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#82
12-09-2006, 01:23 AM
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Re: Ask me about Subway
[ QUOTE ]
Why doesn't everyone know that the BMT is by far the best sandwich? [/ QUOTE ] The BMT is amazing, in case you were wondering it was originally called the Boston Manhattan Transit, then a couple years ago they realized nothing else there except the wallpaper had anything to do with subways, so they changed it to Bigger Meatier Tastier. 
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#84
12-09-2006, 01:37 AM
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Re: Ask me about Subway
chicken bacon ranch on a wrap. heeelllllllllll yeah. Only thing I will eat at subway.
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#85
12-09-2006, 01:40 AM
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Re: Ask me about Subway
[ QUOTE ]
This is very interesting- thanks for sharing your knowledge. 1. Do you know how much it costs to buy a franchise in your area? 2. When you say that costs run about 70-75% of revenue, is that excluding rent? So if you're an owner, pulling in say 30% of sales, what (if any) costs come out of your 30%? These guys can't be pocketing $4k a week? [/ QUOTE ] It can take between $75,000 and $225,000 to open a location. All Subway locations are franchised and the franchisor spends its time supporting the franchisees and ensuring the quality of the product/service. There's a one-time $15,000 franchising fee and an 8% royalty fee. I would say an average location pulls down no more than $750,000 in annual revenue. Assuming a 25% margin, which I think is pretty optimistic, you're looking at a 17% share for the owner after royalties. That comes out to $127,500. I'd be surprised if owners had that much net income per location. I would guess more in the $50,000-100,000 range.
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#86
12-09-2006, 01:41 AM
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Re: Ask me about Subway
[ QUOTE ]
chicken bacon ranch on a wrap. heeelllllllllll yeah. Only thing I will eat at subway. [/ QUOTE ] I hope you get the montery cheddar cheese melted with the chicken and bacon.
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#87
12-09-2006, 01:42 AM
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Re: Ask me about Subway
[ QUOTE ]
[ QUOTE ] This is very interesting- thanks for sharing your knowledge. 1. Do you know how much it costs to buy a franchise in your area? 2. When you say that costs run about 70-75% of revenue, is that excluding rent? So if you're an owner, pulling in say 30% of sales, what (if any) costs come out of your 30%? These guys can't be pocketing $4k a week? [/ QUOTE ] It can take between $75,000 and $225,000 to open a location. All Subway locations are franchised and the franchisor spends its time supporting the franchisees and ensuring the quality of the product/service. There's a one-time $15,000 franchising fee and an 8% royalty fee. I would say an average location pulls down no more than $750,000 in annual revenue. Assuming a 25% margin, which I think is pretty optimistic, you're looking at a 17% share for the owner after royalties. That comes out to $127,500. I'd be surprised if owners had that much net income per location. I would guess more in the $50,000-100,000 range. [/ QUOTE ] nicely done
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#89
12-09-2006, 01:43 AM
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Re: Ask me about Subway
Arnie,
Whats the best/worst part of your job? I had a friend who managed a Subway store. He always stole tons of food from there and basically stocked his fridge with the meat and ate it constantly. Do you ever grab a quick box of Subway turkey goodness and take it home with you? How often? Ever met Jarred? Whats your opinion of his fat ass?
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#90
12-09-2006, 01:48 AM
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Re: Ask me about Subway
[ QUOTE ]
Arnie, Whats the best/worst part of your job? I had a friend who managed a Subway store. He always stole tons of food from there and basically stocked his fridge with the meat and ate it constantly. Do you ever grab a quick box of Subway turkey goodness and take it home with you? How often? Ever met Jarred? Whats your opinion of his fat ass? [/ QUOTE ] The best part of my job is the free food, i rarely go to the grocery store. I don't take a bunch a stuff home and stock my fridge, but I do enjoy takeing whatever i want when i want, plus my friends/family enjoy it too. The worst part of my job is makeing the numbers look good for the owner. The food cost is affected by my stealing [img]/images/graemlins/mad.gif[/img]
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