13 years ago I began working in a QSR as a delivery driver then a restaurant manager, and worked my way up to a middle manager in corp America. I have a BS degree in IT and an MBA and recently stepped back to look at my future. I've decided that it may be time to venture out of the corp world and become a franchisee since my current role supports franchisees and their technology. I have a coworker who is interested in partnering up who could provide the net worth as I come with the experience and education. We are looking at subway as an opportunity to get into the franchise business and growing. We both want to move out of the corp world and work for ourselves.
1.how do we get started?
2. We are looking to keep working our current positions and open a restaurant (is this possible)?
3. Our 5 year goal is to take all profits from the first subway and put them towards a second. Take profits from first and second and put towards a third, then once opening up the 3rd, become full time franchises and resign from corporate America.
4. By our 10th year we would like to own 5-10 stores
how much of this can happen? Is there an average net profit number from subway that can give us some kind of idea what we are looking at? Is subway the right choice?