Full Answer
How much do Subway franchises pay?
Subway franchise fees for 2022: Initial Franchise Fee $15,000. Initial Investment $140,050 - $342,400. Net Worth Requirement $80,000 - $310,000. Cash Requirement $30,000 - $90,000. Veteran Incentives: A veteran's franchise fee waived if opening on a military or government funded location. Additionally, they'll receive 50% off the franchise fee ...
How many franchises does subway have?
How many franchise locations do they have? As of the 2020 Franchise Disclosure Document, there are 22201 franchised Subway locations in the USA. Are there any Subway franchise opportunities near me? Based on 2020 FDD data, Subway has franchise locations in 50 states. The largest region is the South with 8902 franchise locations.
How much does a Subway franchise owner earn?
Over the course of their entire franchise system, Subway generates approximately $11 billion in annual sales. On average, each franchise unit generates $422,000 in sales per year. The average franchise earns only $7.21 per month, according to statistics. Their annual revenue is 5%, so they make $31,000 profit each year.
Is a Subway franchise still profitable?
You need to find where subway is not opened yet. Where it has more demand. But yes it is an profitable business. But again, you have an option if built your own restaurant instead taking franchise. You may earn more. Two ways for you: take up the concept of Subway and open your own outlet.
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How many Subway franchises are in the US?
Global quick service restaurant (QSR) Subway operated and franchised a total of 21,147 restaurants in the United States in 2021, down from 22,005 the previous year....Number of Subway stores in the United States from 2015 to 2021.CharacteristicNumber of stores--6 more rows•Aug 25, 2022
How many franchises do Subway have?
Subway (restaurant)Subway restaurant at The Burwood Plaza Shopping Centre in Sydney, AustraliaFoundersFred DeLuca Peter Buck Carmela DeLucaHeadquartersMilford, Connecticut , U.S.Number of locations36,821 (June 2021)Area servedWorldwide (100+ countries)12 more rows
How many subway's are there in the world 2022?
The number of Subway restaurants operational worldwide has reduced since the pandemic and as of April 2022, there are 36,900 Subway locations in 104 countries.
How many subways stores are there?
37,000Subway / Number of locations (more than)
How much does a Subway owner make a year?
The average salary for an Owner is $121,945 per year in United States, which is 35% higher than the average Subway salary of $90,272 per year for this job.
What does BMT stand for?
stands for biggest, meatiest, tastiest.
Is Subway or McDonald's bigger?
McDonald's and Subway are two of the world's largest international fast food restaurant chains. Each company possesses a strong brand and is an established name in the casual eating restaurant industry. With 40,953 locations worldwide, Subway beats out McDonald's as the largest global chain.
What is the largest fast-food chain in the world 2022?
McDonald'sMcDonald's is the world's largest fast-food restaurant chain and one of the best-known brand names. The company has more than 39,000 locations in about 100 countries.
Is Subway more popular than McDonalds?
It's Subway's World: You're Just Living In It When asked, “What's the chain with the most restaurants in the US?”, the majority of Americans would guess McDonald's. Surprisingly, the correct answer is actually Subway! Subway is the most popular fast-food chain (most restaurant locations) in 49 out of 50 states.
What does BMT stand for at Subway?
biggest, meatiest, tastiestAn old world favourite sandwich that is made up of sliced salami, pepperoni , sliced chicken. Some say B.M.T. ™ stands for biggest, meatiest, tastiest. Some items may not be available in all markets.
How much is it to franchise a Subway?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
What chain has the most stores in the US?
McDonald'sBillions ServedRankChain# of Locations (U.S.)1McDonald's14,0362Starbucks13,9303Subway25,9084Burger King7,2266 more rows•Dec 7, 2019
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
Is owning a Subway franchise profitable?
In 2021, Subway saw a 21.3% increase in revenue, growing from $634 million in 2020 to $769 million in 2021. Based on the average sales calculated above, at an average of a 15% profit margin, it will take approximately 7.3 years to recoup your investment, which is longer than most franchise opportunities.
How Much Is a Subway franchise worth?
What Does a Subway® Franchise Cost? To buy a franchise with Subway®, you'll need to have at least $40,000 in liquid capital and a minimum net worth of $80,000. Franchisees can expect to make a total investment of $150,050 - $328,700.
How much does an existing Subway franchise cost?
When purchasing your first Subway franchise, the initial non-refundable franchise fee is $15,000. The total initial investment necessary to begin the operation of a Subway franchise ranges from $207,050 to $476,900 for a traditional location and from $167,600 to $343,900 for a non-traditional location.
How long are giant subs?
On February 2, 2007, KNXV-TV (with the help of the Arizona Department of Weights and Measures) reported that three of Subway's "Giant Sub" sandwiches, nominally each 3-foot (91 cm) long, were actually 2 feet 8 inches (81 cm), 2 feet 8.25 inches (81.92 cm), and 2 feet 8.5 inches (82.6 cm) long. The maximum variance in length allowed in Arizona is 3% (1.08 inches (2.7 cm), for a three-foot sub). The report also showed the boxes designed to store these sandwiches were 2 feet 10.75 inches (88.27 cm) in length; shorter than the maximum allowable variance. In response to the report, Subway said it was reevaluating its advertising, training and packaging materials with regard to the specific or implied length of Giant Subs, and was advising its franchisees to only discuss with customers the approximate number of expected servings and not a specific length of measurement.
