How an Individual goes About Becoming a Franchisee for Subway Assignment

How an Individual goes nearly Becoming a Franchisee for Subway - Assignment ExampleThis paper outlines that for any individual who is interested in venturing into this business, there are steps to follow, and this essay is a discussion of how an individual goes about becoming a franchisee with subway sandwich chain. To be a franchisee with subway sandwich chain, there are five mainstay steps to follow. These steps include researching the franchise market, making an online application, investigating about the subway brand, reviewing financial requirements, and connection the subway business. An entrepreneur will be required to research on the market of the recommended location by considering any potential competitor. For instance, the franchisee to be has to evaluate the existence of other fast nutriment restaurants or fetter in the area. The entrepreneur should ensure that there is no subway branch or chain in his preferred location of operation. After ensuring all this is favora ble, he or she should apply for franchising through online by change the application form. The form should only be filled after reading through the binding exact and agreeing to the terms and conditions to avoid future case of disagreements. Interested franchisees are also advised to engage solicitors in their financial discussions. From this paper it is clear that Entrepreneurs must have starting capital, which ranges from 101,000 US dollars to 285,000 US dollars. This is the recommended capital for US dwellers and setting . This capital caters for franchising fee and expenses for operation at least for the first three months. When one is want to know about the recommended starting capital, he or she has to be keen on the size of the food chains establishment, equipment, location, and the scale of operation. After establishing a subway branch, entrepreneurs are supposed to offer tint services to clients while at the same time minimizing their operations cost.