Franchise Capital Requirements



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BRAZIL Effective: August 2014 Reais ($) Traditional Restaurants INITIAL FRANCHISE FEE REAL PROPERTY ** LEASEHOLD IMPROVEMENTS EQUIPMENT *** SECURITY SYSTEM (Not including monitoring costs) FREIGHT CHARGES (Varies by location) OUTSIDE SIGNS OPENING INVENTORY INSURANCE SUPPLIES TRAINING EXPENSES (Including travel and lodging) LEGAL & ACCOUNTING OPENING ADVERTISMENT ADDITIONAL FUNDS - 3 MONTHS $ 25,000 $ 25,000 $ 25,000 $ 8,100 $ 24,400 $ 48,800 Upon signing Intent to Sublease $ 67,200 $ 119,000 $ 180,500 $ 85,100 $ 141,100 $ 184,700 $ 5,000 $ 9,200 $ 15,300 $ 8,100 $ 10,200 $ 12,200 or on delivery $ 8,100 $ 12,000 $ 16,700 $ 9,200 $ 12,300 $ 15,200 $ 3,500 $ 4,500 $ 6,100 $ 2,200 $ 4,500 $ 6,700 $ 7,100 $ 9,200 $ 11,200 $ 2,000 $ 4,100 $ 7,100 $ 4,100 $ 8,100 $ 12,200 $ 5,700 $ 12,200 $ 20,400 $ 18,300 $ 36,600 $ 50,900 ESTIMATED TOTAL INVESTMENT *** $ 258,700 $ 432,400 $ 613,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a nontraditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire of changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations. SUBWAY is a registered trademark of Doctor s Associates Inc. 2014Doctor s Associates Inc.

SIBV Regions of Asia/Latin America and Middle East (Excluding Mexico & India) Effective: 05/2014 USD Traditional Restaurants INITIAL FRANCHISE FEE $10,000 $10,000 $10,000 Upon signing franchise agreement REAL PROPERTY ** $ 4,000 $ 12,000 $ 24,000 Upon signing intent to sublease LEASEHOLD IMPROVEMENTS $ 33,000 $ 58,500 $ 88,750 EQUIPMENT PURCHASE $ 41,100 $ 69,360 $ 90,780 SECURITY SYSTEM (Not including monitoring costs) $ 2,500 $ 4,500 $ 7,500 FREIGHT CHARGES (Varies by location) $ 4,000 $ 5,000 $ 6,000 or on delivery OUTSIDE SIGNS $ 4,000 $ 5,800 $ 8,200 OPENING INVENTORY $ 4,500 $ 6,050 $ 7,480 INSURANCE $ 1,000 $ 2,000 $ 3,000 SUPPLIES $ 1,100 $ 2,200 $ 3,300 TRAINING EXPENSES (Including travel and lodging) $ 3,500 $ 4,500 $ 5,500 LEGAL & ACCOUNTING $ 1,000 $ 2,000 $ 3,500 OPENING ADVERTISMENT $ 2,000 $ 4,000 $ 6,000 (Business License utility deposit, small equip. & surplus capital) $ 2,800 $ 6,000 $ 10,000 ADDITIONAL FUNDS - 3 MONTHS $ 9,000 $ 18,000 $ 25,000 ESTIMATED TOTAL INVESTMENT $123,500 $209,9100 $299,010 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a non-traditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire or changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations.

