Does Subway offer training for franchisees?
Subway® offers comprehensive training and ongoing support to ensure its franchise owners – new and existing – are fully equipped to run their stores to their full potential.
How long is Subway franchise training?
two weeks
The Subway training course is two weeks long and teaches business concepts, methods of operation, and basic management skills. The training time is spent in a classroom setting and on-site at a local Subway franchise for a hands-on experience.
What training is available for new franchisees at Subway?
Franchisees will spend two weeks training in a store and in a classroom setting. Subway requires their corporate team to spend at the minimum 70 hours with each new franchisee partaking in hands on training before, during and the few weeks after opening.
How much does a Subway franchise owner make?
The average Subway franchise generates around $400,000 in revenue, with profit averaging around $41,000 per year.
How can I buy a Subway franchise?
Steps to Open Subway Franchise:
- Request a franchise brochure.
- Submit Franchise Application.
- Meet Local Development Agent.
- Review Disclosure Document.
- Conduct Local Research.
- Secure Financing.
- Sign Franchise Agreement.
- Attend Training.
What do you need to open a Subway franchise?
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. Subway charges a franchise fee of $15,000.
What is Subway franchise fee?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 – $15,000* (US dollars) depending on your country.
What is Subway royalty fee?
8%
Subway royalty fees are 8% of annual gross sales, which are higher than the 5% and 4% that Dunkin’ and Mcdonald’s charge, respectively. Additionally, the franchisee is required to pay an ad fund fee that is 4.5% of total gross sales.
What skills do you need to run a Subway franchise?
NB: To become a SUBWAY® franchise owner you need to possess business acumen and awareness, as well as effective time-management skills. These can be built on by the extensive training programme provided for new franchisees both here and at our head office in the US.
How much does a Subway franchise cost in Australia?
2. What 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.
Do Subway franchises make money?
Average Sales / Revenue per Year The Subway franchise makes around $11 billion dollars in annual sales throughout their entire franchise system. This includes all of their units in the United States. They generate an annual average of $422,000 sales per franchise unit.