Subway Franchising

In 1965, 17-year-old Fred DeLuca and his friend Peter Buck opened Pete's Super Submarines in Bridgeport, Connecticut. Buck started the small sandwhich shop with a loan of only $1,000, and DeLuca was hoping he was going to make enough to pay for college. The first couple years were a sturggle, but finally in 1974 they changed their name to Subway and began franchising. Recently I saw an ad in the paper saying Subway was getting to high in sodium. They said their footlong sandwiches were averaging around 540 calories and 2400mg of sodium, but that didn't say what sandwiches. Yes the chicken teriaki, the chicken breast, and the italian have that amount of calories and sodium, but those are only three of the dozens of sandwiches Subway offers. The turkey, ham, veggie delite, roast beef and roasted chicken are all between 280 nd 390 calories which are perfectly healthy for you. The franchise fee for Subway can be anywhere between $108,000 and $300,000. Subway prefers that you pay fifty percent of that money in cash and the rest in borrowed money, which includes the investment in setting up the Subwayfranchise, as well as operating expenses fore the first three months. Once they have opened, franchisees pay a royalty fee, which is 8% of their total gross fee. There is also some training that goes alone with owning a Subway francise. The Subway training course is about 2 weeks and teaches business concepts, methods of operation and basic management skills. During these two weeks the franchisee is in a classroom and at a local Subway for some hands-on experience. Once those two weeks are up, the franchisee must pass an exam to become certified to be a true franchisee. Subway also has an advertising fee of 4.5% and a an intitial franchise fee of $15,000.

http://www.entrepreneur.com/franchises/subway/282839-0.html