The Subway food chain is becoming of the largest successes in recent memory concerning the food industry. It’s amazing that the simple shop that makes submarine sandwiches has done very well, however i have narrowed it down to three simple reasons.
Healthy fast food = success. As more and more people become obese, we have seen a growing desire for those seeking to eat better. With cheeseburgers, pizza and fried chicken staring you down most everywhere else, a fresh sub from Subway looks great. It wasn’t until a man named Jared though took over as the face of eating fresh and 34healthy. Jared lost a lot of weight by exercising and eating the healthiest subs. The marketing campaign is a major success.
Pricing. Another great idea what time does Subway open today had was to introduce the five dollar footlong. As money becomes tighter and tighter, consumers didn’t wish to waste cash on lunch that wasn’t tasty and filling. For Five dollars, you can obtain a decent quantity of their subs. The nice, round price which can be paid with one bill has led to a song and a lot of sales.
Dr. Peter Buck and Fred De Luca were the founders from the first Subway restaurant in Connecticut. In 1965, the restaurant was incorporated by Doctor Associates, Inc. Subway is considered the largest restaurant franchise on the planet with some 30,500 units. Their menu, of course, delicious sandwiches.
Strong brand awareness, a stable business model and proven return has encouraged the franchise investor to sign up within this successful brand.
The business offers ongoing support for the interested franchisee, 24 hour customer support, flexible floor plans, well-trained team of men and women to render quality service, trusted brand recognition, simple operation, and a dedicated headquarter support network, all bringing added value towards the company.
What the customers want from Subway is a quick and tasty meal prepared equally as they really want, dedicated customer service, food that is certainly nutritious, good quality and affordable. The Subway menu concentrates on flexible food options including a multitude of breads, toppings and sauces, served fresh and hot.
The franchisee is responsible for the franchise fee that is $12,000 whilst the start-up cost range between $69,300 to $191,000, with an 8% royalty fee. ROI averages 3-five years. The organization will provide access to operational systems, store design and equipment ordinance, a training program for both the property owner and employees, operations manual, periodic support and evaluations, informative publications and national advertisements.
Obviously, when looking to start any business it is important, particularly considering today’s market, that you search for specific methods to cut minimize or reduce overhead and risk. Any organization is going to okauhk risk, but it is important to possess a full understanding of the amount of investment, startup cost and “ROI” (Return on Investment).
Most people are unaware that 80% of franchise endeavors fail in the first couple of to 5 years leaving large debts looming for a long time thereafter. One of the ways and for me the best way to cut overhead, startup and investment price is to make use of the new era of entrepreneurship and commence a business from the comfort of your house. Opportunities emerged in the online market which are creating millionaires everyday.