Franopolis
    PSvs

    Franchise opportunities compared

    Pizza Schmizza 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.

    PSPizza Schmizza2026 FDDSubway2026 FDD

    Initial investment · Item 7

    Pizza Schmizza

    $203,500 – $591,500

    2026 FDD · Item 7

    Subway

    $227,000 – $458,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Pizza Schmizza

    $10,000

    2026 FDD · Item 5 · PDF p. 10

    Subway

    $15,000

    2026 FDD · Item 5 · PDF p. 29

    Royalty · Item 6

    Pizza Schmizza

    Not available

    Subway

    8%

    2026 FDD · Item 6 · PDF p. 36

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Pizza Schmizza and Subway disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only neither brand has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Pizza Schmizza

    $203,500 – $591,500
    2026 FDD · Item 7

    Subway

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

    Pizza Schmizza

    $10,000
    2026 FDD · Item 5 · PDF p. 10

    Subway

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

    Pizza Schmizza

    Not available
    No reviewed royalty record

    Subway

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

    Pizza Schmizza

    3%
    account withdrawal or other automatic processes we specify in the Operations Manual. Branding Fee 2 — 3% — 3%
    2026 FDD · Item 6 · PDF p. 13

    Subway

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

    System scale & health

    Total outlets (Item 20)

    Pizza Schmizza

    16
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 65

    Subway

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

    Pizza Schmizza

    −1
    Calculated: 17 at end of 2023 → 16 at end of 2025

    Subway

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

    Pizza Schmizza

    Not available
    No complete exit records for a year

    Subway

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

    Pizza Schmizza

    Not available
    Not in reviewed records

    Subway

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

    Pizza Schmizza

    Not available
    Not in reviewed records

    Subway

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    PSPizza Schmizza

    Not disclosed — no Item 19 financial performance representation

    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.

    Pizza Schmizza vs Subway: common questions

    Which costs less to open, Pizza Schmizza or Subway?
    Pizza Schmizza: $203,500 – $591,500 (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 Pizza Schmizza. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, Pizza Schmizza or Subway?
    Pizza Schmizza: 16 (2026 FDD · Item 20 · PDF p. 65); 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 Pizza Schmizza and Subway disclose financial performance (Item 19)?
    Pizza Schmizza makes no Item 19 financial performance representation; 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

    Keep researching

    PS

    Full Pizza Schmizza 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

    Compare Pizza Schmizza with

    Compare Subway with

    Add a third brand

    Compare up to four side by side

    Explore by brand

    Filter every published report

    FDD glossary

    Plain-language meaning of each Item