Sandwich shops are everywhere, but only a few of those establishments carry respectable brand recognition like subway corporate office. In 1965, two young men opened a sandwich shop with just several 1000 dollars as investment. Both men hoped to earn enough money from this venture to pay their tuition fees for college. Just like others, the sandwich shop struggled during the first couple of years, but the sales somehow took off over time. That was when they changed the name of the shop from “Pete’s Super Submarines” to “Subway”. Subway franchise opportunities were introduced in 1974, and these now rank at the top of virtually every franchise service ratings available in the market. Subway excels at categories like franchisee satisfaction, best training program, and customer loyalty. As a efficiently created niche within the sandwich industry, Subway continues to develop its menu; its fresh and delicious salad selections offer a remarkable share in the business’s overall revenue. The owners’ mere thousand-dollar initial investment surely paid back very well.
Subway Franchise Information
Since today, there are approximately 21,000 Subway franchises in america alone, 2,300 locations in Canada, and more than 5,500 in 80 other countries all over the world. The parent company fails to own any Subway franchises, which means that franchisees no longer compete with the home office for market share or sales. Based on the quantity of franchisee applications that the company receives annually, Subway turns out to be a popular option among aspiring and determined entrepreneurs. All successful franchisee applicants residing in america receive fourteen days extensive training at Subway’s headquarters in Connecticut. Outside of the country, training facilities can be purchased in Canada, India, China, Australia, and Germany. Subway franchisees learn operational methodology, basic management techniques, as well as business concepts in these training facilities. A Subway franchise behaves as a training ground for owners to perfect the role of any sandwich artist. Sixty five percent of subway address franchise owners manage multiple location, with at least six to ten staff for each and every unit. If you would like additional franchise information, you can get it in the official Subway website.
Continuous Support for People who own Subway Franchises
Brand new those who own a franchise receive continuous training. This can be inclusive within the franchise fee. The courses covers field operation evaluations, monthly newsletters, opening assistance, as well as customer care support. Marketing and promotion plays an essential role in a Subway franchise. Its ad campaigns are truly remarkable and memorable which they become area of the social fabric. When purchasing a Subway franchise, you benefit from the co-op advertising program, regional coupon mailing, and national marketing strategies that specifically target customers in a particular location.
Subway Franchise Cost and Fees
All franchise opportunities you find available in the market today require an upfront payment to franchisors. Subway is no exception to this fact, but when compared with other franchises, the subway breakfast is quite reasonable. To get a franchise location, you should pay a primary franchise fee of just $15,000. The company estimates an overall total investment that ranges between $79,000 and $240,000. Differences in figures result from the different property prices in different states and countries. You will need swojxr possess a value of at least $30,000 and a cash liquidity of $80,000 to $300,000. The Subway Corporation offers in-house financing to protect the Subway franchise fee as well as the equipment you have to purchase. 3rd party financing is also available if you need additional capital for start-up costs.