Auntie Anne's vs Subway: Which Is the Better Investment?

Side-by-side comparison of investment costs, fees, unit economics, and franchisee satisfaction. Data from FDD disclosures and franchise database — updated 2026.

Food & Restaurant Real Data Not Investment Advice
AA

Auntie Anne's

Food & Restaurant
$125K – $500K
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VS
S

Subway

Food & Restaurant
$229K – $524K
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At a Glance: Key Differences

Data-driven observations based on disclosed figures. Not investment advice — verify current numbers in each franchise's FDD.

Investment Cost
Auntie Anne's wins on investment range ($24K less) vs Subway.
Fee Burden
Auntie Anne's wins on royalty rate (1.0% lower) vs Subway.
Unit Count
Subway wins on total units (34,890 more) vs Auntie Anne's.
Satisfaction
Auntie Anne's wins on franchisee satisfaction vs Subway.

Investment & Fees

Metric Auntie Anne's Subway
Min Investment $125K $229K
Max Investment $500K $524K
Franchise Fee $30K $15K
Royalty Rate 7.0% 8.0%
Ad Fund Rate N/A 4.5%

Unit Economics

Metric Auntie Anne's Subway
Avg Unit Revenue $400K $420K
Avg Profit Margin N/A N/A

Scale & Growth

Metric Auntie Anne's Subway
Total Units 1,800 36,690
Annual Growth 30.0% -3.5%
Failure Rate N/A 8.0%

Franchisee Performance

Metric Auntie Anne's Subway
Franchisee Satisfaction 65/100 55/100

Track Record

Metric Auntie Anne's Subway
Years in Business N/A 59
Years Franchising N/A 48

Financial Requirements

Metric Auntie Anne's Subway
Min Net Worth Required N/A $100K
Liquid Capital Required N/A $50K

Operations

Metric Auntie Anne's Subway
Avg Employees N/A 12
Training Weeks N/A 2

Frequently Asked Questions

Is Auntie Anne's or Subway a better franchise investment?

The answer depends on your goals, budget, and market. Auntie Anne's has 1,800 total units and a 65/100 franchisee satisfaction score. Subway has 36,690 total units and a 55/100 franchisee satisfaction score. Use our ROI Calculator to model both scenarios.

How much does it cost to open a Auntie Anne's franchise?

Based on data in our database, opening a Auntie Anne's franchise requires an initial investment of $125K – $500K. The franchise fee is $30K, with ongoing royalties of 7.0%. Always request the current FDD for exact figures.

How much does it cost to open a Subway franchise?

Based on data in our database, opening a Subway franchise requires an initial investment of $229K – $524K. The franchise fee is $15K, with ongoing royalties of 8.0%. Always request the current FDD for exact figures.

What is the royalty rate for Auntie Anne's vs Subway?

Auntie Anne's's royalty rate is 7.0%. Subway's royalty rate is 8.0%. That means Auntie Anne's has the lower ongoing royalty burden.

Which has more locations — Auntie Anne's or Subway?

Auntie Anne's has 1,800 total units. Subway has 36,690 total units. A larger system can mean more brand recognition, but also more territorial competition.

Is Auntie Anne's or Subway semi-absentee friendly?

Auntie Anne's is typically run as a owner-operator model. Subway is typically run as a owner-operator model. If passive income is your goal, semi-absentee models let you hire a manager to run day-to-day operations.

Data sourced from franchise disclosure documents and public records. Investment ranges, royalty rates, and unit counts change — always request current FDD before making investment decisions. Last updated March 2026.

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