Do you need a business plan for a Subway? If you are interested in starting a Subway franchise, a comprehensive business plan and financial plan is required. As Subway has a specific structure that they would like each entrepreneur to follow, the first step is to review their specific requirements, which are updated often. According to recent times, Subway requests that the business plan includes the following:
- A description of the store’s proposed location
- Detailed 3 year pro-forma financial statements
- Management biographies
- A comprehensive marketing plan
- Demographic information and figures of people within the city that the business will operate and a focus on the target consumer profile
These are just a few of the business plan requirements Subway corporate insists upon. Subway also reviews each business plan stringently, and often comes back with suggestions and required updates before allowing an entrepreneur to proceed. If you want more information about a business plan for subway, call Capital West Advisors. As a leader within the business planning industry, we have developed business plans for many prospective franchisees including sub shops. For more information about our specific services and the business plan we can provide you, give us a call today at 888-300-3090.