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“Eat Fresh and $5 Foot long”. When anyone hears one of these they immediately think of Subway. Subway is a huge sub sandwich franchise that has been around for more than 45 years. It all started when the founder Fred DeLuca wanted to pay for college so he and his partner opened up a sub shop which turned out to one of the largest franchises in the world. They want to be the number one quick service restaurant franchise in the world. This has made Subway the most popular franchises and largest fast food chain in the world.
Subway was founded in 1965 when Fred DeLuca’s $1.25 per hour job was not cutting it. He asked Dr. Pete Buck, a family friend, for financial advice. When the Pete found out how badly Fred wanted to go to college he thought he would help Fred out. Pete told Fred to open up a submarine sandwich shop and explained to him how it worked. Pete wrote him a check for one thousand dollar and became his partner. Later that year they opened up a submarine shop in Wallingford, Connecticut call “Pete’s Super Submarines”, Fred hoped he would acquire enough money for college. Pete’s Super Submarines changed is name a few years later to Subway; it also began franchising in 1974. Fred DeLuca is still Subway’s president after forty-five years and thirty-five thousand restaurants later.
The franchising fee to obtain a Subway is fifteen thousand dollars and a twenty year franchising agreement. The total investment could be as little as $ 78,600, but it depends on the location and other factors. It cost two thousand dollars for the property and four thousand five hundred for the equipment. The security system, freight charges, and outside signs cost two thousand dollars each. The opening inventory cost four thousand dollars, ...
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...Subway also aims to make the customer happy by letting them have so many options of sandwiches. Their vision is to be the number one quick service restaurant franchise in the world while delivering fresh, delicious sandwiches and an exceptional experience, which is why they have so many different locations and styles. They have which would explain their two slogans $5 Foot long and East Fresh.
Works Cited
• http://money.cnn.com/galleries/2010/smallbusiness/1004/gallery.Franchise_failure_rates/index.html
• http://www.entrepreneur.com/franchises/subway/282839-0.html
• http://www.subway.co.uk/business/franchise/financial_information.aspx
• http://www.subway-franchisecost.com/tag/country
• http://www.subway.com
• http://www.franchisedirect.com/directory/subway/915/
• http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=6463296
Nearly all of the company's restaurants are operated by franchisees. Moe’s is a business format franchise and is available for single-location or multiple-location deals. The franchise fee for a single-location deal is $30,000 non-refundable. In order to open a store location, a franchise is expected to have $200,000 in liquid capital and $600,000 in total assets. Moe’s Southwest Grill, a 2007 Top Ten Growth Chain according to Restaurant Hospitality and Technomic, is prepared for vigorous franchise growth.
...rted In-N-Out Burger where their philosophy was simple “Give customers the freshest, highest quality foods you can buy and provide them with friendly service in a sparkling clean environment.”
Did you know Panera Bread is one of the fastest growing franchises in America (Panera Bread Franchise)? The restaurant must have great qualities for people of all kinds to love it as much as they do. Visiting Panera Bread I had an awesome experience mainly because of its physical environment. Panera Bread has a great environment which is ideal for encouraging consistent business.
The next and most obvious task one must perform at Subway is the making of sandwiches (plus salads and wraps, but let's not get too elaborate). The first step for making
This fare is even lower than the average fare that we pay today for a 30 day unlimited metro card. If one does the math, that’s $1.96 in 2009 dollars. Today the 30 day unlimited metro card brings fare down to $1.25. Altogether, I consider the subways to be a profitable deal. I mean how else one can get from Inwood Country Club to Rockaway Beach for less than the cost of a Starbucks
The New York City Subway is one of the oldest public transit systems in the world, and Manhattan has its fair share of it, especially in the form of abandoned subway stations.Subways are great mean of transportation, with great historical and geographical value. Interborough Rapid Transit company built the first subway in 1904. The subway consisted of what is today the IRT Lexington Avenue Line south of 42nd Street, the 42nd Street Shuttle and the IRT Broadway - Seventh Avenue Line between 42nd and 145th Streets. 28th Street is a part of the first IRT line of NewYork city. It a local station on the Lexington Avenue Line of the New York City Subway, located at the intersection of Park
Doctors’s Associates, Inc.: A company who owns and operates Subway. It has approximate 40,855 restaurants in 105 countries, in January, 1, 2014. The total annual revenue is of $32.1 million dollars.
