Subway has 78 outlets in Greater Manchester, including 10 in the city centre, and expects 25 to 30 new openings during 2009.
But is the explosion in numbers starting to put would-be franchisees off? Not according to Zubair Ishaq who opened his outlet on Withington Road, Whalley Range, four weeks ago.
â€œDespite the credit crunch things are still good and people still have to eat,â€ said Ishaq. He used to work at Laropa Ltd, a wholesale ladies’ fashion business owned by his father in Cheetham Hill, but last year along with his brother Muhammed Shuaib, he made the decision to become a Subway franchisee.
Ishaq wouldn’t say how much he and his brother paid for the franchise but the standard fee is Â£9,200 with set-up costs for a traditional restaurant starting at around Â£100,000. Once operating, Ishaq will have to give 8 per cent of his turnover to Subway plus another 4.5 per cent to cover the cost of advertising.
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