One major franchise that will require a small investment and offers a range of possible locations to franchisees is Subway, belonging to Doctor’s Associates, a Florida corporation with headquarters in Milford, Connecticut. Started in 1965, subway breakfast menu has more than 25,278 units in 83 countries and annual sales exceeding $3.9 billion.
Subway publishes a franchise-offering circular for prospective franchisers which includes the names, addresses, and cell phone numbers of active franchise holders, listed by state. Subway encourages the potential franchise buyer to visit and notice the restaurant in which they are training. The initial fee is $15,000 for first-time franchise buyers. This fee is reduced to $4,000 for qualified owners purchasing additional franchises. Total initial investment by the franchisee ranges from $94,300 to $222,800, depending on location and equipment needs. Nontraditional locations may require much less capital.
Subway units are situated in a wide range of sites including schools, colleges, offices, hospitals, airports, military bases, supermarkets, and truck stops-even casin.os. Most remarkable will be the company’s statement that under 1 percent of the units fail, which can be partly taken into account by franchise holders’ options to sell their unit or resell it towards the company. Based on company approval, the area, hours of operation, and additional food items offered are flexible. The standard https://www.storeholidayhours.org/subway-menu-prices/, however, can not be omitted.
No person should purchase a Subway franchise-or any other restaurant-without backup learning and experience. Subway franchise buyers attend the Franchise Training Program at headquarters at their very own expense. Some 2,000 franchisees annually attend the two-week course covering management, accounting and bookkeeping, personnel management, and marketing. On-the-job training in nearby Subway restaurants is scheduled as well, totaling 34 in-store hours.
Three or four trainees are assigned to a training restaurant. The buyer pays a weekly franchise fee of 8 percent and a 3.5 percent advertising fee according to sales. The customer has a choice of life insurance; health insurance is another purchase option. Each franchise buyer turns into a copy of a confidential operations manual containing about 580 pages. Menu Selection Subway’s flexibility in offering service in various locations is also noticed in the kinds of food offered: submarine sandwiches, salads, cookies, a low-fat menu featuring sandwiches with less than 6 grams of fat, along with a low-carb option featuring wraps.
Subway features bread things that are prepared from frozen dough and served fresh from your oven. The frozen dough is thawed in a retarder unit in a refrigerator. The bread rises in a proofer and is also then baked in a convection oven, where a fan speeds the baking process. Bread formulas are specified at company headquarters and uniformly followed worldwide. Fresh-baked goods include white and wheat scored bread, deli-style rolls, wraps, breakfast selections (at some stores), cookies, and specialty items such as apple pie.
Subway History The Subway story began when Fred DeLuca, its cofounder, was 17 yrs old. He as well as a family friend, Dr. Peter Buck, worked together on a business plan for a submarine sandwich shop. It took them four hours to create and was implemented with a loan of $1,000 from Dr. Buck. The very first restaurant was opened in Bridgeport, Connecticut, in 1965.
It did well in the first summer with the aid of advertising slogans like ”Put a foot within your mouth,” emphasizing the foot-long sandwich, and ”When you’re hungry,make tracks for is subway open today.” When summer ended, so did most of its sales. Dr. Buck suggested tjyxda a second restaurant. ”That way men and women will see us expanding and feel that we’re successful.” It had been not until they had five stores and locations that the stores began earning money. DeLuca has evolved the company’s system of franchise development many times through the years and it has kept the idea basic and relatively inexpensive for franchise buyers.