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Sandwiches: Submarine

Subway

Shelton, CT · Founded 1965 · SBWY

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 the 2026 FDD ↗www.subway.com ↗
2026 Franchise 500
#188
18,773
units (2025)
-3.7%
year over year

Units by Year

21,147
2021
20,576
2022
20,133
2023
19,502
2024
18,773
2025

Total outlets at year end, from FDD Item 20.

The Investment

Initial investment
$227,000 – $630,000
FDD Item 7
Franchise fee
$15,000
FDD Item 5
Ad fund
4.5%
FDD Item 6
Financial performance
No
FDD Item 19 disclosure
Royalty

8% of total gross sales

Leadership

  • Jonathan Fitzpatrick

    President and Chief Executive Officer

  • Dennis Leone

    Director, Executive Vice President, Chief Legal Officer, and Secretary

  • Benjamin Selden

    Executive Vice President, Chief Financial Officer, and Treasurer

  • Damien Harmon

    President of North America

  • Tracy Gehlan

    President of EMEA

  • Joseph Hsu

    President of APAC

  • Artemio Garza

    President of LAC

  • Miguel Piedra

    Chief People and Corporate Affairs Officer

  • Asher Perlmutter

    Chief Information Officer

  • Megan Bridgman

    Chief Accounting Officer

On File

FDD years
202620252022
Select a year to open the FDD
Franchisee records
18,755
Current roster rows
Signed, not open
93
FDD Item 20, Table 5
Franchising for
60 yrs

Franchise Disclosure Documents

PDFSubway FDD 2026Most recent · opens in a new tabPDFSubway FDD 2025Opens in a new tabPDFSubway FDD 2022Opens in a new tab

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Read from this brand's Franchise Disclosure Documents. FDD library maintained by AskTy; figures are as filed by the franchisor.