3 ms·
An order of magnitude higher than 60k, if your goal is to compete in the market he was targeting. For 60k he could have opened a pizza or sandwich shop.
by binarymax 9y ago
An order of magnitude higher than 60k, if your goal is to compete in the market he was targeting. For 60k he could have opened a pizza or sandwich shop.
- bduerst 9y agoYou'd have a hard time even opening a Subway with $60k
- adventured 9y agoBet on closer to $200,000, with room for $250,000.
- mgkimsal 9y agoI googled subway franchise, found http://www.franchisedirect.com/directory/subway/ufoc/915/ http://www.franchisedirect.com/directory/subway/ufoc/915/ Low end estimate is $150k required up front, and high end of $320k. However, in that low end - $85k estimate for leasehold improvements. $15k for initial subway franchise fee. Local sandwich shop opened up a few years back and... while I don't know all the numbers, he didn't put in $200k up front. I suspect it may have been more like $40-$50k, between initial lease, equipment, stock, etc. Small town, passing traffic, little competition, he's done well enough that he's expanding - doubling his size and moving a bit up the street. He's also a very pragmatic guy, and the sandwich biz has been in his family for a couple generations, so I have to think they're at least moderately profitable.
- drewmol 9y agoThey recommend at least $30k in liquid assets, but I'm sure that depends on the market. $80-$310k minimum net worth. I agree with your statement, though this was interesting. http://www.businessinsider.com/what-it-costs-to-open-a-subway-2015-3 http://www.businessinsider.com/what-it-costs-to-open-a-subwa...