whats the average income of a subway restaurant owner?

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whats the average income of a subway restaurant owner?

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mrfranchiseman

posts: 52

Jun 23, 2009 4:23 PM ET Quote Report Abuse

Points: 0 Vote

mrfranchiseman is a Subway owner as per his own words. How does Subway allow its own franchisee to give +/- ive advice to prospected owners?

Wouldn`t they try to control this aspect themselves rather than leaving it to one of their franchisees?

Sounds too fishy to me...

I am a former franchisee and have 22 years insight in this brand. I say what I want and feel, nobody tells me what to say. You are also free to talk to franchisees where you live, and you should. I give the truth if you can handle it.

mrfranchiseman, always advising franchisees

BrenJapp

posts: 1

Jul 22, 2009 5:44 PM ET Quote Report Abuse

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Main reason from last couple of years Subway is selling a Foot Long 12``

sandwich for $5. Think about it how someone can make money feeding two people for five dollers.Weekly $8000=190 subs how much you can make each sub one doller. So pay all your expense out of $190. Rent,utilities,payroll, taxes extra extra extra.Good Luck you need it BK.

Where on earth does this math come from? $8000 a week in revenue would be 1600 subs. If we did even the most low-ball number from people regarding a profit of 15%, you`re still looking at $1200 a week or $62,000+ per year.

I can`t believe you took your time to type all that and try to say someone would only make $190 of profit on $8,000 in sales...

mrfranchiseman

posts: 52

Jul 24, 2009 5:36 PM ET Quote Report Abuse

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Your math and business model are wrong

$8000 IN SALES IS NOT 1600 SUBS.

MRFRANCHISEMAN.COM

mideastflyer

posts: 1

Jul 27, 2009 12:12 PM ET Quote Report Abuse

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Can you please elaborate on the numbers, Mr. Franchiseman? I agree that 8,000/5 = 1,600. Let`s keep it simple for this example and assume that $5 subs are the only source of revenue.

mrfranchiseman

posts: 52

Jul 27, 2009 5:47 PM ET Quote Report Abuse

Points: 0 Vote

If all your subs are $5.00 you will not make much money unless your rent is also ridiculously low or you own your own building

Payroll runs about 20%, Food cost about 30%, Royalties 12.5%

Now pay the Rent and utilities etc-"Operating costs"

Nothing left.....that is why you sell 6 inch subs, drinks and chips etc and have other subs priced at over $5

Your question is rather redundant. We should talk.......949-253-4610

sublicious

posts: 1

Sep 23, 2009 9:11 AM ET Quote Report Abuse

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Good Afternoon,

I am new to this but so wanna open a subway store, here in UK, London... but Want to open a Halal store catering for the muslim community...

Any advice tips etc?

Thanx

**I know you are, but what am I?**

Raj1

posts: 1

Dec 05, 2009 1:29 AM ET Quote Report Abuse

Points: 0 Vote

HI,

I need some info regarding Subway Business. How much u can make if let say sale is just 5000 a week and rent is 4200 a month.

Thanks.

Fallacy

posts: 57

Dec 11, 2009 2:10 AM ET Quote Report Abuse

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Cultural diffiusion is one of the interesting topic of international franchising, for example , the appearance of McDonald’s, Burger King, and Starbucks outside the U.S. is a form of cultural diffusion—and so too the appearance of sushi bars in America .

ali4728

posts: 1

Dec 20, 2009 1:41 AM ET Quote Report Abuse

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Hi,

I appreciate all the comments here. As a potential franchisee I was wondering what would be the financing options. Do I need to come up with 100% of required cash? Can I finance some of it via a Bank or the franchisor? I know in any kind of business, if Bank believes that you worth to be lent, they will open up the financing option but I would like to hear people’s experience.

Thanks.

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FloridaEric

posts: 1

Dec 29, 2009 9:49 PM ET Quote Report Abuse

Points: 0 Vote

I am interested in opening a subway franchise in South Florida.

My friend and I will be opening up this as a partnership. Is there any money to be made off of one location with two people sharing the proceeds?

As owners are we able to draw a salary from working in the location? What is the average salary to be earned?

Do you suggest opening a new Subway or purchase an existing location?

What advise could you give to someone looking to change careers and starting up a new business?

Thank you all for your help.

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