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Updated RecentlySubway Franchise
Submarine sandwich restaurant chain
In 1965, 17-year-old Fred DeLuca and family companion Peter Buck opened Pete's Super Submarines in Bridgeport, Connecticut. With a credit from Buck for just $1,000, DeLuca trusted the modest sandwich shop would procure enough to put him through school. In the wake of battling through the initial couple of years, the organizers changed the organization's name to Subway and started diversifying in 1974. Offering a new, solid contrasting option to fast-food eateries, Subway has establishments all through the United States and in a few nations, with areas in customary and nontraditional locales alike.
In contrast with different rivals in the fast food industry, where franchisees need to pay millions, - for example, McDonald's ($1-2 million) and KFC ($1.3-2.5 million), investors in Subway need to pay just a portion of that.
The total investment is an estimated $150,050 - $328,700 in the United States and $102,000 to $234,000 in Canada.
Veteran Incentives Franchise fee waived if opening on a
military/government location; 50% off franchise fee if opening on
non-government location but receiving government financing
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How much does it cost to open a Subway Franchise?
The investment required to open a Subway Franchise is between $139,550-$342,400. There is an initial franchise fee of $15,000 which grants you the license to run a business under the Subway name.
Individual Unit Costs
- Initial Investment:
$139,550-$342,400 - Initial Franchise Fee:
$15,000 - Royalty Fee:
8% - Advertising Fee:
4.5% - Term of Agreement:
20 years - Renewal Fee:
none
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Subway News & Press Releases
When did Subway start Franchising? 1974
United States: Nationwide
International: Worldwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | Yes | Yes |
| Startup Costs | No | Yes |
| Equipment | Yes | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | No |
Training
On-The-Job Training: 33 hours
Classroom Training: 62 hours
Additional Training: Training available in Australia, China, Germany, India, Montreal, Canada & Miami
Support
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
65% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 8-12
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
Business Experience:
To calculate how much income a franchise owner can do at Subway Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for Subway and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Subway franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Subway
Subway
325 Sub Way
Milford,
CT
06460
