This website uses cookies to ensure you have the best experience. Learn more

Work Essay

5672 words - 23 pages

Date of Incorporation: 1965
Franchising Since: 1974
Headquarters: Miami Springs, Florida
Business Description: Subway Restaurants sell foot-long and numerous other kinds of healthy sandwiches, salads, etc. in its franchise.
Franchise Offer: Subway offers highly qualified purchasers the right to operate and establish from a single location, a franchise selling specialty sandwiches, salads and other healthy edibles. 
Term of Agreement and Renewal
The length of the franchise term will be 20 years and as per the contract, Subway has all the rights to refuse the renewal in case the franchisee does not generate profits of fulfil compliance.
Investment Tables:
Initial Investment:
For a ...view middle of the document...

Fees for Unpaid Balances (when payment is more than one week late) | Interest charge of 12% (or maximum allowed by law where the restaurant is located) per annum on amount owed. |
Fees for Unpaid Balances (when payment is more than one week late) | Late fee of 10% (or maximum rate allowed by law where the restaurant is located) per annum of amount franchisee owes may be charged. |
Fees for Unpaid Balances (when the franchisee defaults on payments because of a bank change without notice) | $50 |
Fees for Unpaid Balances (bounced check or pre-authorized draft) | $20 |
Fees for Unpaid Balances (When Subway or its affiliate incurs the expense) | Costs of collection, including lawyers' fees. |
Transfer | $7,500 plus $3,000 for any satellite. |
Location Rent/License Fee | $1,000 - $6,000 per month, estimated. |
Equipment lease | $2.70 per month per $100 |
Equipment Lease (upon transfer) | Transfer fee of 5% of buyout price. |
Equipment Lease (upon early termination) | Early termination fee of remainder of monthly payments, limited to 18 months' payments. |
Equipment Purchase and Freight Charges | Cost of equipment and buffer to cover freight charges, taxes, and other costs. |
Insurance | $800 - $5,000 per year. |
Indemnification | All liability, damages, and costs, including lawyers’ fees, incurred. |
Non-compete Violation | $15,000 for each competing store plus 8% of its gross sales, or $100,000 (whichever is higher) |
Confidentiality Violation | Subway's damages. |
Trademark Violation | $250 per day. |
Operations Manual | $50, subject to change in the future. |
Dispute Resolution | Half of arbitration fee, except franchisee will pay the whole fee plus costs, including lawyers' fees, management preparation time, and travel expenses if he/she withholds money from Subway or an affiliate.
If the franchisee breaches the provisions of the Franchise Agreement regarding mandatory arbitration, or restrictions on damages or against whom he/she can arbitrate, or the proper forum for an action, the franchisee will pay Subway’s expenses and the expenses of anyone named improperly, including lawyers' fees; the franchisee will be liable for abuse of process.
Probationary Case Management Fee - $500; Probationary Extension Fee - $250
Interim Order Case Management Fee - $250
Litigation Expense Fee to permit sale of restaurant -5% of gross consideration received for sale of restaurant, not to exceed $5,000 |
Co-Brand Continuing Fee | 0% - 8% of total gross sales of a co-brand concept. |
Fees Charged by Co-Brand Franchisor | Fees and rates set by third party co-brand franchisor. |
Optional Store Listing Service | $100 for each 90 day period. |
Fees for Software License, Maintenance, and Processing | For SubShop/2000:
$540 initial license fee for the software when the franchisee purchases the POS system from Par or Micros
Annual $400 software maintenance fee payable to Subway
$16.43 per year payable to a third party,...

Other Papers Like Work

Virtual Work Essay

702 words - 3 pages Virtual Work Definition: Virtual Work is “work performed away from the traditional physical workplace by using information technology” (McShane & Von Glinow, 2013, p. 21) Summary: The article entitled “The Third Wave of Virtual Work” written by Tammy Johns and Lynda Gratton discusses how virtual work has evolved in three different waves over the past thirty years. The first wave of virtual work started in the mid 1980’s and created a

Alternative Work Essay

1056 words - 5 pages Abstract In this paper I will inform the audience on the multiple types of alternative work options giving today in the workforce. I will list the multiple advantages and disadvantages of alternative work environments. I will breakdown these advantages and disadvantages from both the employee and employers viewpoints. All information researched will be properly cited and noted for the audience to gain further information.   Alternative

