I googled subway franchise, found http://www.franchisedirect.com/directory/subway/ufoc/915/ http://www.franchisedirect.com/directory/subway/ufoc/915/ Low end e

I googled subway franchise, found http://www.franchisedirect.com/directory/subway/ufoc/915/ http://www.franchisedirect.com/directory/subway/ufoc/915/ Low end estimate is $150k required up front, and high end of $320k. However, in that low end - $85k estimate for leasehold improvements. $15k for initial subway franchise fee. Local sandwich shop opened up a few years back and... while I don't know all the numbers, he didn't put in $200k up front. I suspect it may have been more like $40-$50k, between initial lease, equipment, stock, etc. Small town, passing traffic, little competition, he's done well enough that he's expanding - doubling his size and moving a bit up the street. He's also a very pragmatic guy, and the sandwich biz has been in his family for a couple generations, so I have to think they're at least moderately profitable.