Recession be damned. Subway restaurant chain is firing on all cylinders, according to this report. Spurred on by cost-conscious consumers and the popularity of its $5 footlong promotion, Subway is currently experiencing the most successful period in its history. In the first quarter of this year, the company opened 484 new locations across 42 countries, bringing the total number of Subway restaurants around the world to more than 30,800. The franchise estimates that it has provided new jobs for some 5,000 people since the start of the year, with total chain-wide employment now standing at about 300,000. Frankly, it couldn’t happen to a more deserving franchise. We can’t even look at a Big Mac these days without feeling ill. By contrast, we could eat a Subway sandwich every day. In fact, we do eat a Subway sandwich every day. If it’s good enough for Michael Phelps (see photo) it’s good enough for us.
This franchise is cleaning up. Some businesses like to jump to gun and attempt to franchise without first proving the model. Fisher Recycling Inc. is not one of those companies. After 17 successful years in business, the company now plans to open franchise operations in 32 states. The Charleston-based Fisher Recycling performs a job that restaurant owners and office managers don’t have time for — collecting and disposing the recycling. That’s right, this company goes door to door, picking up used cans, bottles, plastics and papers. Isn’t that what the garbage man is for? Yes, but he doesn’t come every day, and Fisher Recycling does. New franchisees will get a trailer and 200 recycling containers to begin. They can also attend Fisher’s “eco-school,” where they will learn about the recycling collection business and related business opportunities.
Car companies drive out franchises. It just keeps getting uglier and uglier for the U.S. auto industry. General Motors is giving the boot to some 1,100 dealers, while Chrysler is eliminating 789 dealers. And the bloodletting doesn’t stop there. Overall, G.M. plans to cut loose 2,369 of its 5,969 dealers by the end of 2010. Dealerships are owned independently of the manufacturers and operate through franchise agreements. The New York Times reports that G.M. and Chrysler need drastically fewer dealerships so that the remaining ones can make enough money. Sound familiar, Starbucks?
Mmm, donuts. Police are warning residents of Fall River, Massachusetts to be on the lookout for a woman posing as a Dunkin’ Donuts employee. It seems this enterprising thief walked into several Dunkin’ Donuts stores dressed in an official company uniform. She then proceeded to the employee area where she stole several purses. Happily, not a single glazed donut was harmed in the incident.