Sandwich shops are everywhere, but very few of such establishments carry respectable brand recognition including subway email address. In 1965, two men opened a sandwich shop with just several thousand dollars as investment. Both men hoped to earn enough money from this venture to cover their tuition fees for college. Just like other businesses, the sandwich shop struggled during the first several years, but the sales somehow took off after some 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, which now rank at the top of virtually every franchise service ratings on the market. Subway excels at categories like franchisee satisfaction, best training course, and customer loyalty. As being a successfully created niche in the sandwich industry, Subway consistently develop its menu; its fresh and delicious salad selections provide a remarkable share in the company’s overall revenue. The owners’ mere thousand-dollar initial investment surely paid back very well.
Subway Franchise Information
Since today, there are about 21,000 Subway franchises in the usa alone, 2,300 locations in Canada, and more than 5,500 in 80 other countries all over the world. The parent company will not own any Subway franchises, which means that franchisees no longer contend with the home office for market share or sales. Based on the quantity of franchisee applications the company receives every year, Subway proves to be a favorite option among aspiring and determined entrepreneurs. All successful franchisee applicants residing in the usa receive two weeks extensive training at Subway’s headquarters in Connecticut. Outside of the country, training facilities can be found in Canada, India, China, Australia, and Germany. Subway franchisees learn operational methodology, basic management skills, 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 all the subway corporate office franchise owners manage several location, with a minimum of six to ten staff for each and every unit. If you wish additional franchise information, you can have it on the official Subway website.
Continuous Support for Owners of Subway Franchises
Brand new those who own a franchise receive continuous training. This really is inclusive in the franchise fee. The training covers field operation evaluations, monthly newsletters, opening assistance, as well as customer support support. Marketing and promotion plays an important role in a Subway franchise. Its ad campaigns are truly remarkable and memorable that they become part of the social fabric. When buying 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 discover on the market today require an upfront payment to franchisors. Subway is not any exception for this fact, but compared to other franchises, the subway menu is quite reasonable. To get a franchise location, you have to pay an initial franchise fee of only $15,000. The company estimates a total investment that ranges between $79,000 and $240,000. Variations in figures are caused by the assorted real estate prices in numerous states and countries. You require swojxr possess a net worth of a minimum of $30,000 and a cash liquidity of $80,000 to $300,000. The Subway Corporation offers in-house financing to pay for the Subway franchise fee as well since the equipment you need to purchase. 3rd party financing can also be available should you need additional capital for start-up costs.