Subway FDD Summary
Type of Business
You will sell foot-long and other sandwiches, salads and other food items from a retail store.
DAI is a Florida corporation, incorporated on June 3, 1991 and does business as “SUBWAY”. DAI was originally formed as a Connecticut corporation, incorporated on October 17, 1967 as Doctor’s Associates, Inc and was moved from Connecticut to Florida on July I, 1991 by a Type F reorganization under Section 368 of the Internal Revenue Code. The address of DAI is 700 S. Royal Poinciana Blvd, STE 500, Miami Springs, FL 33166. DAI’s agents for service of process are disclosed in Exhibit!. As of December 31, 2012, there were 40,197 franchises sold, of which 26,313 are open and 1,203 in development. As of December 31, 20 12, there were 665 satellite franchises sold, of which 109 are open and 8 are in development. DAI offered plush toy business franchises from 1982 to 1983 but did not sell any. DAI has never offered franchises in any other line of business.
The initial franchise fee is $15,000. The initial franchise fee for additional franchises may be lower if you qualify. The total investment necessary to begin operation of a SUBWAY® franchise is estimated to be from $116,200 to $262,850 ($85,700 to $202,150 for a non-traditional location), assuming that you lease the equipment for your restaurant from us. This sum includes an estimated $14,020 to $39,920 that must be paid to us or our affiliate. This sum also includes initial start-up expenses for 3 months but does not reflect any sales revenue you may earn to help pay these expenses. This sum does not include any salary for the owner during the initial start-up period. For a detailed explanation of your total investment and all fee amounts, you should consult Items 5 through 7 of this Franchise Disclosure Document (“Disclosure Document”).