How to Start a Subway Franchise

In the world of franchises, Subway tops the list as the best franchise opportunity. As America becomes more concerned about healthy eating, Subway continues to grow in popularity. If you are thinking of starting a business, a Subway franchise should definitely be one of the options that you consider. The benefits of buying into franchising are numerous; one of the largest is that you buy into a well-known brand name and they assist you with set-up and marketing. Read on to learn how to start a Subway franchise

Things You'll Need

• Up to $220,000
• Storefront
• Application

Instructions

1. Begin by checking to see if their is a franchise opportunity available where you would like to open a store. Owners of a Subway franchise have protected areas, so the company may not allow you to open another location if there are already enough in the area where you are looking. Your first step should be to see if opening one is feasible for you.

2. Request a brochure from Subway on franchising opportunities. A brochure can be sent to you in the mail which will provide more information that will assist you with decided whether or not this is the right opportunity for you.

3. Attend a seminar and/or trade show. Subway puts on these seminars and trade shows for people who are interested in starting a Subway franchise. You should attend one to get valuable information before making a final decision.

4. Ensure that you meet the financial requirements. You'll be required to pay anywhere from $110,000 - $220,000 to initially open your location. You'll have to make sure that you have that much money in liquid assets or that you'll be able to get financing in order to open a restaurant.

5. Complete the application. You'll need to provide information on your business and personal finances, including your total net worth. You'll also need to provide references and a lot of other information. You may be required to send in backup information.

6. 

   Find a location for your store. Once your application is approved, you'll need to find a location to open your store. The Subway franchise team will assist you with this step. You'll need to meet requirements on any building that you lease or purchase.

7. Attend the training that is offered. Once that you've been accepted as a franchisee, you'll need to attend training where you will learn everything that you need to know. You will learn about setting up your restaurant, hiring employees, marketing, running your store, and much more.

8. Prepare your store for opening. After you've gotten a building to operate out of, you'll need to hire contractors to get the store looking like a Subway. You'll also need to purchase and install equipment and inventory to get started.

9. 

   Hire and train your employees. You'll need 6 - 10 employees to start, depending on how many hours they are able to work. The Subway franchise will assist you with hiring and training information. You'll hire your employees before you open your store so that they'll be ready to go when it's time to open your doors.

Tips & Warnings

• If a Subway franchise in not available in the area where you live, check to see if there are any for sale, as owners often sell their locations.