updated - May 18, 2013 Saturday EDT
It was 1965, when Fred DeLuca and his family friend Peter Buck opened a tiny sandwich shop in Bridgeport, Connecticut. They named it Pete's Super Submarines. Fred was 17 years old, and hoped the sandwich shop would be an enough help to put him through college. After struggling few years, the Pete's Super Submarines renamed Subway and began franchising in 1974. Now Subway is well known for fresh and healthy alternative in the trends of fast-food-restaurants, not only throughout the United States, but also in several countries. Subway has more than 25,278 units in 83 countries and annual sales exceeding $3.9 billion. Subway is one of the major franchises that requires a low investment and offers a range of possible locations to franchisees.
Franchise Review Written By: lauraG
If you have considered buying a Subway franchise, make sure to do your homework and learn all you can first. My husband and I found out that buying into the Subway franchise is not a guarantee of success. What it is instead is a blueprint that might help you achieve success. With hard work and dedication, you may make it a rewarding experience.
We took the time to read through all of the documents that come with owning a franchise and we talked to a lot of other franchise owners before we made the investment. It takes much of your hard earned money to buy into Subway so you should make sure that you know what you are committing yourself to before you pay any money.
Although you may enjoy the Subway commercials that feature Michael Strahan, that does not mean guaranteed success. If you have had nothing but positive experiences at Subway whenever you have eaten there, that also does not mean that you will automatically be successful with your franchise. If for some reason you have an emotional attachment to the idea of owning a Subway that is not the best attitude to have when you are evaluating and possibly making a commitment an opportunity of this caliber.
When trying to decide if buying a Subway franchise is the right choice for you, it is imperative that you determine from a business point of view if it is the right decision. Although it may cost some money, it is important that you do some due diligence and make sure that this is the right investment for you.
The following is some of the basic information that you will need regarding owning your own Subway franchise. You will find company history, the number of franchises and the financial requirements.
Franchise Review Written By: bobby
If you think that a Subway franchise is a good idea, make sure that you learn everything and fully understand what you are getting yourself into before you sign the paperwork. My wife and I found out the hard way that just because you own a Subway franchise does not mean that you are guaranteed to be successful. Really all you get is an outline that might help you achieve success. You really have to make sure that you are in the right area and that you have the right skills and are completely dedicated before you will even have a chance to see any kind of financial reward.
We thought that we had carefully considered everything before we handed over our hard earned money. We spent some time talking to others that own franchises and we tried to read through all of the franchise documents.
Do not think that just because you enjoy the Subway commercials with Michael Strahan or Jared Fogle that you should own a Subway franchise. Even if you have never had anything but positive experiences as a customer that does not mean that you should decide to become a franchisee. Making the decision to own a Subway franchise must be made after thought and careful consideration, not on a whim or because you love to eat there. Owning your own franchise is a commitment that you must take seriously as it will entail a lot of hard work to make it a success.
Although it may cost some money, conduct due diligence and make your decision using a business owners perspective when deciding if owning a franchise is right for you.
The following is some of the basic information you will need about owning a franchise, the history, and the financial requirements for you to own one.
Franchise Review Written By: vickybaker
With the entire country on the "eat healthy" craze, Subway has almost cornered the market on fresh, healthy and low calorie fast food. There are more Subway sandwich franchises than Kentucky Fried Chicken, Burger King and Wendy's, making it the top selling franchise in the United States. Subway's hands-on franchising model encourages active participation from its franchisees, and offers ongoing training and support. Subways are popping up everywhere, from gas stations to airports, hospitals and schools. The addition of Jared Fogle, the 27-year old who lost a whopping 245 pounds by eating from the low calorie menu, catapulted Subway into fast food stardom.
In 2004, Morgan Spurlock, an independent documentarian, released his blockbuster hit, "Supersize Me." In this true-to-life story, Spurlock embarks on a quest to go an entire month, eating only from McDonalds. The results are disastrous. McDonald's quickly scrambled to repair its image after the film's release, but it was too little too late. Subway stepped in, introducing millions to healthier options that were both tasty and healthy. The movie was a huge success for Subway's bottom line.
Subway has a presence in over 91 countries with 33,000 stores. This is excellent news for the new franchiser who will find a network of other owners who offer advice on how to turn a lunchtime staple into lucrative profits.
I always knew I wanted to be a business owner. The restaurant industry appealed to me, but I felt daunted by the confusing maze of regulations and red tape required to become a successful restaurateur. And how was I going to raise the money needed to open my own business? A friend suggested a franchise. With a relatively low franchise fee of only $15,000, Subway's proven model of success looked like a sure bet. Unlike some of the outrageously high fees of other fast food outlets, Subways low barrier to entry made my dream within reach.
Subway offered me extensive training before I opened my doors for business or carved out a single $5 foot long. I was trained on everything from hiring employees, negotiating the lease on the building and the proper way to construct the sandwiches. The comprehensive training manual gave me the confidence of knowing that I had a proven system that was tested and re-tested to make sure that I would earn profits. I learned that only 93% of franchisees are still in business after five years.
Franchise Magazine, Entrepreneur Magazine and Black Enterprise have all hailed Subway as the "Number One" franchise in America. Subway is poised for even more growth over the next few years and is looking to outsell McDonald's in both profits and locations.
Would I buy another Subway franchise? Absolutely. Would I recommend Subway to another potential restaurateur? Definitely. I have enjoyed healthy profits and a proven business model with my Subway restaurant franchise. Subway makes a commitment to keeping up with trends and providing what the customer wants at a reasonable price.
For someone who wants to own a franchise with low start up costs and a proven business model, Subway is an excellent choice.
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