Owning your own Subway franchise is an ideal way to become a part of the largest fast food chain in the UK, and arguably the fastest growing.
About The Company
Subway are a global brand with over 13,000 stores across the world. Of these 1,847 are within the UK and Ireland. This number now surpasses McDonalds as the largest fast food franchise operation in the UK, an unofficial title that has been held since 2008. The expansion of the Subway brand continues with there being an average five new Subway franchises opening weekly. As reassurance for you as a franchise, Subway are members of the British and International Franchise Associations.
How to Apply and Training
Subway offer a 5 step guide to becoming a new franchisee that is comprised of research, applying, investigate, review and finally join. Subway look for people who are driven and motivated who have excellent financial acumen as well as strong people skills. As a new franchisee you can expect training at one of Subway’s 20 regional development offices as well as online training for both you and your staff.
What is the Initial Investment?
Investment in a Subway franchise is actually rather competitively priced when laid next to its rivals. The average investment needed is £100,000 of which half of this should be liquid assets. There is a €10,000 franchise fee to be paid as well as a host of other costs. I shan’t list them here as Subway actually provide a detailed look at this on the franchise section of their website.
How Much Can This Earn?
Earnings aren’t discussed by Subway directly but there are certain indicators to suggest that this can become a profitable business. The first is the phenomenal growth rate. The second indictor is that fact that 70% of new Subway franchises are started by current franchisees.
Conclusion
Subway are arguably the most well-known current franchise program within the UK. This is more than evidenced by their historical and continued growth. The fact that a Subway franchise is very reasonably priced stands them in good stead and if you are looking into the restaurant/fast food industry, a Subway franchise is a very good place to start looking.
Leave a Reply