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2 brands side-by-side

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Brand	A McDonald’s Quick-Service Restaurants Remove	D Subway Quick-Service Restaurants Remove
Vitals
Investment range	$523K – $2.6M	$239K – $537K
Liquid capital	$80K – $426K	$12K – $42K
Franchise fee	$45K	$15K
Royalty rate	4.0%	8.0%
Ad fund rate	4.0%	4.5%
Performance
Avg gross sales	$4.0M	N/A
Median gross sales	$3.8M	N/A
Avg owner earnings Metric varies by brand. Check type below	$835K	N/A
Earnings metric	Operating Income	Not classified
Risk
Rating	A	D
Risk score	24 / 100	72 / 100
SBA default rate	0.0%	6.8%
SBA loans on record	12	5,097
Scale
Total units	13,457	19,502
Net change (latest yr)	N/A	N/A
Turnover rate	0.8%	5.5%
Contract
Initial term (years)	20	20
Renewal term (years)	N/A	20
Initial training (hrs)	548	96
Contacts
Franchisee phones	12,304	0