You are here:
- Home
- Business
- Small Business
- Franchising
- Estimating expenses
Franchising/Estimating expenses
Advertisement
Question
I an researching starting a Subway location and I am trying to put together a proforma P and L. I would like some ideas on where to get estimates for the types of monthly and annual expenese I should anticipate.
I am estimating approx a 1000 S/F store, and sales of $1000/day. I am also trying to estimate staffing needs. I was thinking I need at least 40 man hours/day.
Are there any resources available to see what typical average expense would be?
Hi Don, Here is the best way to figure expenses for any franchise opportunity you are looking at;
Call the franchisees.
Ask a few of them what their typical expenses are. Call different part of the country, then get an average.
Good luck!
Joel Libava
Related Articles
Answers by Expert:
Joel Libava
Expertise
If you are thinking about getting into franchising, and want to learn all you can, I'll be happy to answer general questions on franchising; From how to find the right one, to how to do the proper research, and how to protect yourself from scams. I only offer straightforward franchise advice. I'm not going to try to sell you anything. I've written well over 1,000 articles on franchise ownership.
Experience
Cleveland, Ohio based franchise consultant, expert, and popular (sometimes unpopular!) franchise industry blogger. I'll be happy to answer questions related to the business model of franchising! I'm also writing a new book on becoming a franchise owner. (Fall 2011, John Wiley & Sons, Publisher.)
Publications
The Franchise King.com
SBA.gov
Small Business Trends
Open Forum.com
AllBusiness.com
The Franchise Blog4 Vets.com
Small Biz Daily.com
Spin Sucks.com
Education/Credentials
Brush High School
Cleveland State University
©2012 About.com, a part of The New York Times Company. All rights reserved.