Subway The Best Franchise

1. Subway The Best Franchise By: Jackson Smith

2. Franchise Definition: An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities

3. Franchisee/Franchiser A franchisee is the person who wants to own a franchise. A franchiser is somebody who franchises their company. So letting other people build them but they take a royalty on it.

4. History of Franchising • Back in the middles ages, local leaders would designate privileges to citizens. Some of these rights included conducting fairs, running markets, and operating ferries. The franchising idea then carried forward to the practice of Kings yielding rights to conduct activities such as beer brewing and road building. In addition, the expansion of the church is known as a form of franchising.

5. History of Franchising Cont. • During the 1840's, several German ale brewers granted rights to particular taverns to market their ale. This was the beginning of the type of franchising that became familiar to most of us in the twentieth century • There is a royalty on you owning a franchise.

6. Advantages • The advantages of owning a franchise are that you have an 80% chance of success. You also make a lot of money off of an already built market for the product.

7. Advantages • Depending on what kind of franchise you own and what you charge for your product or service you could be helping the community. You also get free advertizing

9. Advantages • There are a couple more. The franchisee has access to accumulated business experience and technical know-how in managing the business. The franchisee also has an opportunity to run a proven business concept with a successful operational record.

10. Disadvantages • There are a few disadvantages of owning a franchise. One being there is a 20% chance of failure. Another being that you have to pay a large royalty to the franchisor. (The person who owns the store that you are franchising). The franchisor also has to disclose confidential information.

11. Disadvantages • The transfer of all goodwill built in the local market to the franchisor upon expiration or termination of the franchise contract.

12. Disadvantages • For the franchisor at the beginning of the franchise program there is a broader risk that the trade name can be spoiled by misfits until such time the franchisor is capable of selecting the right candidate for the business.

13. Subway • Subway is a new and booming franchise. They are appearing everywhere. You can make a lot of profit but you have to hire the right people.

14. Subway • If you are going to be running a Subway franchise you have to hire the right people. Because people can sometimes be unsure of what they want. So your employees have to have patience and do it correctly the first time.

15. Subway • Another key thing to owning a franchise is location. The location is important because your franchise will get more traffic depending on where you would put it. Don’t put it near any other subway franchises, that’d just be stupid of you. You would want to put it like, near a neighborhood or downtown. Subway is the best franchise to own, cause its delicio

16. Summary • Well, Subway is the best franchise to own. It has a relatively cheap startup. It is cheap to maintain. And you make quite a bit of money. I wrote all of this myself • So there are no credits.