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Restaurants & Food Service · Sandwich & Sub Shops

Subway Franchises for Sale

The largest restaurant chain in the world by unit count, now owned by Roark Capital. A low-cost sandwich franchise with an enormous resale market.

Restaurant Franchises for Sale Sandwich Franchises for Sale All Existing Franchises for Sale
18,773
Total units
$263K+
Initial investment
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Brand Performance Snapshot

Franchised and company-owned unit counts for 2023 through 2025, as reported in the franchisor's FDD.

Unit count by year
Franchised Corporate
20,133
2023
19,502
2024
18,773
2025
18,773
Franchised units
0
Company-owned units
18,773
Total units
-6.8%
3-yr unit growth

Existing Subway Franchises for Sale

Operating Subway territories listed for sale by their owners or brokers, reviewed before publishing.

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No Subway resales listed right now

Existing territories come up for sale as owners retire or relocate. Tell us where you're looking and we'll email you when a Subway resale is verified and published.

Subway Franchise Model Overview

Subway restaurants serve made-to-order subs from small in-line spaces, non-traditional sites, and free-standing units, with a simple kitchen and a small crew. The system is entirely franchised and, after years of closures, is in the middle of a reset under new ownership — remodel programs, menu changes, and a push toward multi-unit operators. Because of the sheer number of restaurants and the age of the franchisee base, Subway has more resales on the market at any given time than almost any other brand. Remodel obligations and lease terms are the first things to check on any listing.

Ideal owner profile

Owner-operator or multi-unit operator comfortable with a low-ticket, high-transaction model
Willing to diligence remodel requirements and location quality carefully

Investment Snapshot

Initial franchise fee $15,000
Total initial investment $263,000 – $630,000
Royalty 8% of total gross sales
Ad / brand fund 4.5% of total gross sales (Advertising)
FDD year 2026 (unit data through 2025)
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Important disclosure

Brand information on this page — including unit counts, fees, and investment ranges — was compiled by Verified Franchise Resales from the brand's most recent Franchise Disclosure Document and has not been independently verified. Verified Franchise Resales is an independent marketplace and is not affiliated with, endorsed by, or sponsored by Subway. Prospective buyers should obtain and review the current FDD, consult qualified legal and financial advisors, and confirm all terms before responding. This page is for informational purposes only and is not an offer to sell or a solicitation to buy a franchise; offers are made only through the FDD in applicable jurisdictions. Read VFR’s Terms of Use before responding to any franchise.