SIBV Regions of Asia/Latin America and Middle East (Excluding Mexico & India) Effective: 05/2014 USD Non-Traditional Restaurants INITIAL FRANCHISE FEE $10,000 $10,000 $10,000 REAL PROPERTY ** $ 4,000* $ 12,000* $ 15,000* LEASEHOLD IMPROVEMENTS $ 24,500* $ 50,500* $ 75,750* EQUIPMENT PURCHASE $ 30,820* $ 56,100* $ 69,360* SECURITY SYSTEM (Not including monitoring costs) $ 1,250* $ 3,000* $ 5,000* FREIGHT CHARGES (Varies by location) $ 3,000* $ 4,000* $ 5,000* OUTSIDE SIGNS $ 3,000* $ 3,500* $ 6,200* OPENING INVENTORY $ 3,800* $ 5,280* $ 6,820* INSURANCE $ 1,000* $ 2,000* $ 3,000* SUPPLIES $ 1,100* $ 2,200* $ 3,300* TRAINING EXPENSES (Including travel and lodging) $ 3,500* $ 4,500* $ 5,500* LEGAL & ACCOUNTING $ 1,000* $ 1,500* $ 2,000* OPENING ADVERTISMENT $ 1,500* $ 3,000* $ 5,000* (Business License utility deposit, small equip. & surplus capital) $ 2,800* $ 6,000* $ 10,000* ADDITIONAL FUNDS - 3 MONTHS $ 6,000* $ 9,000* $ 20,000* Upon signing franchise agreement Upon signing intent to sublease or on delivery ESTIMATED TOTAL INVESTMENT $97,270* $172,580* $241,930* Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a non-traditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire or changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations.

BRAZIL Effective: August 2014 Reais ($) Non-Traditional Restaurants INITIAL FRANCHISE FEE $ 25,000 $ 25,000 $ 25,000 REAL PROPERTY ** $ 8,100 $ 24,400 $ 30,500 Upon signing Intent to Sublease LEASEHOLD IMPROVEMENTS $ 49,800 $ 102,700 $ 154,100 EQUIPMENT *** $ 63,900 $ 114,100 $ 141,100 SECURITY SYSTEM (Not including monitoring costs) $ 2,600 $ 6,100 $ 10,100 FREIGHT CHARGES (Varies by location) $ 6,100 $ 8,100 $ 10,200 or on delivery OUTSIDE SIGNS $ 6,100 $ 7,100 $ 12,600 OPENING INVENTORY $ 7,700 $ 10,700 $ 13,900 INSURANCE $ 3,300 $ 4,500 $ 6,100 SUPPLIES $ 2,200 $ 4,500 $ 6,700 TRAINING EXPENSES (Including travel and lodging) $ 7,100 $ 9,200 $ 11,200 LEGAL & ACCOUNTING $ 2,000 $ 3,000 $ 4,100 OPENING ADVERTISMENT $ 3,100 $ 6,100 $ 10,200 $ 5,700 $ 12,200 $ 20,400 ADDITIONAL FUNDS - 3 MONTHS $ 12,200 $ 18,300 $ 40,700 ESTIMATED TOTAL INVESTMENT *** *$ 204,900 *$ 356,000 *$ 496,900 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a nontraditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire of changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations. SUBWAY is a registered trademark of Doctor s Associates Inc. 2014Doctor s Associates Inc.

COLOMBIA Effective: 9/2014 Colombian Pesos ($) Traditional & Non-Traditional Restaurants INITIAL FRANCHISE FEE $ 18,000,000 $ 18,000,000 $ 18,000,000 REAL PROPERTY ** LEASEHOLD IMPROVEMENTS EQUIPMENT *** $ 5,000,000 $ 10,000,000 $ 20,000,000 Upon signing Intent to Sublease $ 53,000,000 $ 85,000,000 $ 104,000,000 $ 131,000,000 $ 192,000,000 $ 220,000,000 SECURITY SYSTEM (Not including monitoring costs) $ 2,700,000 $ 5,100,000 $ 11,600,000 FREIGHT CHARGES (Varies by location) OUTSIDE SIGNS OPENING INVENTORY $ 11,200,000 $ 14,000,000 $ 20,800,000 or on delivery $ 4,400,000 $ 8,640,000 $ 12,560,000 $ 8,100,000 $ 10,890,000 $ 13,464,000 INSURANCE $ 1,800,000 $ 2,500,000 $ 3,200,000 SUPPLIES TRAINING EXPENSES (Including travel and lodging) $ 1,000,000 $ 2,500,000 $ 3,000,000 $ 6,300,000 $ 8,100,000 $ 9,900,000 LEGAL & ACCOUNTING OPENING ADVERTISMENT $ 1,800,000 $ 3,600,000 $ 6,300,000 $ 3,600,000 $ 7,200,000 $10,800,000 ADDITIONAL FUNDS - 3 MONTHS $ 5,040,000 $ 10,800,000 $ 18,000,000 $ 16,200,000 $ 32,400,000 $ 45,000,000 ESTIMATED TOTAL INVESTMENT *** $269,140,000 $410,730,000 $516,624,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a nontraditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire of changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations. SUBWAY is a registered trademark of Doctor s Associates Inc. 2014 Doctor s Associates Inc.

