Subway Franchise: Cost, Fees & Earnings
18,773 locations (2025), -3.7% YoY(Item 20)
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Initial Investment
$227,000 – $630,000
Source: FDD, Item 7
Franchise Fee
$7,500
Source: FDD, Item 5
Royalty
8%
Source: FDD, Item 6
About Subway
Subway franchises operate quick-service restaurants specializing in customizable submarine sandwiches, salads, and wraps. The business model centers on providing fresh, made-to-order meals with a focus on customer choice and perceived health benefits. The target market encompasses a broad demographic, including individuals seeking convenient and affordable lunch and dinner options. Subway's value proposition lies in its customizable menu, speed of service, and emphasis on fresh ingredients, appealing to health-conscious consumers and those seeking a quick and satisfying meal. The brand leverages a global network of franchisees for expansion and market penetration.
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Additional Item 19 Analysis
Deeper Item 19 Analysis (Charts 3–6)
Openings & Closings, Transfer Rates, Franchise vs Corporate Mix
Subway vs Competitors
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Subway Franchise FAQ
How much does a Subway franchise cost?
Per Item 7 of the latest Franchise Disclosure Document, the estimated initial investment ranges from $227,000 to $630,000.
What is the Subway franchise fee?
The FDD reports an initial franchise fee of $7,500 to $15,000.
What royalty does Subway charge?
The FDD reports an ongoing royalty of 8%.
Can I finance a Subway franchise with an SBA loan?
Many franchise purchases are financed with SBA 7(a) loans covering a large share of the total project cost. You can check what you'd qualify for with Franchable's free SBA prequalification.
Data sourced from the brand's Franchise Disclosure Document. Franchable is not affiliated with or endorsed by Subway. This is not an offer to sell a franchise. Individual results vary.