Panera Bread Company is a bakery-café that serves specialty sandwiches, gourmet soups, and sweet treats. The founders of Panera, Shaich and Kane, have consistently developed the company around a strategy of growth. The Shaich and Kane initially operated Au Bon Pain; a bakery served large urban areas. Seeking to extend into other markets, the pair obtained St. Louis Bread Company, seeing the benefits of acquiring an already established enterprise. The niche market that Au Bon Pain had enjoyed previously, had become a strategic weakness as it became limiting. The bakery-café culture developed in the St. Louis Bread Company was too costly to implement at the Au Bon Pain locations. Shaich, the remaining founder, sold Au Bon Pain which left no debt and cash reserves to expand the St. Louis Bread Company, known as Panera Bread Company outside the St. Louis area.
In 1998, McDonald’s, in order to remain strong, tested the “McDonald’s Big Xtras” or “MBX” which was a potential hit. The “MBX” was a 4.5-ounce burger launched mainly to compete with Burger King’s “Whopper”. It was also reminiscent of the1980s “McDLT”, In ’98; they also brought back the “Filet-O-Fish” which in 1996 had been replaced by “Fish Filet Deluxe”. On a promotion basis, they offered novelty sandwiches, like “Cheddar Melt” and the “McRib”.
The subway started its initial run at that time, under the auspices of the Interborough Rapid Transit Company (IRT), traveling nine miles through 28 stations in Manhattan. Even though Boston built their subway seven years earlier that New York City, NYC has the largest American rapid transit system in The U.S.A. At that day approximately 100,000 New Yorker tried the submerged railroad which was only in Manhattan, starting from south of the borough in City Hall heading north until Harlem station. The ticket costed a five cent coin. However, a year later the expanding reached the Bronx to have better connection outside the island. Three years later, IRT opened their lines in Brooklyn and toke another seven years to run their trains in Queens. Unfortunately, they never connected the subway lines to the fifth borough, but Staten Island has its own subway system since it is an island and it is hard and expensive to construct long tunnels underwater. In 1968, the Metropolitan Transport Authority (MTA) had the charge of running the system until today. The system has more than 25 lines scattered in the four boroughs with about 470 stations. The engineers studied the infrastructure of NYC to locate ewers, gas pipes, water mains, electric conduits, and other subsurface structures accurately to avoid any kind of accidents. They used the classic cut and
A world without the Big Mac, Happy Meals, Chicken McNuggets, and the phrase “I’m lovin’ it,” is almost inconceivable. People around the globe have become accustomed to the high gleaming golden arches that make up the famous emblem for McDonald’s. McDonald’s has grasped the concept that culture flows from power. In this case, the American culture flows through the veins of this fast-food giant and the more that is supplied, the greater the demand. It is no secret that McDonald’s has become one of the world’s largest fast-food retailers. It has become a well known icon that has played a huge part in globalization, with chains located in many different countries… transforming the meaning of fast-food all around the world.
Subway is an American fast food restaurant franchise founded by Fred DeLuca and Peter Buck in 1965. Throughout the years, the company has gained substantial amount of growth in franchises and has become one of the largest single-brand restaurant chain in the world. Subway continues to display fierce commitment to provide a wide range of taste, healthier food choices while considering environmental footprint and creating a positive influence in the communities they serve. The objective of this report is to investigate and identify how Subway competes in the market through identifying the main performance objectives and examining the measures implemented within the operation, in order to maintain their desired level of performance. It will explore
It all started with a something so simple as a sandwich. A small, hole-in-the-wall, stop-and-go-slash-sub-shop that served the best sandwiches I'd ever eaten. Of course, that wasn't its real purpose. The store was a quick-stop place, a mini-mart, if you will. You could pick up milk on the way home, or, if you fancied a soda and candy for the road, that could be bought, too.
Subway has just become the biggest fast food franchise in the United States. They advertise a healthy menu full of all natural ingredients. However a recent experiment by the Journal of Adolescent Health found people consume almost the same amount of calories at Subway as McDonalds (Lesser). Subway is not the only fast food advertising healthy options however. Despite the unhealthiness of fast food, these chains do offer some benefits. Natalie Stein,a writer for the live strong foundation, who focuses on weight loss and sports nutrition points out some crucial benefits of fast food. Stein acknowledges the convince of fast food in her article “What Are the Benefits of Fast Food?” She believes that having fast food restaurants on almost every corner is a good thing. This might be a good thing to some people, but what is too much? The conveyance of fast food chains has driven out grocery stores and ruined a chance at a healthy diet. With obesity growing in the United States maybe it’s time to rethink the actual conveyance of fast
Shooter, A. (2011). Invasion of the super-sized sarnies: As Subway overtakes McDonalds as our biggest fast-food chain, the artery clogging truth about its sandwiches. Retrieved April 10 2013 from http://www.dailymail.co.uk/health/article-1365424/Subway-vs-McDonalds-The-artery-clogging-truth-favourite-fast-food-chains.html