COLOMBIA Effective: 9/2014 Colombian Pesos ($) Non-Traditional Restaurants INITIAL FRANCHISE FEE $ 18,000,000 $ 18,000,000 $ 18,000,000 REAL PROPERTY ** $ 5,000,000 $ 10,000,000 $ 20,000,000 Upon signing Intent to Sublease LEASEHOLD IMPROVEMENTS $ 53,000,000 $ 85,000,000 $ 104,000,000 EQUIPMENT *** $ 131,000,000 $ 192,000,000 $ 220,000,000 SECURITY SYSTEM (Not including monitoring costs) $ 2,250,000 $ 3,700,000 $ 9,000,000 FREIGHT CHARGES (Varies by location) $ 10,400,000 $ 12,200,000 $ 19,000,000 or on delivery OUTSIDE SIGNS $ 4,400,000 $ 8,640,000 $ 9,060,000 OPENING INVENTORY $ 6,840,000 $ 9,504,000 $ 12,276,000 INSURANCE $ 1,800,000 $ 2,500,000 $ 3,200,000 SUPPLIES $ 1,000,000 $ 2,500,000 $ 3,000,000 TRAINING EXPENSES (Including travel and lodging) $ 6,300,000 $ 8,100,000 $ 9,900,000 LEGAL & ACCOUNTING $ 1,800,000 $ 2,700,000 $ 3,600,000 OPENING ADVERTISMENT $ 2,700,000 $ 5,400,000 $ 9,000,000 $ 5,040,000 $ 10,800,000 $ 18,000,000 ADDITIONAL FUNDS - 3 MONTHS $ 10,800,000 $ 16,200,000 $ 36,000,000 ESTIMATED TOTAL INVESTMENT *** *$260,330,000 *$387,244,000 *$494,036,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a nontraditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire of changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations. SUBWAY is a registered trademark of Doctor s Associates Inc. 2014 Doctor s Associates Inc.

INDIA Effective July 2014 RUPEES Traditional Restaurants INITIAL FRANCHISE FEE (1)(10) RS 600,000 RS 600,000 RS 600,000 TO WHOM MADE Us REAL PROPERTY ** (2) RS 200,000 RS 450,000 RS 600,000 When you sign Intent to Lease and License Agreement Landlord See note 2 LEASEHOLD IMPROVEMENTS RS 500,000 RS 700,000 RS 1,200,000 EQUIPMENT *** (4) RS 3,500,000 RS 4,000,000 RS 4,200,000 DAI or vendor SECURITY SYSTEM (Not including monitoring costs) FREIGHT CHARGES (Varies by location & method) RS 40,000 RS 60,000 RS 60,000 RS 45,000 RS 50,000 RS 55,000 or on delivery Carrier or FWH OUTSIDE SIGNS (10) RS 60,000 RS 80,000 RS 80,000 OPENING INVENTORY RS 200,000 RS 300,000 RS 400,000 INSURANCE (5) RS 32,000 RS 45,000 RS 50,000 SUPPLIES RS 40,000 RS 80,000 RS 130,000 or FWH TRAINING EXPENSES (6) (Including travel and lodging) RS 100,000 RS 100,000 RS 100,000 Hotel, etc. LEGAL & ACCOUNTING RS 50,000 RS 70,000 RS 100,000 OPENING ADVERTISMENT (9) (10) RS 80,000 RS 100,000 RS 250,000 (7) RS 100,000 RS 250,000 RS 400,000 ADDITIONAL FUNDS - 3 MONTHS (8) RS 380,000 RS 750,000 RS 1,000,000 Note 8 ESTIMATED TOTAL INVESTMENT *** (11) RS 5,927,000 RS 7,635,000 RS 9,225,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a non-traditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire or changes in leasehold improvements you

