Isn't Subway a private company? If so, the owners don't have to share anything about their finances with the press.

Subway died when they ended the $5 footlong

@TheoriginalBMT

Жыл бұрын

Inflation happened. The same sub today would have to cost $7.50.

@ericB3444

Жыл бұрын

They now have a 3 dollar one.

@tjwoosta

Жыл бұрын

@@ericB3444 Where? What is it? I paid $10 today for a footlong with no drink or chips.

The tragedy of the last 20 years is companies exploiting employees and management into taking less for more work while they seep profits into phony charities that take care of the vast tax burden of funneling so much money away from employees. You even see it with small businesses who give to the local baseball team or sponsor the yearbook; why can’t you sponsor the employee making your business thrive? Then we wonder why there are staffing issues.

I was a franchisee in Indianapolis between 1985 and 1993. I met Fred DeLuca, his wife and Peter Buck. Spent some time in his office talking to him. In those days I was 22 years old and I knew and understood more about the restaurant business than they seemed to know. Subway was a franchise selling operation posing as a restaurant chain. Nobody talks about the hidden money they made in those days from the equipment companies and vendors that were benefiting from their required purchases. When I had an idea that they later used, and probably received many millions of dollars from meat processors from kickback money by using it, I was told to worry about my restaurant and that they would never do what I suggested. They actually implemented it and did it before I sold my restaurants. The Director of Research and Development that I pitched the idea to directly, didn't even know the specific contents of the BMT sandwich. The flagship item of the menu. I never even received so much as a thank you for the idea. I am not bitter about this, I am only stating this because I was also fooled into thinking that they were a restaurant chain and actually cared about the food business. They were very good at keeping actual financial information from prospective franchise buyers and leading people to believe that all the store owners were very comfortable with the situation. I sold my franchises to existing owners and got out. That was an education I paid for. It had no real financial benefit to me except to keep me out of ever thinking of buying any franchise of any kind. Of course I have watched Subway expand to an incredible empire and generating billions of dollars, but I have never regretted getting out when I did. Their only concern was increasing sales by giving away food at the franchisees' expense. Discounting was out of control at one point so badly, that every day was a substantial loss, while they collected the 10 and a half percent from franchisees' bank accounts every week. Their philanthropy might be immense, but they certainly knew how to extract huge sums from franchisees who couldn't even afford to take a 4 day vacation after 3 years of running a Subway.

@RCColorado

Жыл бұрын

Thank you for writing this - much to be learned. ❤

@Matt-fq6ly

Жыл бұрын

What was the special idea?

@Apolloneek

Жыл бұрын

So your saying the 5 dollar footling was the death of subway ? And also would you possibly compare it to chic fil a franchisee ? They pay low up front cost and collect a good salaary but work like dogs

I sure wish Subway luck, it's a favorite of mine, lately though I've been paying $25 at Chipotle because of the amount served versus $13 for a sub that I must take home and add a good portion of veggies too.

Some people are complaining that excess profits are going to charities and other good causes, and they are jealous because they want the money? OK. Next issue please.

@Tkenny35

Жыл бұрын

I am skeptical of donating mass amounts of money to charities. I see stories where many charities pocket a good amount of donations and whatnot. For example, some members of the BLM movement were caught buying property with donations! I wonder with the amount of money being donated to charities, How come the world seems to be getting worse? LOL. Just a food for thought. Look at the mass amount of wealth Gates and Buffet donate and not much has changed. If I ever got to the point of being very wealthy and needed to donate, Id just star my own foundation and see where the money goes! I see many people doing that already and I would be on board to do that. I would feel more comfortable donating to a hospital than to a charity that says they "help underprivileged children" and every year they just buy backpacks and school supplies but gets millions of dollars in donations

@chrisvSTL

Жыл бұрын

It's all about jealousy for sure. We built this country on manufacturing and hard work. We have explored so much of the bedrock of our country and became lazy!! Anyone in this country can go from zero to a billionaire. My uncle went from zero to billionair. He had to file for bankruptcy 2x but never gave up.

I honestly would rather they just pay their taxes than give it to the funds which they control!!!

No mention of Jared...

Back when I left the US , any Greek owned pizza parlor would make a better “grinder “ than Subway’s cardboard taste subs with stale bread. Even Quizno’s claims , “it’s toasted “, well the Greeks toasted theirs a long ago. You are baking pizza pies , you have a hot oven , might as well toss the sandwich in it for a few minutes. No need to a sandwich toaster. So much for a marketing gimmick. Subway stores decor were bland even then. And they were in Brazil too, just as bad. Their stores came and went. Corporate owned or franchised , always either inferior bland food or overpriced. Most often the Greek ( at least in New England ) manning the counter and the oven would be the owner. So even if you you did not know how good or bad the location was , chances were you would get a decent bang for the buck. Franchises are a racket , pure and simple. Learn your trade through somebody else , pass the hat , and go about making it a business. No need to be a sharecropper for some corporate brand owner.

This is not her strong suit.

@ricow8163

Жыл бұрын

pff it was terribly hard to sit this one through!

At this rate, I'm just glad to watch a legit video from a "new source" that isn't pushing their political beliefs!

Happy to say, I paid for none of that. Subway sandwiches never seemed to resemble the ads

These guys made their money legitimately, how they decided to spend it and minimise their tax is no one's business. Well done gents! Love Subway! The cookies are outrageously delicious.

@MusicomApp

Жыл бұрын

@John Bryer who?

Playing Sukuk Bonds Vs The Great Awakening

@mariarahelvarnhagen2729

Жыл бұрын

According To Charles Drelincourt, The Hip Hop Recording Artist Dre Is The Center Of The Great Awakening Grave Robbing And Cloning Club Today

@mariarahelvarnhagen2729

Жыл бұрын

His Doctorate Was George Washington

@mariarahelvarnhagen2729

Жыл бұрын

Playing PC MiGrants

I’m as friendly as possible when at a subway and it goes a long way. More cheese and toppings and I leave a small tip and they remember that next time. I like subway.

#Subwaygate has to involve Jarrod and Hilary.

Subways prices looking discouraging like this narrator

@davidgolf3245

Жыл бұрын

She is British. Have you ever seen a happy Brit???

it might be funny, but i'm european, and subway witch i really like is like 80km from me XD last time when i had subway it was around 3 or 4 yrs ago XD

It seems Forbes is making this a negative piece because they’re annoyed they couldn’t get hard facts about how Subway is giving away its fortunes. Obnoxious really.

Why is Forbes reporting on this? This is newsworthy because?

Jarred Fogle

franchisees fd over by the imcompetantt subway corp. hope they rot in he!!

Why should they respond to a girl sitting in an office? It’s like me asking her about how much she has left on her student loans. It’s none of my business 🤷🏼‍♂️

$7,000,000 in royalties per week! Easy money!

I just wanted my time watching this non-burger

Not your best video @Forbes

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Жыл бұрын

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Жыл бұрын

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Жыл бұрын

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@dr.albertroland

Жыл бұрын

FXOWENS💯

The female presenter lacks presence. Fire her.

@d.koehler4187

Жыл бұрын

You don't UP-SPEAK every sentence or use a monotone voice like this. What is happening in Communication classes in college?

@SlumberSource

Жыл бұрын

​@@d.koehler4187there are no communication classes. The ability to communicate crystal clear at a very high level is the most important thing people can learn.

@RR-et6zp

Жыл бұрын

Lol

@gopisanthilalgandhi

Жыл бұрын

This comment is wrong at multiple levels. But, this is the internet I have to live with.

@SlumberSource

Жыл бұрын

@@gopisanthilalgandhi how long have you been a franchise owner of subway?