What is subway in 2020?
(October 2020) Subway is an American fast food restaurant franchise that primarily sells submarine sandwiches (subs), salads and beverages.
Why did the subway stop offering $5?
On November 1, 2014, Subway discontinued the five-dollar footlong promotion, replacing it with the Simple $6 Menu which included a six-inch select with a drink and a choice of cookies or chips.
When was the subway founded?
It was founded by the 17 year old Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines in Bridgeport, Connecticut. The restaurant was renamed Subway two years later, and a franchise operation began in 1974 with a second restaurant in Wallingford, Connecticut.
What is the slogan of subways?
The past Subway slogan, "Eat Fresh", was intended to indicate the fresh ingredients used in their sandwiches. It is the fastest-growing franchise in the world and, as of June 2021, had 37,540 locations in more than 100 countries and territories. More than half its locations (21,796 or 58.1%) are in the United States.
How did Seattle get hepatitis?
In September 1999, at least 32 customers in Seattle contracted hepatitis A after eating food contaminated with the virus at two Subway outlets. The virus, which is spread by eating or drinking food or water contaminated with infected feces, infects the liver causing nausea, vomiting, diarrhea, fatigue, and fever.
What does "eat fresh" mean on subways?
The longtime Subway slogan, "Eat Fresh", is intended to indicate the fresh ingredients that are used in their sandwiches.
What is subway restaurant?
Subway is a U.S.-based quick service restaurant chain known for its six inch and foot long submarine sandwiches. The limited service restaurant was founded by Fred DeLuca and Peter Buck in 1965 under the name ‘Pete’s Super Submarines’. In 1966, the company was reorganized under the parent company Doctor’s Associates Inc, and subsequently renamed to ‘Pete’s Subway’, marking the beginning of the contemporary Subway brand. Subway began franchising restaurants in the mid 1970s and today all Subway stores are operated by franchisees. The company remains a privately held company to this day and is still headquartered in Connecticut where it was founded.#N#Today Subway is one of the most valuable restaurant brands worldwide. The quick service restaurant chain has spread the brand worldwide, and restaurants can now be found in 11 countries. The number of Subway restaurants worldwide has increased over the last few years to over 44 thousand restaurants in 2016. The number of Subway restaurants in the U.S. however decreased in 2016. This was the first decrease in units for over half a decade.#N#In terms of sales and revenues Subway is also one of the largest limited service restaurant chains in the global market. In the United States, Subway has some of the highest sales in the quick service restaurant industry, ranked among other large brands such as McDonald’s and Burger King. It is the leading sandwich restaurant chain in the U.S. with system wide sales more than three times as high as its closest competitor Arby's.#N#This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
How many subway restaurants were there in 2016?
The number of Subway restaurants worldwide has increased over the last few years to over 44 thousand restaurants in 2016. The number of Subway restaurants in the U.S. however decreased in 2016. This was the first decrease in units for over half a decade.
Which fast food chain has the highest sales?
In the United States, Subway has some of the highest sales in the quick service restaurant industry, ranked among other large brands such as McDonald’s and Burger King. It is the leading sandwich restaurant chain in the U.S. with system wide sales more than three times as high as its closest competitor Arby's.
When did Pete's Subway start franchising?
Subway began franchising restaurants in the mid 1970s and today all Subway stores are operated by franchisees.
Is Statista a liability?
Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. In the following 3 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Subway".
How many subways will be open in 2020?
Narrator: By the end of 2020, over 10,000 locations will have this new restaurant design. But Subway says food is its next priority, and it's backing it up with an $80 million investment in updated menu items. Subway's partnered with the media company Tastemade to develop hundreds of new menu ideas, like the Green Goddess Tuna Melt and the Southern Style French Dip. In 2018, the chain introduced its cheesy garlic bread, its most successful promotion in the last five years. And in 2019, a line of ciabatta sandwiches and Halo Top milkshakes hit stores.
Why didn't subway stop?
Narrator: And Subway corporate wasn't stopping it, because the company benefited from a high number of locations. More locations meant more franchising fees and high royalties to Subway corporate, which diminished the effect of falling sales from a single location.
What sub chains are there in the subway?
Quiznos was once Subway's main competition, but tons of sub chains, like Jimmy John's, Firehouse, Potbelly, and Jersey Mike's, and fast-casual chains like Panera, were offering seemingly fresher and healthier options.
How many subway stores were closed in 2016?
Narrator: All of these things created the perfect storm for Subway. And soon, locations started to close. In 2016, Subway closed 359 stores in the US. It was the first year the chain closed more locations than it opened. In 2017, that number was over 800, and by the end of 2018, over 1,000 locations had closed.
How much money did the subway make in 2012?
