A Subways franchise has a low startup cost and it is already an established business. Subway restaurants are continuously rated among the top franchises. Owning a Subway restaurant enables you to become a business owner with relatively minimal risk and easy-to-run operations. Furthermore, Subway franchises also benefit from national and local support as well as national and regional advertising. You will also receive guidance in store development, design support, lease negotiations, etc.
The franchisee fee for an initial Subway restaurant is $15,000 (only paid once every 20 years). Additional Subway locations fees are $7,500 per location for qualified purchasers. Additionally, Subway franchises pay 8% toward franchise royalties and 4.5% towards advertising out of their gross sales minus sales tax each week.
It is important to keep in mind that even though the franchise fee is $15,000, your initial investment may vary based on location, size of Subway restaurant, etc. Other additional costs include equipment and supplies, security, freight charges, signs, inventory, insurance, training expenses, legal and accounting, and so on.
You can complete the online application or request an application from the Subway development office. It is your responsibility to read the Franchise Disclosure Document which you will receive. Then you will need to take the Subway Wonderlic test (Wonderlic Basic Skills Test). After this, with the help of the local development office, you will be ready to examine Subway’s business opportunity. The development office, together with Doctor’s Associates Inc. will decide if you are qualified to become a Subway franchise owner.
Before owning a Subway restaurant, you will be required to participate in a two week training program. These training programs are held throughout the year in multiple training centers all over the world (the main training center is in Milford, CT). You will be assigned to a center for the training program based on language preference and location.
To become a Subway franchise owner, you will need to take the Wonderlic Basic Skills Test (WBST). JobTestPrep provides practice tests to prepare you for the test and boost your confidence. We will provide you with all the necessary tools to successfully complete your test and move on to the next level. Practice with JobTestPrep and get:
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