One of the biggest fast-food businesses in the world, Subway has more than 42,000 locations across 100 nations. For business owners who desire to open and run their own Subway restaurant, the firm offers franchising options. However, how much money does a Subway franchisee make?
The average annual gross sales for a Subway franchise is $417,000, with an average annual net income of about $69,000, according to the Subway website. These figures, however, can change based on the environment, the level of competition, and other elements. The startup costs for starting a Subway franchise, which include the franchise fee, supplies, and other expenses, range from $116,000 to $263,000.
Contrarily, Orangetheory Fitness, a well-known fitness brand, provides group exercise classes with a heart rate training emphasis. The business operates at over 1,300 sites across 23 nations, and interested businesspeople can apply for franchise opportunities. The launch costs for an Orangetheory Fitness franchise, which include the franchise fee, equipment, and other expenses, range from $563,529 to $994,882.
According to Franchise Business Review, an Orangetheory Fitness franchise typically generates $1.1 million in annual revenue, with a net income of about $146,000. These figures can, however, also change based on the environment, the level of competition, and other elements.
The founder and CEO of Orangetheory Fitness, Dave Long, is a prosperous businessman who has amassed wealth in the fitness sector. With a heavy emphasis on innovation and technology, Orangetheory Fitness has grown to be one of the fastest-growing franchises in the world under his direction.
In conclusion, with an average net income of about $69,000 annually, owning a Subway franchise can be a financially rewarding endeavor. Although Orangetheory Fitness franchises offer higher average revenue and net income, the initial investment needed is cheaper. A franchise investment should only be made after doing extensive research and weighing the benefits and dangers.