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    Franchise opportunities compared

    Quiz Holdings 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.

    Quiz Holdings2026 FDDSubway2026 FDD

    Initial investment · Item 7

    Quiz Holdings

    Not available

    Subway

    $227,000 – $458,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Quiz Holdings

    Not available

    Subway

    $15,000

    2026 FDD · Item 5 · PDF p. 29

    Royalty · Item 6

    Quiz Holdings

    5%

    2026 FDD · Item 6 · PDF p. 14

    Subway

    8%

    2026 FDD · Item 6 · PDF p. 36

    Before you compare

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

    Financial commitment

    Estimated initial investment (Item 7)

    Quiz Holdings

    Not available
    No reviewed Item 7 total

    Subway

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

    Quiz Holdings

    Not available
    No single standard fee identified

    Subway

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

    Quiz Holdings

    5%
    Royalty
    2026 FDD · Item 6 · PDF p. 14

    Subway

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

    Quiz Holdings

    4%
    Marketing fee — current — 4%
    2026 FDD · Item 6 · PDF p. 15

    Subway

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

    System scale & health

    Total outlets (Item 20)

    Quiz Holdings

    152
    Outlets at end of 2024
    2026 FDD · Item 20 · PDF p. 53

    Subway

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

    Quiz Holdings

    −15
    Calculated: 167 at end of 2022 → 152 at end of 2024

    Subway

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

    Quiz Holdings

    Not available
    No complete exit records for a year

    Subway

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

    Quiz Holdings

    Not available
    Not in reviewed records

    Subway

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

    Quiz Holdings

    Not available
    Not in reviewed records

    Subway

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Quiz Holdings
    Locations counted not stated in the reviewed record — Non-traditional franchised QUIZNOS restaurants
    $177,354
    other annual sales
    2026 FDD · Item 19 · PDF p. 47
    Locations counted not stated in the reviewed record — Non-traditional company-owned QUIZNOS restaurants
    $4,461,613
    other High annual sales
    2026 FDD · Item 19 · PDF p. 47
    Locations counted not stated in the reviewed record — Traditional franchised QUIZNOS restaurants
    $85,932
    other Low annual sales
    2026 FDD · Item 19 · PDF p. 47
    +1 more groups in the full report
    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.

    Quiz Holdings vs Subway: common questions

    How do Quiz Holdings and Subway royalties compare?
    Quiz Holdings: 5% (2026 FDD · Item 6 · PDF p. 14); 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, Quiz Holdings or Subway?
    Quiz Holdings: 152 (2026 FDD · Item 20 · PDF p. 53); 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 Quiz Holdings and Subway disclose financial performance (Item 19)?
    Quiz Holdings has reviewed Item 19 figures for 4 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

    Keep researching

    Full Quiz Holdings 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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    Plain-language meaning of each Item