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    Franchise opportunities compared

    Noodles And vs Subway

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Noodles And2026 FDDSubway2026 FDD

    Initial investment · Item 7

    Noodles And

    $35,000 – $1,061,500

    2026 FDD · Item 7

    Subway

    $227,000 – $458,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Noodles And

    $35,000

    2026 FDD · Item 5 · PDF p. 18

    Subway

    $15,000

    2026 FDD · Item 5 · PDF p. 29

    Royalty · Item 6

    Noodles And

    1%

    2026 FDD · Item 6 · PDF p. 20

    Subway

    8%

    2026 FDD · Item 6 · PDF p. 36

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Noodles And and Subway disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Noodles And has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Noodles And

    $35,000 – $1,061,500
    2026 FDD · Item 7

    Subway

    $227,000 – $458,000
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Noodles And

    $35,000
    2026 FDD · Item 5 · PDF p. 18

    Subway

    $15,000
    2026 FDD · Item 5 · PDF p. 29
    Royalty (Item 6)

    Noodles And

    1%
    quired information or if we find an understatement of Net Royalty Sales greater than — 1%
    2026 FDD · Item 6 · PDF p. 20

    Subway

    8%
    Royalty fee
    2026 FDD · Item 6 · PDF p. 36
    Brand / advertising fund (Item 6)

    Noodles And

    1% of “fmf”) currently — 1%
    is made by automatic electronic withdrawal. Field Marketing Funds
    2026 FDD · Item 6 · PDF p. 19

    Subway

    4.5%
    Advertising fee — 4.5%
    2026 FDD · Item 6 · PDF p. 36

    System scale & health

    Total outlets (Item 20)

    Noodles And

    423
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 90

    Subway

    18,773
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 94
    Net outlet change (Item 20)

    Noodles And

    −47
    Calculated: 470 at end of 2023 → 423 at end of 2025

    Subway

    −1,360
    Calculated: 20,133 at end of 2023 → 18,773 at end of 2025
    Outlet exits (Item 20)

    Noodles And

    Not available
    No complete exit records for a year

    Subway

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Noodles And

    Not available
    Not in reviewed records

    Subway

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Noodles And

    Not available
    Not in reviewed records

    Subway

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Noodles And
    Locations counted not stated in the reviewed record — Franchise
    $1,318,978
    other Franchise Average netsales
    2026 FDD · Item 19 · PDF p. 85
    Locations counted not stated in the reviewed record — CompanyrestaurantP&L
    $129,543
    other Occupancy Cost
    2026 FDD · Item 19 · PDF p. 87
    Locations counted not stated in the reviewed record — Company
    154 restaurants
    other Company Aboveaveragecount
    2026 FDD · Item 19 · PDF p. 86
    Subway

    Not disclosed — no Item 19 financial performance representation

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Noodles And vs Subway: common questions

    Which costs less to open, Noodles And or Subway?
    Noodles And: $35,000 – $1,061,500 (2026 FDD · Item 7); Subway: $227,000 – $458,000 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Noodles And. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Noodles And and Subway royalties compare?
    Noodles And: 1% (2026 FDD · Item 6 · PDF p. 20); Subway: 8% (2026 FDD · Item 6 · PDF p. 36). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Noodles And or Subway?
    Noodles And: 423 (2026 FDD · Item 20 · PDF p. 90); Subway: 18,773 (2026 FDD · Item 20 · PDF p. 94). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Noodles And and Subway disclose financial performance (Item 19)?
    Noodles And has reviewed Item 19 figures for 3 location groups; Subway makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    Full Noodles And report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Subway report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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