Although it may not be immediately evident, a franchise company is under no obligation to award a franchise to just anyone who can.
In general, getting a loan for a new business can be challenging. The Small Business Administration (SBA) is much more likely to guarantee a loan to a franchise than many other types of startups. Explore this list of SBA approved franchises for sale that offer.
The Business Plan explains what you hope to do, how much money you need to do it with and how you propose to pay the money back. Your plan will include a Profit Forecast and Cash Flow Model.
Preparing, presenting and defending your business plan is a real test of your business acumen. Producing the plan tends to bring everything out into the open, focuses your mind on all elements of the business, and helps put your thoughts down in black and white.
Description: Since its founding, the SUBWAY® franchise system has experienced phenomenal growth, and is committed to becoming the #1 Quick Service Restaurant chain in the world. Be a part of it! Opportunities: Franchises available throughout the US. Franchises and development agent opportunities available internationally in several countries. Business Type: Franchise. Minimum Cash Required: $100,000. Financing Assistance: Yes, through a third party. Training Provided: Yes.
With MORE THAN 45,000 global locations, the SUBWAY ® system is the #1 Quick Service Restaurant chain in the world.* Each SUBWAY® sandwich shop is focused on making great sandwiches, so great in fact that many SUBWAY® customers have become franchise owners simply because they believe in the product! In most years, about 70% of new franchises are purchased by existing owners.
Business Description: Subway Restaurants sell foot-long and other sandwiches, salads, and other food items from a retail store.
Franchise Offer: Subway offers qualified purchasers the right to establish and operate, from a single location, a retail establishment preparing and selling foot-long and specialty sandwiches, salads and other food items. Additional franchise options include: non-traditional locations, satellite locations, community development program locations, school lunch program locations, airport terminal locations, theme park locations, and national park locations. An Exclusive Area Development Program is also available.
In the 30 years since it launched its much-hyped Franchise 500, Entrepreneur magazine has named Subway the #1 franchise 16 times.
According to Entrepreneur’s Subway Hits the Spot , “…In late 2008, the company surpassed the 30,000-restaurant mark. It has 1,600 stores scheduled to open this year. Another 2,400 franchisees have bought in and are waiting in line to open. And it’s on pace to overtake the king of fast food, McDonald’s, in outlet numbers within five years.” Despite a disastrous economy, Subway CEO Fred DeLuca says 2008 was Subway’s “best year ever.”
Subway franchise owners are invited to share their complaints and frustrations, as well as advice for prospective Subway franchise owners, below.
Anonymous comments are encouraged, and all email addresses and other information is treated with strict confidentiality.
Our financial plan is available in the following chapters. Our numbers are based on past experience, knowledge of the industry, growth expectations for the fast food sector nationwide, and common sense.
Our long-term plan includes expansion into the Medford market in year two, followed by healthy dividend payouts in years three through five. Our goal is to build a business out of two franchises, and run each franchise as a profit center for the purpose of building wealth for employees, the community, and the Walsh family.
We’d love to have you join our team! You’ll be part of a group of more than 21,000 SUBWAY® franchisees who share your entrepreneurial spirit.
Joining the SUBWAY® team gives you the great opportunity to own your own business- but not just any business: an established global brand with a proven operating system already in place.
It’s easy to get started. Your first step is to complete the Application for Additional Information.
In the United States and Canada, the franchise fee is $15,000. In countries outside of North America the initial franchise fee ranges from $10,000 - $15,000 (USD).