Sandwich shops are everywhere, but only a few of those establishments carry trustworthy brand recognition like subway phone number. 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 their tuition fees for college. Just like other businesses, the sandwich shop struggled during the first couple of 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 possibilities were presented 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 curriculum, and consumer loyalty. As being a successfully created niche in the sandwich industry, Subway continues to develop its menu; its fresh and delicious salad selections provide a remarkable share in the business’s overall revenue. The owners’ mere thousand-dollar initial investment surely paid off very well.
Subway Franchise Information
As of today, there are about 21,000 Subway franchises in the United States alone, 2,300 locations in Canada, and more than 5,500 in 80 other countries around the world. The parent company will not own any Subway franchises, meaning that franchisees will no longer contest with your home office for market share or sales. Based on the quantity of franchisee applications that this company receives each year, Subway is a popular option among aspiring and determined entrepreneurs. All successful franchisee applicants residing in america receive two weeks extensive training at Subway’s headquarters in Connecticut. Away from 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 during these training facilities. A Subway franchise works as a training ground for owners to perfect the role of a sandwich artist. Sixty five percent of subway headquarters address franchise owners manage more than one location, with at least 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 owners of a franchise receive continuous training. This is inclusive in the franchise fee. The training covers field operation evaluations, monthly newsletters, opening assistance, as well as customer service support. Marketing and promotion plays an important role in a Subway franchise. Its ad campaigns are truly remarkable and memorable that they become area of the social fabric. When choosing a Subway franchise, you take advantage of 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 not any exception to this fact, but in comparison to other franchises, the subway breakfast menu is very reasonable. To buy a franchise location, you need to pay a primary 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 caused by the different real estate prices in various states and countries. You require swojxr possess 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 protect the Subway franchise fee as well since the equipment you should purchase. Third party financing is also available should you need additional capital for start-up costs.