In 2012, each Subway franchise generated an average of $482,000 a year. Four years later, that number had slipped to $422,000 a year. For comparison, the average annual revenue of a McDonald's franchise in 2016 was $2.6 million. And to make matters worse, Subway would lose the face of its company.
How much does it cost to open a subway?
Narrator: Not only were Subway franchises successful, they were, and still are, one of the cheapest chains to franchise. It costs between $116,000 and $263,000 to open a Subway franchise. Compare that to opening a McDonald's, which costs up to $2.2 million.
How many subways are there in the world?
Subway has the most locations of any fast-food chain on the planet, with more than 42,000 restaurants in over 100 countries.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What does absentee ownership mean?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
What is included in the initial investment?
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
When did the subway start?
In 1965, 17-year-old Fred DeLuca and family friend Peter Buck opened Pete's Super Submarines in Bridgeport, Connecticut. With a loan from Buck for only $1,000, DeLuca hoped the tiny sandwich shop would earn enough to put him through college. After struggling through the first few years, the founders changed the company's name to Subway and began franchising in 1974. Subway has franchises throughout the United States and in 98 countries, with locations in traditional and nontraditional sites alike.
What is exclusive territory?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What is a military discount?
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
How long is a franchise agreement?
20 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
How much weight did Jared Fogle lose?
Successful ad campaigns with Jared Fogle — the man who said he lost over 200 pounds while eating Subway sandwiches — and the "$5 footlong" jingle have contributed to sales throughout the years. However, the company took a turn in 2014 when sales started to decline.
How much did Jared Fogle weigh in 2000?
In 2000, Subway introduced the US to Jared Fogle, who said he used to weigh 425 pounds and lost much of that by eating Subway sandwiches.
How many subways are there in the US in 2020?
Mikko Robles/NurPhoto via Getty Images. As of 2020, Subway has 22,226 locations in the US. Like other chains, Subway saw a huge decline in customers at the start of the coronavirus pandemic and was forced to change how it served them. The company even started to sell grocery items at more than 250 of its US locations.
How many subways were closed in 2018?
The trend continued into 2018, when the company closed 1,108 Subway locations in the US.
How much does it cost to franchise a subway?
Subway is one of the cheapest brands to franchise, with startup costs of $116,000 to $263,000 to open a Subway.
What happened to subway sales in 2014?
In 2014, Subway's sales declined by 3% — and competition from chains like McDonald's, Jimmy John's, Potbelly, and Panera didn't help.
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Overview
Controversies
In September 1999, at least 32 customers in Seattle contracted hepatitis A after eating food contaminated with the virus at two Subway outlets. The virus, which is spread by eating or drinking food or water contaminated with infected feces, infects the liver causing nausea, vomiting, diarrhea, fatigue, and fever. Subsequent investigations found that staff failed to adhere to thorough hand washing and the use of plastic gloves during food preparation. A class-action l…
History
In 1965, Fred DeLuca borrowed $1,000 from friend Peter Buck to start "Pete's Drive-In: Super Submarines" at 3851 Main Street in Bridgeport, Connecticut, and in the following year, they formed Doctor's Associates Inc. to oversee operations of the restaurants as the franchise expanded. The holding company derives its name from DeLuca's goal to earn enough from the business to pay tuition for medical school, as well as Buck's having a doctorate in physics. In 1968, the sandwic…
Corporate structure
As of 2017 , the Subway Group of companies was organized as follows:
• Subway IP Inc. is the owner of the intellectual property for the restaurant system.
• Franchise World Headquarters, LLC leads franchising operations. FWH Technologies, LLC owns and licenses Subway's point of sale software.
Locations
As of June 2021, Subway has approximately 41,600 locations in 104 countries and territories, all independently owned. These locations are largely concentrated in North America, with 21,796 in the United States, 2,881 in Canada, and 758 in Mexico; this is almost as many U.S. locations as McDonald's and Starbucks combined. Outside North America, the countries with the most l…
Products
Subway's core product is the submarine sandwich (or "sub"). In addition to these, the chain also sells wraps, salad, paninis, and baked goods (including cookies, doughnuts, and muffins).
Subway's best-selling sandwich, the B.M.T. (short for "Biggest, Meatiest, Tastiest"), contains pepperoni, salami, and ham. The name originally stood for Brooklyn …
Marketing
Subway is the second-biggest fast food advertiser in the United States, behind only McDonald's. It spent US$516,000,000 on measurable advertising in 2011.
Subway used the advertising slogan "Eat Fresh" and focused on how its sandwiches were made from freshly baked bread and fresh ingredients, in front of customers to their exact specifications, by employees which Subway called …
Sponsorships
Subway has sponsored a number of sports events, particularly NASCAR races, including the Subway 400 (2002–2004), Subway 500 (2003–2007), Subway Fresh 500 (2005–2013) and the Subway Firecracker 250 (2009–2016). Subway sponsored the Subway Super Series ice hockey tournament from 2009 to 2014.
In 2008, Subway began to offer all foot-long submarine sandwiches (excluding the premium an…