JERSEY MIKE'S vs Subway
Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.
Units · latest run
+54.3% (2021–2025)
Net unit change
-6.8% (2023–2025)
Strong
Exit quality
Fair
Strong
Transfer / churn
Fair
0.4× expected (18 of 367)
SBA losses vs same-year loans
0.4× expected (335 of 4908)
—
Distress
—
$20,000
Franchise fee
$15,000
$436K–$1.2M
Investment range
$263K–$630K
6.5%
Royalty
8%
Disclosed
Earnings (Item 19)
Not disclosed
JERSEY MIKE'S
Subway
Before you sign anythingfree · 30 min · no commission
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing the numbers, including talking you out of a bad deal.