FranDeals

Subway

$SBWYF500 #188
CategoryFood: Quick-Service Restaurants
SubcategorySandwiches: Submarine
Locations18,773
Franchisee Count18,757
Franchise Fee$15,000
Item 7 Low$227,000
Item 7 Midpoint$428,500
Item 7 High$630,000
Royalty Fees8% of total gross sales
Ad / Brand Fund4.5%
Sold Not Open93
ParentUnderground Purchaser, LLC
PE / InvestorRoark Capital Management, LLC
Founded1965
Completeness34/34 (100%)
Years in Business60
Began Franchising1965
HQShelton, CT
Executives7
LinksWeb
Main Phone1-800-888-4848
Emailfranchise@subway.com
FDD IssuedApril 30, 2026
Last UpdatedJul 28, 2026
FDDs2026 · 2025 · 2022 🔒
Franchisor

Doctor's Associates LLC, doing business as Subway, offers franchises for the establishment and operation of Subway® restaurants serving submarine sandwiches and related food products.

Doctor’s Associates LLC is a Delaware limited liability company, wholly owned by Subway Funding LLC, which is part of Subway US Holdings, LLC. Key executives include CEO Jonathan Fitzpatrick and CFO Benjamin Selden, with a significant management team based in Shelton, Connecticut.

Doctor's Associates LLC, doing business as Subway, offers franchises for the establishment and operation of Subway® restaurants serving submarine sandwiches and related food products.

Read Subway’s complete April 30, 2026 Franchise Disclosure Document — plus 2 prior years on file. Founder level — $19/mo — also unlocks Item 19 revenue, financial strength and unit trajectory across all 3,860 brands on FranDeals.

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