1 / 6

Subway Franchise

Subway Franchise. Kaylie Means. Background. Subway was established in 1965 by 17-year-old Fred DeLuca and his friend Peter Buck. Originally called Pete’s Super Submarines in Bridgeport, Connecticut.

havard
Télécharger la présentation

Subway Franchise

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Subway Franchise Kaylie Means

  2. Background • Subway was established in 1965 by 17-year-old Fred DeLuca and his friend Peter Buck. • Originally called Pete’s Super Submarines in Bridgeport, Connecticut. • With only a $1,000 loan from Buck, Fred hoped to earn enough to put himself through college.

  3. Franchising • After struggling the first few years, the company’s name was changed to Subway and they began franchising in 1974. • They offered healthy, fresh alternatives to fast-food restaurants by providing salads, and healthy subs.

  4. Franchise units • Subway has franchises throughout the U.S. and in 98 other countries. • Total of 37,003 locations

  5. Franchise fee • The franchising fee is $15,000. • The franchise term agreement is 20 years and is renewable • 65% of all franchisees own more than one unit and needs 8-12 employees to run each franchise. • 100% of current franchisees are owner/operator owned.

  6. Franchisee requirements • 2 Weeks training, available at headquarters. Training in Australia, China, Germany, India, Montreal, Canada, and Miami FL. Milford, CT. • Need to be a Franchisee Association Member and a direct financial assistance. • Net Worth of $30,000 - $90,000 • Liquid Cash Available $80,000 - $310,000 • Total investment - $85,000 - $260,350

More Related