E2 Visa – Subway Franchise
If you’re looking for a great E2 Visa business, consider owning a Subway franchise. Business Insider says that “Subway is one of the cheapest major fast-food restaurants for franchise.” This is a great opportunity to be your own boss in a business with an established national reputation and a valuable restaurant brand.
With a well motivated staff this business model allows owners to take a hands-off approach and enjoy the benefits of living in the United States.
We Can Help You
Our goal here is to just do some initial research for you and give you some ideas as to the variety of opportunities. If you are interested in going for a Subway franchise, let us know as we have some excellent contacts.
Ok – let’s get into some details about the Subway Franchise.
Subway was founded in 1965, began franchising in 1974 and now has over 20,000 franchises in the United States and an additional 10,000 internationally, with 100% of those franchises being Owner Operated franchises. Because of the strong branding and reputation, getting a USCIS approval for an E2 visa application for this type of franchise should be very straight forward.
Subway is seeking new franchisees in all geographic areas and is an attractive investment with a low franchise fee, a simple ongoing royalty fee, extensive available training, an ongoing support structure and national and regional marketing. These, among other benefits, resulted in Subway being declared #3 on both Business Insider’s Top 50 Franchises list, and on the 2015 Entrepreneur.com Franchise 500.
E2 Visa Opportunities
When it comes to securing an E2 visa, reliability and long-term security are the most important thing for you and your family. Buying a franchise with a proven successful business model puts you in a great position for securing your E2 visa.
Subway requires as many as a dozen staff members to run it in shifts, easily fulfilling the job creation requirement which is key for a successful visa application.
Starting a Subway franchise will require a total investment ranging from $116,200 – $262,850.
Net Worth Requirements
It is important for every franchise that you run your business successfully, as the failure of your business will reflect badly on the franchise brand. Therefore, Subway requires that you maintain a Net Worth of between $80,000 and $310,000.
Net worth is basically the value of your assets minus the amount of your debts.
It is normal for a franchise to have a Liquidity Requirement, which means a required amount of cash that you will have left on hand available to the business should it ever be required.
For Subway, you will need to have a low $30,000 – $90,000 cash on hand. A line of credit may be sufficient to meet this requirement.
Remember, as a new arrival to the US under an E2 visa you may not have immediate access to lines of credit, so you will need to consider this in your overall investment budget.
Subway does not require training, but they do offer a 2-week training program at their headquarters for franchise owners. Subway also provides ongoing support through newsletters, meetings and other promotions to benefit franchise owners.
It is normal for franchisors to require new franchise owners to work in the business, but Subway has no restriction on absentee ownership. This means that a new franchise owner need not work daily (or at all) in the business. Subway also provides its franchise owners with toll-free phone lines, internet, security/safety procedures, filed operations/evaluations, purchasing, cooperatives, lease negotiation, co-op advertising, ad slicks, national media and regional advertising.
Franchise Fee / Royalty
It is normal for a franchise to require you to pay a small royalty or commission on the business that you generate using the franchise name and business model. Usually, you will have to pay:
- An Initial Franchise Fee to become a franchise owner,
- A royalty based on a percentage of the monthly gross of the business, and
- A franchise fee for any advertising and corporate promotions.
Subway’s initial franchise fee will be $15,000.
Once you own a franchise, Subway has a royalty obligation of 8% of the franchise’s revenues, and an advertising fee equal to 4.5% of gross sales. This means that 12.5% of your restaurants’ revenues will go to Subway corporate.
Finding Your Location
As your E2 visa immigration lawyers, we would be delighted to work with you and get you connected with the best person within Subway to help you source your location. Give us a call and we will get the ball rolling.
We offer free initial consultations to anyone looking for an E2 visa and a matching business. Our goal is to provide all of our clients with the very best advice and support possible, so do not hesitate to call for your consultation.
US Immigration Law Offices of Chris M. Ingram
Chris M. Ingram LL.M., ESQ – Immigration Attorney
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Everyday the Law Offices of Chris M. Ingram provides a comprehensive range of US Immigration expertise. We also provide a free consultation for our prospective clients.
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Specializing in the E2 Visa, EB1 Green Card, L-1A Visa and O1 Visa and K1 Visa Marriage-Based Immigration. Attorney Chris M. Ingram is dedicated to providing the very best in US Immigration legal representation. Enjoy our website.
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