How Much is a Subway Franchise?
The world of fast-food restaurants is certainly one of the most lucrative industries in business. Within the United States alone, the fast food industry is worth more than $900 billion and has a compound annual growth rate (CAGR) exceeding 5%. So, if you were to enter this industry with a defined entity like Subway, just how much would a franchise cost? Over the last two decades, Subway has grown into a global staple and a dominant entry into the overall quick-service restaurant industry. The average Subway restaurant typically grosses more than $490,000 per year. Moreover, a typical franchisee is estimated to earn a net income of around $30,000–$70,000 in a single year. However, let’s delve deeper into the cost of opening a Subway franchise and whether such an endeavor would be optimal for a potential business owner. The Cost of Opening a Subway Source: PR Newswire Also Read: How Much is a Chipotle Franchise? The initial Subway restaurant opened in Connecticut in 19...