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    Franchise opportunities compared

    Shahs Halal 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.

    Shahs Halal2026 FDDSubway2026 FDD

    Initial investment · Item 7

    Shahs Halal

    $192,000 – $450,000

    2026 FDD · Item 7 · PDF p. 23

    Subway

    $227,000 – $458,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Shahs Halal

    Not available

    Subway

    $15,000

    2026 FDD · Item 5 · PDF p. 29

    Royalty · Item 6

    Shahs Halal

    5%

    2026 FDD · Item 6 · PDF p. 17

    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 Shahs Halal has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Shahs Halal

    $192,000 – $450,000
    Full-size franchise estimated initial investment
    2026 FDD · Item 7 · PDF p. 23

    Subway

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

    Shahs Halal

    Not available
    No single standard fee identified

    Subway

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

    Shahs Halal

    5%
    Royalty rate
    2026 FDD · Item 6 · PDF p. 17

    Subway

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

    Shahs Halal

    1%
    Proprietary marketing fund — 1%
    2026 FDD · Item 6 · PDF p. 17

    Subway

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

    System scale & health

    Total outlets (Item 20)

    Shahs Halal

    Not available
    No reviewed outlet counts

    Subway

    18,773
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 95
    Net outlet change (Item 20)

    Shahs Halal

    Not available
    Only one year reported

    Subway

    −1,803
    Calculated: 20,576 at end of 2022 → 18,773 at end of 2025
    Outlet exits (Item 20)

    Shahs Halal

    Not available
    No complete exit records for a year

    Subway

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

    Shahs Halal

    Not available
    Not in reviewed records

    Subway

    1974
    From a verified franchisor listing
    Franchisor founded (Item 1)

    Shahs Halal

    Not available
    Not in reviewed records

    Subway

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Shahs Halal
    Locations counted not stated in the reviewed record — 73 Shah’s Halal-branded U.S. restaurants, not owned in whole or in part or mana…
    $942,333
    other Table 1 franchised U.S. restaurants not owned or managed
    2026 FDD · Item 19 · PDF p. 55
    Locations counted not stated in the reviewed record — Bottom 10 Shah’s Halal-branded restaurants operating in 2025
    $440,120
    other Table 3 bottom 10 restaurants average gross sales
    2026 FDD · Item 19 · PDF p. 55
    Locations counted not stated in the reviewed record — 15 Shah’s Halal-branded U.S. restaurants owned in whole or part or managed by S…
    33.33 percent
    other Table 4 owned/managed restaurants
    2026 FDD · Item 19 · PDF p. 55
    +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.

    Shahs Halal vs Subway: common questions

    Which costs less to open, Shahs Halal or Subway?
    Shahs Halal: $192,000 – $450,000 (2026 FDD · Item 7 · PDF p. 23); 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 Shahs Halal. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Shahs Halal and Subway royalties compare?
    Shahs Halal: 5% (2026 FDD · Item 6 · PDF p. 17); Subway: 8% (2026 FDD · Item 6 · PDF p. 36). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Do Shahs Halal and Subway disclose financial performance (Item 19)?
    Shahs Halal 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 Shahs Halal 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