If you’re interested in starting a Subway franchise in Canada, here’s an overview of the process, costs, and steps involved:
1. Initial Investment
- Franchise Fee: Around CAD 15,000 to CAD 20,000.
- Total Initial Investment: Typically ranges from CAD 200,000 to CAD 300,000, which includes the franchise fee, equipment, and initial inventory.
2. Ongoing Fees
- Royalty Fee: Approximately 8% of gross sales.
- Marketing Fee: Around 4.5% of gross sales.
3. Steps to Start
- Step 1: Research: Thoroughly research the Subway franchise model, market conditions, and competition.
- Step 2: Application: Complete an application form on the official Subway website or through their franchising portal.
- Step 3: Financial Review: Prepare your financials, as Subway requires proof of financial stability.
- Step 4: Franchise Agreement: Upon approval, you will sign a franchise agreement with Subway, outlining your rights and obligations.
- Step 5: Location & Setup: Find a suitable location, lease the property, and begin setting up the store according to Subway’s specifications.
- Step 6: Training: You will undergo comprehensive training to understand operations, food preparation, customer service, and management.
- Step 7: Opening: After the setup and training, open your Subway store to the public.
4. Additional Considerations
- Location: Subway has strict criteria for location, often preferring high-traffic areas.
- Marketing: A portion of your marketing budget will go toward Subway’s national campaigns, while local marketing efforts are your responsibility.
- Support: Subway provides ongoing support in training, marketing, and operational management.
Disclaimer: https://worldbusiness.blog/ has no guarantee of accuracy. Please conduct thorough research and consult with a Subway representative or franchise consultant before making any decisions.