Subway Franchise? Is it Attainable and is the ROI worth it?
Have you ever thought what it would be like to have America’s #1 ranked franchise as your own business? If so, then Sub sandwiches are what is going to be your new food. Subway, this company has been ranked consistently in the top 3 of America’s best franchises in the last 5 years. That stat and the great sub sandwiches of this company brought me to want to discuss how does one become a Subway franchisee, the cost and what are some of the biggest challenges in doing so.
I once spoke to a Subway manger and just asked him on average how many sandwiches do they sell on a daily basis, he responded with 300-500. I was blown away with that number I didn’t think this restaurant would sell so many sub sandwiches a day (this location was not in a prime location either). Once he told me that I began to search the net and the subway site to see what are the cost associated with owning a franchise. The site said anywhere from $75-250K investment. I thought this was a lot but then again I thought about what the store manager told me and I immediately thought that this probably couldn’t be so bad.
The next issue that arose was what exactly would I need for an application. I saw that it didn’t seem so lengthy I just had to leave my information on the website and they would send more information directly to me. I saw that its process was similar to McDonalds in that I needed some business experience, money and a strong will to succeed. So if you can make it through the process and you have plenty of capital then a Subway could be yours.
I noticed from different websites and just looking around that Subway could be facing a unique and serious challenge. This challenge was overcrowding. Although I loved eating Subway it seemed as though every which way I turned there was a Subway. This led me to believe that if there were so many within a small radius could this affect sales and profits for the franchisees? Thus far I have not been given any solid evidence that can justify my idea but it’s just an issue I think is important for all prospective owners.
Lastly I think the Subway franchise is great for the right person who can afford the cost and who has the commitment. I think the ROI could potentially be great but it all depends on location and how much marketing is put in on behalf of the franchisee. There is a reason Subway is the number one franchise in America and I don’t see that changing for many years to come.
Subway Franchise Is it Attainable and is the ROI worth it - To learn more about this author, visit Serrgio Wilson's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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