How an Individual goes About Becoming a Franchisee for Subway Assignment

How an Individual goes About Becoming a Franchisee for Subway - Assignment Example This 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 key steps to follow. These steps include: researching the franchise market, making an online application, investigating about the subway brand, reviewing financial requirements, and joining 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 food restaurants or chains 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 favorable, he or she should apply for franchising through online by filling the application form. The for m should only be filled after reading through the binding contract 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 seeking to know about the recommended starting capital, he or she has to be keen on the size of the food chain’s establishment, equipment, location, and the scale of operation. After establishing a subway branch, entrepreneurs are supposed to offer quality services to clients while at the same time minimizing their operations cost.