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The startup cost of owning a Subway franchise is significantly lower than competitors, beginning at around $200,000 to $500,000. However, Subway franchisees also pay some of the highest percentages of profits (around 12.5%) back to Subway compared to competitors. [61]
Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs .
The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]
Trying hard to stay afloat in a restaurant industry spending 36% of its cash on labor and with minimum wage creeping to $16, a cadre of local New York City chains have found a shrewd way to save ...
His next restaurant will be in Nevada. California restaurant owner claims the state's fast food wage hike will cost him $470,000 — warns prices could go up 'immediately' as a result.
A help wanted sign is displayed outside of a Chipotle restaurant in Manhattan on Jan. 5, 2024, in New York City. (Spencer Platt/Getty Images) (Spencer Platt via Getty Images)
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