You will need to complete the following steps to become a Subway franchisee:
- Request a franchise brochure
- Submit your franchise application
- Meet with a local development agent
- Review your disclosure document
- Conduct your own local research
- Secure finance or funding
- Sign your franchise agreement
- Attend franchisee training
Full Answer
How much does it cost to buy a Subway franchise?
To buy a franchise with Subway®, you’ll need to have at least $40,000 in liquid capital and a net worth of $80,000 – $310,000. Franchisees can expect to make a total investment of $150,050 – $328,700. Subway® charges a franchise fee of $15,000. They also offer financing via 3rd party.
Can you make money with a Subway franchise?
Well, becoming a Subway owner can bring the exact opposite. If you are planning to own a single-unit of a Subway franchise, unless you spend your time running the business, you will make very little money out of it. So you will need to be involved, and that means actively managing a business operation that is open 7 days a week, for long hours…not very appealing…
Is a Subway franchise a good investment?
Whether or not Subway is a good investment is completely up to you. There are definitely times where it is. For example, if you find a good area where there aren’t many Subways around, you can definitely earn more than the average franchise. This is due to the fact that you will have a mini monopoly on the area.
How much to own a Subway franchise?
- Initial Franchise Fee – $15,000
- Real Property – $2,000 to $12,000
- Leasehold Improvements – $29,900 to $77,000
- Equipment Lease Security Deposit – $4,500 to $7,500
- Optional Security System – $2,450 to $3,550
- Freight Charges – $3,000 to $4,000
- Outside Signage – $1,600 to $8,000
- Opening Inventory – $4,400 to $6,050
- Insurance – $1,200 to $5,000
What is subway franchise?
How much does it cost to franchise a subway?
How does a Subway franchise work?
How do I finance a Subway franchise?
How long does it take to open a store?
See 2 more
About this website
How Much Is a Subway franchise Australia?
$195,000 to $360,000 AUDWhat is the initial investment in the setting up of a Subway® outlet in Australia? The initial investment ranges from $195,000 to $360,000 AUD (exclusive of GST, other taxes, stamp duty or key money) for a traditional location.
How much do I need to buy a Subway franchise?
Those looking to franchise a Subway store can expect to shell out around $200,000 in startup costs plus a $15,000 initial licensing fee. Subway's franchise fees tend to be lower compared to its competitors.
How much profit does a Subway franchise make in Australia?
Summary SUBWAY FRANCHISE - SOUTH WEST SYDNEY - Revenue $8,500 pw Rent $1,026 pw Net Profit $2,800 pw Revenue $8,500 pw Rent $1,026 pw Net Profit $2,800 pw Location Details South West Sydney About... Your informtion is protected by our Privacy Policy.
Who owns Subway in Australia?
DeLuca familyIt was the fastest-growing franchise in the world in 2015 and, as of June 2021, had 37,540 locations in more than 100 countries and territories....Subway (restaurant)Subway restaurant at The Burwood Plaza Shopping Centre in Sydney, AustraliaOwnerDeLuca familyNumber of employees410,000, including franchises (2022)14 more rows
How much does a Subway owner make a year?
The average salary for an Owner is $121,715 per year in United States, which is 34% higher than the average Subway salary of $90,272 per year for this job.
Is owning a Subway 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.
Is Subway a good franchise to buy Australia?
An independent assessment conducted by FRANdata placed the business among the top performers in the Australian franchise landscape. Subway Systems Australia country director Geoff Cockerill said the results reflected the brand's 30-year legacy.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
What is the most profitable franchise to own in 2022?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Is Subway closing down in Australia?
Subway has closed 202 stores since 2015 and the fast food chain now has 1,242 stores across Australia, down from 1,353 in 2019 and 1,444 in 2015. That means 13.9 per cent of Subway's stores - more than one in 10 - have closed their doors over the past seven years.
How many Subway stores are in Australia?
There are 1,216 Subway stores in Australia as of October 28, 2022. The state with the most number of Subway locations in Australia is New South Wales, with 317 stores, which is about 26% of all Subway stores in Australia.
Is Subway running out of business?
It is unlikely that Subway will close anytime soon. Subway's previous success will keep the company in business for a long time. However, Subway has launched several failed marketing campaigns to reset Subway to its former glory.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How do you own a Subway franchise?
How to Open a Subway Sandwich ShopRequest a Subway franchise kit through the website. The kit does not obligate you to open a store. ... Secure financing. ... Submit a franchise application. ... Finalize the franchise agreement. ... Attend training. ... Find a location. ... Apply for permits and licenses. ... Organize the store layout.More items...
What is Subway's royalty fee?
8%$506,900Type of FeeAmountRoyalty8% of total gross sales.Advertising4.5% of total gross sales.AuditOverdue amount.Fees for Unpaid Balances (when payment is more than one week late)Interest charge of 12% (or maximum allowed by law where the restaurant is located) per annum on amount owed by the franchisee.32 more rows
How much is a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
Subway franchise for sale Australia - October 2022 - FindAds.com.au
Summaryfranchise café in the sutherland shire south sydney - revenue $16,500 pw rent $4,000 pw net profit $3,000 pwrevenue$16,500 pwrent$4,000 pwnet...
Subway Franchise (Costs + Fees + FDD) | Franchise Direct
Year Business Began: 1965 Franchising Since: 1974 Headquarters: Milford, Connecticut Estimated Number of Units: 37,000 Franchise Description: The franchisor is Doctor Associates LLC. The franchisor offers qualified purchasers the right to establish and operate, from a single location, a retail establishment preparing and selling foot-long, six-inch, flat bread, and specialty sandwiches, salads ...
