The business of fast food is increasing in India at this time and all the traders who do business with it earn good money. If you also want to invest your money in any restaurant or food-related business, then you can get a good position in your food-related business by taking the Subway franchise. Subway is one of the best franchise distribution companies in the world.
At present, there are 353 Subway franchise stores in India. Subway is also proving to be a very powerful brand in India for some time now. For this many people want to become a Subway franchisees. Many merchants of India are earning good money in business by taking subway franchises.
Who is Subway?
- Subway around the world gives company restaurant franchises. Which was started in August 1965 by Fred Deluca at the age of 17. First of all Fred took 1000 dollars i.e. about 65 thousand rupees as a loan from his family friend Doctor Peter Buck and with this money Fred opened a sandwich shop, which is currently known as Subway all over the world.
- In 2012, Subway was named the second fastest franchisee distribution company in the world. Apart from this, in the year 2017, Subway had established its shops in more than 100 countries around 45000 different places.
- The most famous food made by Subway is the sandwich. Along with this, pizza and salad are also made very tasty in Subway, which is liked by the whole world.
What is a Subway Franchise?
Subway offers franchisees to open their branches across the globe. Buying a Subway franchise means that you have obtained permission to use the Subway brand name. In addition, Subway gives you a list of all your menus, along with the recipe for the food item being sent. The biggest advantage of this is that the experts of Subway are ready to help you in every way. Simply put, the Subway company charges you a fee and shares the way it works and the recipes of its famous products.
Why Choose Subway to Franchise?
- Worldwide Growth
First thing you own your own Subway restaurant and become a part of this biggest restaurant chain in the world. Which people all over the world already know. Not only this, all the subway franchise owners in the world work together. So that every problem that comes in the business of the franchisee can be easily dealt with.
- Special foods
The biggest advantage of taking a Subway franchise is that you get to be a part of a restaurant that is already famous all over the world for making delicious food in many ways. The special thing about Subway company is that they also change the taste from time to time according to the customers, due to which customers always like to come to Subway restaurant.
- Great and supportive network
When you join the Subway company, you’ll receive training and world-class support from Subway before you make your first sandwich. Apart from this, you will be given guidelines from time to time in every little thing from the ground level, so that your business can increase further.
- Publicity, Training & Marketing
Subway makes complete arrangements for training at the time of awarding the franchise, so that you can easily understand the business structure run by Subway. With this, your skills also become good, along with you get to know the formulas to pursue the business and if you talk about marketing, then you do not have to worry. Because the company itself always thinks about the promotion of its brand and keeps focusing on its advertising and marketing from time to time through TV magazines and other new methods.
How to Start a Subway Franchise?
- Request to get Franchisee Voucher
In the franchise voucher itself, all the information related to opening of Subway franchise will be given. For this you have to fill the form by clicking on this link subway.com. In which you have to fill all the information related to personal address, name and contact. After that you will be contacted by the company itself and you will be given all the information related to the franchise.
- Submit Franchise Application Form
- To fill this application form, you have to open the webpage with the help of link subapps1.subway.com/. This application form is divided into 9 parts. In the first part, you will have to fill your personal information, in which name, house number and tax number and other information will have to be filled.
- In the second part, personal information of your spouse will have to be filled, such as date of birth, address, citizenship and other related information. In its third part, you will have to give information related to your education.
- Apart from this, in the fourth and fifth part of the application form, you will have to give information related to your business. In the fifth part, you will have to give all kinds of information related to your income and bank. Whereas in the fourth part, you have to give information about the business of your franchisee, where and how much you want to open the franchise by investing.
- After this, all the information related to restaurant operations, disclaimer, investor and signature will be asked in the remaining four parts. After filling those, your franchise application form will be completed.
It is necessary to contact the local development agent
For this, you will have to talk to the agent of any Subway near you, who will explain the whole process to you, along with it will also give information related to the franchisee business which can be useful for you.
- Research for business (Conduct Local Research)
You should also have complete knowledge about the business you want to open. If you are thinking of opening a Subway franchise, then along with its market value, find out what people around you like. With which you will be able to choose the right and suitable business for you.
- Investment considerations
Take a franchise according to your investment and the risk in this business is also high, so you have to think in advance that how you will come out of your condition when you are short of money or incurring losses.
- Agreement on franchise
The FDD (Franchise Disclosure Document) is signed by both the parties, in which all the terms and conditions of the company are written. Along with this, for how many years this agreement between you and the company will be considered valid and how much will be charged, information will also be mentioned.
- Take training
Every person who signs a franchise agreement has to be a part of a training program at Subway’s headquarters. So that the franchisor can also be sure that you have all the information about the franchisee and you can handle the business well. You are given training of about 53 hours, in which your accuracy should be around 80 percent in web based training. Only after achieving that you can get a franchise.
- Choosing a good and safe place
Right and where you can run your franchise easily and without any problem. Apart from this, you have to keep in mind that your franchise should be among such people where people often come to eat fast food. For example, it would be appropriate to open a franchise in a mall or market or even near a cinema hall.
- Opening ceremony
For the promotion of your franchise, you have to hold a grand opening party. Because of which the people around there should come to know about your franchise.
How much is the Investment and Franchisee fee?
- If you want to open subway franchise in India then you have to invest 50 lakh to 65 lakh rupees. Apart from this, you will also have to make an agreement with the subway company, under which you will be charged Rs 6 lakh as franchise fee.
Royalty Fees and Advertising Fees
Presently, all Subway Franchisees pay 12.5% of the outstanding amount every week after deducting sales tax from gross sales. In which 8% goes towards royalty fees and 4.5% is charged for advertising.
Benefits of Subway Franchise in India
Although food business is a business where you can earn more and more money. But all this depends on your food quality, marketing, promotion and where is your restaurant, the profit you get on all these things. If the average income of the owner of a Subway franchise is seen, then it becomes up to 20 lakhs per month. Some franchises even earn around Rs 3 crore within a year. Any business depends on you how much or less you can earn.
How To Contact To Get Subway Franchise In India?
For Subway Franchise in India you need Subway Systems India Pvt Ltd. Which is located in Gurgaon. For this you have to go to Unit No. 20-24, 3rd Floor, MGF Mahanagar, MG Road, Sector 28. Or you can get information directly by calling the company’s landline telephone: +91 1244188700. Not only this, you can also contact us through email: [email protected].
Licensed and permitted by the Government of India
To run any food related business in India Permission letter from the Indian Ministry of Food i.e. license So you have to take it. Along with this, you will also have to take permission from the state government due to the Shop Establishment Act, apart from this, get the NOC letter from your municipality. Due to all this, due to the new tax system of India, you will also have to get the GST number by registering your franchisee. Only after getting all these certificates will you be able to run your franchise without any hindrance.
Precautions
In precautions, it will be very important for you to take care of the quality of the food item, the service provided to the customer and other maintenance related things. Because all these things are going to directly affect your business.
Conclusion
Before doing this business, you should make sure whether you have the necessary money or not, only then make a plan to take a franchise of Subway. In this business, sometimes investment-related problems arise when your franchisee does not work for a few months and you have to pay the fees on time. If you have money as well as skill and passion, then someone new will be able to stop you from being successful and by doing this business you will be able to easily earn money up to 3 times of your investment every year.