WE'VE MOVED!
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Options
Whats the average income of a subway restaurant owner?
Sign In or Register to comment.
Comments
You can also look here:
http://www.subway.com/en-us/ownafranchise/franchisingfaqs
It appears that franchising fees will cost about $15K, and your total investment to open a store will cost anywhere between $116K and $260K.
But I am not speaking from experience here, so others can better answer the question.
Community Manager
StartupNation, LLC
There's a Subway here in Lake Isabella. The owner doesn't honor advertised specials. Many people, locals and tourists are dissatisfied with the owner. Do franchise owners have to honor advertised deals or can they make and regulate their own prices? Theres quite a debate in my 4TH group on this subject nd is like to just clarify things and it would be nice coming from another franchise owner. Thnk you Mry
I've been reading all these comments and yet there is one major question I still have for all the Subway owners here... How much do you actually make after paying 12.5% of total sales to Subway as fee and royalty, then rent, utilities, salaries, etc? I could see some subway owners say that they make 20-25% profit but do they get this profit after paying 12.5% to Subway, bills, rent and salaries? I request someone to be crisp and clear. Thanks a lot.
Pravinkumar.
I may not have been the owner but i was a manager of a Subway for several years. It was in Indiana. It was the busiest in town by far, we would do 13,000 to 16,000 a week in sales. Right around the holidays it would dip down to 8,000 to 12,000 but it was by a college, hospital, middle school, high school, and the largest factory in town. So we didnt experience the slump in sales that most Subways in town did during the winter. Labour was normally between 19 and 24 percent, my cost of goods was generally between 26 and 30 percent. Royalty's to Subway were 8%, we never did local advertising, and there was something on my paperwork that was normally at 6% that said "FAF" but i dont know what that was actually. So with just what i could see it was normally 30-45% profit. The owner owned the building but my papers didnt show the cost of utilities so I imagine it was a bit lower than that.
The average income in the US is usually $8,000/week. So, the annual income is approximately $400k.