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Subway Franchise
Costs: Start-up Fee: $15,000 Total including extra materials: $106,300 Lower Cost $173,400 Moderate Cost $238,300 Higher Cost
Co-op advertising, company helps you advertise. They provide the advertising material.
Managing: You are the manager of your own store, and you pick and choose who you want to hire to work for you.
Royalty Fees 8%
Risks: - The business will not pick up and you won't make profits. - The location of the store you picked wasn't good and you don't get that much business. - Parent company could go out of business and leave you with nothing left.
Starting a new business: Pros - You aren't told what you can make and can't make, or told what is to be advertised or not to be advertised.. Cons - Not already well known, so not many people will go in at first. Starting a Franchise: Pros - A known company that you know will give you solid business and will not go out of business as easily as a new business would. Cons - A lot of the choices are made for you (what you can sell, what ads you can hang up, ect.)
You can find help on starting a franchise by visiting many websites such as http://www.entrepereneurship.com or the home page of your company's site.
