Dunkin' 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
D

Dunkin'

Food & Restaurant
$527K – $1.8M
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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
Subway wins on investment range ($1.3M less) vs Dunkin'.
Fee Burden
Dunkin' wins on royalty rate (2.1% lower) vs Subway.
Unit Count
Subway wins on total units (23,490 more) vs Dunkin'.
Satisfaction
Dunkin' wins on franchisee satisfaction vs Subway.

Investment & Fees

Metric Dunkin' Subway
Min Investment $527K $229K
Max Investment $1.8M $524K
Franchise Fee $40K $15K
Royalty Rate 5.9% 8.0%
Ad Fund Rate 5.0% 4.5%

Unit Economics

Metric Dunkin' Subway
Avg Unit Revenue $1.1M $420K
Avg Profit Margin N/A N/A

Scale & Growth

Metric Dunkin' Subway
Total Units 13,200 36,690
Annual Growth 2.0% -3.5%
Failure Rate 3.5% 8.0%

Franchisee Performance

Metric Dunkin' Subway
Franchisee Satisfaction 70/100 55/100

Track Record

Metric Dunkin' Subway
Years in Business 75 59
Years Franchising 65 48

Financial Requirements

Metric Dunkin' Subway
Min Net Worth Required $500K $100K
Liquid Capital Required $250K $50K

Operations

Metric Dunkin' Subway
Avg Employees 25 12
Training Weeks 6 2

Frequently Asked Questions

Is Dunkin' or Subway a better franchise investment?

The answer depends on your goals, budget, and market. Dunkin' has 13,200 total units and a 70/100 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 Dunkin' franchise?

Based on data in our database, opening a Dunkin' franchise requires an initial investment of $527K – $1.8M. The franchise fee is $40K, with ongoing royalties of 5.9%. 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 Dunkin' vs Subway?

Dunkin''s royalty rate is 5.9%. Subway's royalty rate is 8.0%. That means Dunkin' has the lower ongoing royalty burden.

Which has more locations — Dunkin' or Subway?

Dunkin' has 13,200 total units. Subway has 36,690 total units. A larger system can mean more brand recognition, but also more territorial competition.

Is Dunkin' or Subway semi-absentee friendly?

Dunkin' is typically run as a semi-absentee 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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