In Today’s Article At Myonlineca, we will tell you about How to Apply for Subway Franchise In India.
The Fast food business at this time is increasing in India and all the traders who trade in this are doing well. If you also want to invest your money in a restaurant or food business, you can take a subway Franchise and get a good position in your food-related business. Subway is one of the world’s best franchisee distribution companies.
At present, the number of Subway franchise stores in India is 353. Subway has been proving to be a very powerful brand in India for some time now. For this, many people want to become Subway’s franchisee. Many traders in India are earning good money in the business by taking the franchise of Subway.
Subway History
- Subway is a company that offers franchisees throughout the world. Which was started in August 1965 by Fred Delukea at the age of 17 . Firstly Fred had borrowed his family friend, Dr. Peter Buck, for a loan of $ 1000 or about 65 thousand rupees, and with this money, Fred opened a sandwich shop, which is now known as Subway all over the world.
- Subway was described as the world’s second-fastest franchise delivery company in 2012. In addition, in 2017, Subway had established its shops in different locations around 45,000 in more than 100 countries.
- One of the most famous foods made by Subway is sandwiches. Along with this, pizza and salad are also made very delicious in Subway which the whole world likes.
What is Subway Franchise?
Subway offers franchisees to open its own branch worldwide. To take the Subway’s franchisee means that you have obtained permission to use the brand name of Subway. Along with this Subway gives you a list of all your menus, along with the method of making food items is also sent. The biggest advantage of this is that Subway Experts are ready for your every help. Simply put, Subway Company shares fees for your work and the recipes of your famous product.
Why choose subway as a franchise
Worldwide growth
The first thing is that you own the subway restaurant itself and become part of this big restaurant chain of the world. People who already know the whole world Not only this, all Subway franchise owners work together. So that the franchisees can be easily dealt with by every problem in the business.
Special food
The biggest advantage of taking Subway’s franchisees is that you become part of a restaurant that is not well known how many types of delicious food is famous all over the world. The special thing about the Subway Company is that these times also vary the taste according to the customer, from which customers always like to visit the Subway restaurant.
Big and Supportive Network
When you join the Subway Company, before you make your first sandwich, you will receive training and world-class support from Subway. Apart from this, you will be guided from the ground level to every little thing from time to time, which will further increase your business.
Promotional, Training and Marketing
Subway makes complete arrangements for training at the time of franchising so that you can easily understand the business structure run by Subway. With this, your skills are also good, together you know the formulas for pursuing the business, and if there is marketing, then there is no need to worry. Because the company is always thinking about the propaganda of its own brand itself and from time to time, it focuses on advertisement and marketing with TV news and other new ways.
Steps to open a subway franchise
Request a franchise brochure
In the franchisee voucher itself, every kind of information related to the opening of the subway’s franchise will be given. You will need to fill out the form by clicking here. In which you will have to fill all the information related to the personal address, name, and contact. After that, you will be contacted by the company yourself and you will be given all information related to the franchise.
Submit Franchise Application Form
- To fill this application form, you will need to open the webpage with the help of the link. This application has been divided into nine parts. In the first part, you will have to fill in your personal information, which will include name, house number and Tax number and other information.
- In the second part, the personal information of your spouse will be filled, such as date of birth, address, citizenship and other related information. In the third part of it, you have to provide your education-related information.
- In addition, in the fourth and fifth part of the application, you will have to give your business information. In the fifth part, you have to give your income and every type of information added to the bank. While in the fourth part you will have to inform the franchisee business about where you want to open the franchisees and how much investment.
- After all the remaining parts, restaurant operations, disclaimer, investor, and signature information will be supplied. After filling your franchise application form will be completed.
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Meet Local Development Agent
For this, you have to talk to a Subway agent near you, which will explain you the whole process, along with the franchisee business information that will be useful to you.
Conduct Local Research
You should also have complete knowledge of the business you want to open. If you are thinking of opening subway franchises, then with its market value, also find out what people around you like. From which you will be able to choose the right and your favorable business.
Secure Financing
Take the franchisees according to your investment and the risk is also high in this business, so you have to keep thinking beforehand how you will emerge from your condition when you are in shortage of money or losses.
Sign Franchise Agreement
Both the parties are signed on the FDD (Franchise Disclosure Document), in which all the terms of the company are written. Along with this, information about how long the agreement will be treated and how much the fee will be charged to you and the company.
Attend training
Every person who signs the franchise agreement has to become part of the training program at the headquarters of Subway. By which the franchisor can also trust that you have all the information about the franchisees and you can handle the business well. You are given training of approximately 53 hours in which your accuracy should be around 80 percent in web-based training. Only after getting it can you get the franchise.
Secure a Location and Build Your Store
Correct and where you can run your franchise easily and with no problems. Apart from this, you have to keep in mind that your franchise is among people where people often eat fast food. For example, it would be appropriate to open a franchise in a mall or market or even a cinema hall.
Celebrate Grand Opening
For the promotion of your franchise, you have to keep a grand opening party. Because of that, people around you will know about your franchisees.
How much is the Investment and Franchisee fee
If you want to open subway franchise in India, then you have to invest up to 50 lakh to 65 lakh rupees. In addition, you will also have to compromise with the Subway Company, under which you will be charged Rs 6 lakh as a franchise fee.
Subway franchise Royalty fee and Advertising fee
At present, all Subway franchisees pay 12.5% of the proceeds by removing the sales tax from the gross sale every week. In which 8% goes to royalty fees and 4.5% is taken for advertising.
Subway franchise profit margin in India
Although the food business is a business where you can earn as much money as you can. But all this is your food quality, marketing, promotion and place where you have a restaurant, all these things are hinged on you. If the average earning of the owner of the Subway Franchisee is calculated according to the amount of up to 20 lakhs per month. Some franchisees also earn around 3 crore rupees within a year. Any business depends on you how much or how much you can earn.
Contact information for Subway Franchise
Subway Systems India Pvt Ltd. For Subway Franchise In India Which is located in Gurgaon. For this, you have to go to Unit Number 20-24, Third Floor, MGF Metropolitan, MG Road, Sector 28 address. Or you can get the information by calling directly to the company’s Landline Telephone: +91 1244188700. Not only this, you can also contact E-mail: SA_development@subway.com for this.
License and permission by the Government of India
To run any food-related business in India, one has to take the FSSAI license Along with this, you will have to seek Registration under the Shop Establishment Act and also get NOC from your municipality. Due to the new tax system of India, you have to register your franchisees and also get the GST number. After getting all these certificates you will be able to run your franchise without any interruption.
Precaution
In the precautions, it would be very important to take care of the quality of food, the service offered to the customer and other maintenance matters. Because the effect of all these things is directly on your business.
Conclusion
I hope you like this article about How to Apply for Subway Franchise. still, if you are confused you can check out our website to know more about How to Apply for Subway Franchise.