Subway Businesses for Sale in Australia - CommercialRealEstate.com.au
Search from 161 Subway Businesses for Sale in Australia. Find the perfect business opportunity that suits your needs.
Subway Restaurants for Sale | Buy Subway Restaurants at BizQuest
In 1965, Fred DeLuca aspired to become a doctor, but needed a way to fund his higher education. A friend suggested he open a sandwich shop and loaned him $1,000 for upfront costs, effectively becoming his business partner. That may have been the best grand he ever spent! Starting in the early 2000s, the number of Subway restaurants for sale increased rapidly. There are now more Subway ...
Subway franchise available in Tully!
Fantastic opportunity to be a part of this world famous sandwich franchise. The first restaurant in Australia opened in Perth in June 1988 and the brand now has more stores in the country than any...
Simple Espresso Bar - Hills District - 00805
Summary SIMPLE ESPRESSO BAR - HILLS DISTRICT - Revenue $8,500 pw Rent $680 pw Net Profit $3,200 pw Revenue $8,500 pw Rent $680 pw Net Profit $3,200 pw Location Details Hills District ...
Franchise Cafe - Parramatta - 00840
Summary FRANCHISE CAFE - PARRAMATTA - Low entry cost. Awesome Franchise Espresso Cafe opportunity. Rent $1,950 pw Lease 5 years About the Business FRANCHISE CAFE - PARRAMATTA Awesome...
Take Away Shop - Western Sydney - 00843
Summary TAKE AWAY SHOP - WESTERN SYDNEY - THE BEST IN THE WEST!! - This Take Away has been in the same position for over 20 years Revenue $16,000 pw Rent $1,450 pw Net Profit $5,000 pw ...
Chicken Shop - South West Sydney - 00824
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Summary Sold within 2 weeks!! This business has now sold. If you too, would like to sell your business and have it sold by a trusted Business Broker, please contact Xchange Business Brokers....
Cosmetic Avenue Franchise - Melbourne - 00842
COSMETIC AVENUE FRANCHISE - MELBOURNE Co-Ownership Opportunities Cosmetic Avenue is a multi-award-winning Cosmetic practice experiencing exciting growth and positioned as the only cosmetic brand in ...
What is the problem with franchising?
Massive market saturation (The problem in franchising is the brands that are most visible get the most people applying for a franchise. But it is that exact visibility that hurts you financially as a franchisee with so many locations vying for business.
Do subway franchises have disclosure documents?
Now as Franchise brokers and consultants we are in a unique position in that we have access to every Franchise Disclosure Document out there. We also speak regularly with existing Subway franchise owners selling their locations and we hear the reasons why they want to sell. One of our partners here at franchise.city was also a multi units Subway owner for a number of years before selling his stores.
Why is subway franchise bad?
They didn’t have territory protection. So that’s why you see sometimes where you have one franchisee or one Subway franchise, located on one corner and then down the block, you have another Subway franchise. This is a big issue for franchisees because this leads to sales cannibalization. Where one store negatively impacts the sales of another store. And this decreases the sales for both stores.
What is the difficulty of a subway operator?
Another difficulty in the Subway operator or Subway franchisee is there’s high employee turnover. Like many food services, and businesses, there’s a lot of employee turnover. They work for a short amount of time and then they leave. And so as an owner or an operator, you need to keep finding people, constantly finding people, and train them.
Is subway a bad investment?
Our opinion is quite definitively that it is a bad investment decision, a bad franchise to invest in the U.S. at this time. And there’s a number of reasons for this. A brief summary is that Subway was founded in 1965 in Bridgeport, Connecticut by Fred DeLuca and Peter Buck. Since then, Subway has become one of the largest franchises in the world, in terms of the number of units with over 44,000 units worldwide.
Can foreigners own subways?
And one of the biggest issues for someone looking to do a Subway franchise investment is if you’re a foreign national looking and doing E-2, L-1, or EB-5 investor visa. Subway does not allow foreign nationals as franchisees in the U.S. The person needs to be a green card holder or be an American citizen. Which means it’s not even an option for someone looking to do an investor visa like the E-2,L-1, or EB-5. I hope you found this insightful. Again my name is Jack Findaro. I’m the finance director at Visa franchise. And if you’d like to learn more, please visit our website www.visafranchise.com. Thank you.
What is subway franchise?
Subway is an American fast food franchise that sells made-to-order sandwiches and salads. It is the largest single-brand restaurant chain and largest restaurant operator in the world, with over 40,000 stores in more than 100 countries. If you're looking to buy a Subway franchise, find out how it works, how to apply and compare your loan options ...
How much does it cost to franchise a subway?
The initial investment required for a Subway franchise in a traditional location is approximately $195,000 to $360,000, exclusive of GST and stamp duty. If you want to purchase a franchise for a non-traditional location, your initial costs may be substantially lower.
How does a Subway franchise work?
Like many fast food brands, Subway operates using a franchise model, meaning potential business owners can open a Subway store by buying one directly from the franchisor, or by purchasing an existing store from another franchisee. Once you've bought a Subway franchise, you're required to run and operate the business yourself, but will receive ongoing support.
How do I finance a Subway franchise?
As part of your franchise application process, you will need to secure finance for your Subway restaurant. You have a number of options when it comes to funding, including:
How long does it take to open a store?
Find a location and start building your store. Open your store. The above process takes an average of seven months until your store is ready to open. You will also need to complete a basic skills test covering English and maths. The two-part test is compulsory and takes approximately one hour to complete.
