Sunday, August 25, 2019
Thread #4 Essay Example | Topics and Well Written Essays - 250 words
Thread #4 - Essay Example e that Subway is the undisputed leader in fast and healthy food because they offer easy to prepare sandwiches which are ââ¬Å"made to order-right in front of the customer - using freshly baked breads, select sauces and a variety of delicious toppingsâ⬠(Doctors Associates, Inc., 2011). And the third reason which is very important is the continuous support network that it offers its franchisees. Subwayââ¬â¢s support system includes training, product development, advertising, purchasing cooperative and field support (Doctors Associates, Inc., 2011). The total investment in starting a Subway franchise is somewhere between $84,300 to $258,300. This amount includes the franchise fee, on-going royalty fee, start-up cost, equipment, payroll and inventory (Entrepreneur Media, Inc., 2011). This means that a franchisee must also consider looking into the possible financing options open to him to fund the total investment to be made. Aside from these costs, a business experience is needed to own a subway franchise. The manpower needed to run the franchise will be around six to ten employees. There should also be a total commitment from the franchisee because Subway does not allow absentee ownership and the terms of agreement is for 20
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