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Subway is one of the cheapest restaurants to franchise. The company charges a $15,000 franchise fee and startup costs range from $105,800 to $393,600.
Subway IP LLC, [8] trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps. It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines [ 9 ] in Bridgeport, Connecticut .
Prior to founding Roark Capital Group in 2001, Aronson was a co-founder of U.S. Franchise Systems in 1995. ... Subway [12] Former investments. Atkins Nutritionals;
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
This year, the sub chain ranked No. 2 on Entrepreneur’s Franchise 500. According to Entrepreneur, it costs up to $1.3 million to open a new Jersey Mike’s franchise location.
Subway has a new owner: food behemoth Roark Capital. The deal closed on Thursday before market open. WSJ previously reported that the bid valued the sandwich chain for about $9.6 billion.
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