Sandwich shops abound, but only a few of these establishments carry reputable brand recognition like subway headquarters address. In 1965, two young men opened a sandwich shop with just a few 1000 dollars as investment. Both men hoped to earn enough money from this venture to pay for their tuition fees for college. Just like other businesses, the sandwich shop struggled during the first few years, however 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 possibilities were introduced in 1974, which now rank at the top of just about every franchise service ratings available in the market. Subway excels at categories like franchisee satisfaction, best training course, and customer loyalty. As a successfully created niche in the sandwich industry, Subway will continue to 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 repaid very well.
Subway Franchise Information
At the time of today, there are about 21,000 Subway franchises in america alone, 2,300 locations in Canada, and more than 5,500 in 80 other countries around the world. The parent company fails to own any Subway franchises, which means that franchisees will no longer contest with the home office for market share or sales. Based on the number of franchisee applications the company receives every year, 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 the country, training facilities can be purchased 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 works as a training ground for owners to perfect the role of a sandwich artist. Sixty 5 percent of all the subway customer service franchise owners manage multiple location, with at least six to ten staff for each unit. If you wish additional franchise information, you can have it in the official Subway website.
Continuous Support for Owners of Subway Franchises
All new those who own a franchise receive continuous training. This is inclusive inside 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 that they become part of the social fabric. When choosing 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 locate available in the market today require an upfront payment to franchisors. Subway is no exception to this particular fact, but compared to other franchises, the subway breakfast menu is very reasonable. To get a franchise location, you need to pay an initial franchise fee of only $15,000. The company estimates an overall total investment that ranges between $79,000 and $240,000. Differences in figures are due to the varied real estate prices in different states and countries. You will need swojxr use a value of at the very least $30,000 as well as 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 as the equipment you have to purchase. Third party financing is additionally available should you need additional capital for start-up costs.