Subway Franchise Kaylie Means

Background Subway was established in 1965 by 17-year-old Fred DeLuca and his friend Peter Buck. Originally called Pete’s Super Submarines in Bridgeport, Connecticut. With only a $1,000 loan from Buck, Fred hoped to earn enough to put himself through college.

Franchising After struggling the first few years, the company’s name was changed to Subway and they began franchising in 1974. They offered healthy, fresh alternatives to fast-food restaurants by providing salads, and healthy subs.

Franchise units Subway has franchises throughout the U.S. and in 98 other countries. Total of 37,003 locations Year U.S. Canadian International 2012 25,090 2,798 9,115 2011 24,722 2,717 8,481 2010 23,411 2,542 7,235 2009 22,525 2,436 6,484 2008 21,685 2,355 5,572

Franchise fee The franchising fee is $15,000. The franchise term agreement is 20 years and is renewable 65% of all franchisees own more than one unit and needs 8-12 employees to run each franchise. 100% of current franchisees are owner/operator owned.

Franchisee requirements 2 Weeks training, available at headquarters. Training in Australia, China, Germany, India, Montreal, Canada, and Miami FL. Milford, CT. Need to be a Franchisee Association Member and a direct financial assistance. Net Worth of $30,000 - $90,000 Liquid Cash Available $80,000 - $310,000 Total investment - $85,000 - $260,350