That’s right. Subway franchises in Asia are on fire.
The largest franchise in the world has been steadily increasing it’s presence in Asia, and it’s finally starting to pay off.
According to The Star.com – Malaysia, Subway’s Asia business is now worth over $500 million with a 29% year-on-year revenue growth.
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1600 Franchise Units Up And Running
Subway® could be well on it’s way of hitting a goal they put on the table in 2011:
2,000 franchise units open by 2015. Read
That’s a lot of franchises.
Subway Franchise Costs In Asia
How much does a Subway franchise cost in say…China?
A Subway® franchise costs $9,000 in China, with a 50 percent discount for a second outlet. Subway® corporate receives an 8 percent royalty of each store’s weekly sales, and checks every store on a monthly basis to ensure prescribed standards are being maintained. The total up-front investment for a Subway® franchise in China, including the franchise fee, equipment and remodeling expenses, is around 750,000 yuan to 1 million yuan ($115,000 – $160,000 US) depending on the specific location.
Fred Deluca, Subway’s founder, shares his vision for growth in Asia, here.
Top image courtesy of p.Gordon, on Flickr