Starting a Subway franchise in Canada involves several key steps and financial considerations. Here’s an overview to guide you through the process:

1. Initial Investment:

• Franchise Fee: The initial franchise fee is approximately CAD 15,000.
• Total Investment: The estimated total investment ranges from CAD 102,000 to CAD 234,000, depending on factors such as location, size, and specific operational needs.

2. Financial Requirements:

• Net Worth: A minimum net worth of CAD 80,000 is typically required.
• Liquid Assets: Franchisees should have at least CAD 30,000 in liquid assets available to cover initial investments and operating expenses.

3. Ongoing Fees:

• Royalty Fees: An 8% royalty fee on gross sales is payable to Subway.
• Advertising Fees: An additional 4.5% of gross sales is allocated to a national advertising fund for marketing and brand promotion.

4. Steps to Open a Subway Franchise:

• Assess Eligibility: Ensure you meet the financial and experience requirements.
• Submit Application: Complete the franchise application form on Subway’s official website.
• Review Franchise Disclosure Document (FDD): Carefully examine the FDD to understand the terms and obligations.
• Secure Financing: Arrange the necessary funding through personal savings, loans, or other financial means.
• Select Location: Work with Subway to choose a suitable site based on market analysis.
• Complete Training: Undergo Subway’s training program to learn operational procedures.
• Open the Franchise: Launch your Subway restaurant and begin operations.

5. Additional Considerations:

• Location Selection: Choosing a location with high visibility, accessibility, and foot traffic is crucial for success.
• Market Demand: Assessing the demand for Subway products in the target market is essential.
• Operational Ability: Possessing the necessary skills and experience to effectively manage and operate a Subway franchise is important.
• Franchise Support: Evaluating the level of support and training provided by Subway to franchisees is beneficial.

For more detailed information, you can visit Subway’s official franchise page.

Disclaimer: This information is provided for general guidance purposes only and does not guarantee accuracy. It is recommended to consult directly with Subway’s official representatives or financial advisors for the most current and personalized information.