Social Work


Work Organization

1289 words - 6 pages There is no honest answer to “who changes work organization”. The changes to work develop from the constant battle between employee and employer over workplace control. Additionally managers, unions and the state bring other variables to the mix, each collectively shaping our workplaces. Numerous types of changes can occur; all of which have an effect on the workers psychological feelings. Finding the balance between worker and employer goals is

Virtual Work

657 words - 3 pages Definition: Our textbook defines virtual work as, “employees use information technology to perform their jobs away from the traditional physical workplace. The most common form of virtual work, called telecommuting or teleworking, involves working at home rather than commuting to the office” (McShane & Von Glinow, 2010, p. 22). Summary: In his article, “Unilever Moves Employee Telecommuting to a New Level,” Gary M. Stern writes about how

Team Work

557 words - 3 pages Assessment 1 Tasks What are the interpersonal skills which support effective team working? 1. Firstly, an interpersonal skill which supports effective team work is to listening skills. It is important that all team members in the group listen to what everyone has to say and contribute to their ideas. Another interpersonal skill which supports effective team work is effective communication. It is important that everyone in the group can

Work Engangement

3995 words - 16 pages [pic] [pic] B.Sc. in Psychology Level 5 Academic Year: 2013-2014 Module: Psychological Research “ Is work engagement the remedy to employee burnout? Discuss with reference to current research evidence.” Tutor

Work Changes

1690 words - 7 pages Running head: WORK CHANGES Work Changes Many things change in the course of time. Often even though the outside world changes the workplace stays the same, becoming the last place to take the steps to become part of society. The short story “In Service” was written by Louisa May Alcott. Miss Alcott grew up in a time when poverty was very common and work was hard to find. She had a lot of jobs in her teens. Miss Alcott also was left to take

Work Ethics

1791 words - 8 pages Abstract Working in the medical field can be a rewarding experience, when you see the patients feeling better, returning to the comfort of their homes and life as they know it. However it can also have its challenges. Working in a medical lab where there is no team work between the various sub-departments causes’ poor patient care and decreased turnaround times. The purpose for this experiment is to create an environment in which the labs

Philosophical Work

653 words - 3 pages There has been an immense amount of philosophical work on the idea of equality in the last thirty years, resulting in a number of different conceptions of equality. In this paper, we define equality in a robust sense as ‘equality of condition’. The most general way of defining equality of condition is simply to say that it is the belief that people should be as equal as possible in relation to the central conditions of their lives. Equality of

Work Ethic

1514 words - 7 pages The New Work Ethic BUS 309: Business Ethics The New Work Ethic It is becoming harder to find good work ethics in this day and time. A lot of employees view their job as one the worst jobs to be in. In the article that Sheehy wrote, “A new work ethic”, he describes his employees as having a carefree attitude. He writes about how many employees just want to go to their place of work, but actually do no work. Employers have said that it

Related Essays

Work Essay

781 words - 4 pages WORKSHEET 3 WORK AND POWER Key Concepts: WORK (W) – is the PRODUCT of the net FORCE (F) applied and the DISTANCE (d) it travels in the direction of Force. In equation WORK = force x distance , (W = Fd) POWER (P) – is the RATE (t) of the doing WORK (W). The FASTER the WORK is done, the GREATER the POWER. In equation: Power (P) = WORK (W) / time (t) * Amount of power does not show the amount of work done. It just

Work Essay

749 words - 3 pages and Teachers? Wilshaw states that teachers must work extra hours for a pay rise and that moaning about their salaries were no excuse, they just have to get on with their jobs. Apparently there is no stress in the teaching profession. They must work hard and provide the best for children particularly poor working class children. Wilshaw has told the education secretary to identify underperformance in academies which are independent of

Work Essay

1535 words - 7 pages is it important to save your work often? Explain your answer using the two terms primary storage and secondary storage. Because data is temporarily stored in RAM or primary storage, which is volatile. If the power is lost, all data in primary storage is lost. In order to secure the data, it must be copied from primary storage to secondary storage, such as a hard drive or floppy disk, which is nonvolatile or permanent storage. 3. Most buses are

Work Design Essay

646 words - 3 pages Work Design Work design has been researched and applied extensively in organizations. Recently, organizations have tended to combine work design with formal structure and supporting changes in goal setting, reward systems, work environment, and other performance management practices. These organizational factors can help structure and reinforce the kinds of work behaviors associated with specific work designs We will examine three approaches