limited (SRL) is a UK corporation dedicated to leasing properties for SUBWAY® franchisees. SRL enters into leases with landlords and developers, and then subleases the sites to the franchisees. The financial strength and stability of the SRL covenant ensures landlords get a concept which has a long track record of dependability and the brand strength of more than 34,000 locations worldwide.
Rent Reform has effectively represented many SUBWAY® franchisees in their lease extension/renewal negotiations with their landlords. Due to the excellent covenant strength of the SRL brand, landlords are keen to keep the franchisees in occupation and Rent Reform has successfully achieved good incentives from landlords in return for these lease extension/renewals.