must make. The above figures do not include extensive exterior renovations.

INDIA Effective July 2014 RUPEES Non-Traditional Restaurants TO WHOM MADE INITIAL FRANCHISE FEE (1)(10) RS 600,000 RS 600,000 RS 600,000 REAL PROPERTY ** (2) RS 200,000 RS 450,000 RS 600,000 LEASEHOLD IMPROVEMENTS RS 400,000 RS 500,000 RS 600,000 EQUIPMENT *** (4) RS 3,500,000 RS 4,000,000 RS 4,200,000 SECURITY SYSTEM (Not including monitoring costs) RS 40,000 RS 60,000 RS 60,000 FREIGHT CHARGES (Varies by location & method) RS 45,000 RS 50,000 RS 55,000 OUTSIDE SIGNS (10) RS 60,000 RS 60,000 RS 60,000 OPENING INVENTORY RS 120,000 RS 200,000 RS 300,000 INSURANCE (5) RS 32,000 RS 45,000 RS 50,000 SUPPLIES RS 40,000 RS 80,000 RS 130,000 When you sign Intent to Lease and License Agreement or on delivery Us Landlord See note 2 DAI or vendor Carrier or FWH or FWH TRAINING EXPENSES (6) (Including travel and lodging) RS 100,000 RS 100,000 RS 100,000 Hotel, etc. LEGAL & ACCOUNTING RS 50,000 RS 70,000 RS 100,000 OPENING ADVERTISMENT (9) (10) RS 60,000 RS 80,000 RS 200,000 (7) RS 80,000 RS 250,000 RS 400,000 ADDITIONAL FUNDS - 3 MONTHS (8) RS 250,000 RS 750,000 RS 1,000,000 Note 8 ESTIMATED TOTAL INVESTMENT *** (11) RS 5,577,000 RS 7,295,000 RS 8,455,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a non-traditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire or changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations.

MEXICO Effective: 8/2014 Mexican Peso Traditional Restaurants INITIAL FRANCHISE FEE REAL PROPERTY ** LEASEHOLD IMPROVEMENTS EQUIPMENT *** SECURITY SYSTEM (Not including monitoring costs) FREIGHT CHARGES (Varies by location) OUTSIDE SIGNS OPENING INVENTORY INSURANCE SUPPLIES TRAINING EXPENSES (Including travel and lodging) LEGAL & ACCOUNTING OPENING ADVERTISMENT ADDITIONAL FUNDS - 3 MONTHS $ 175,000 $ 175,000 $ 175,000 $ 57,000 $ 114,000 $ 170,000 Upon signing Intent to Sublease $ 170,000 $ 276,000 $ 382,000 $ 566,000 $ 708,000 $ 848,000 $ 15,500 $ 29,000 $ 57,000 $ 71,000 $ 99,000 $ 114,000 or on delivery $ 45,000 $ 88,000 $ 133,000 $ 47,000 $ 62,000 $ 77,000 $ 7,000 $ 22,000 $ 29,000 $ 15,000 $ 31,000 $ 46,000 $ 50,000 $ 50,000 $ 50,000 $ 14,000 $ 14,000 $ 14,000 $ 40,000 $ 55,000 $ 70,000 $ 43,000 $ 57,000 $ 71,000 $ 141,000 $ 212,000 $ 282,000 ESTIMATED TOTAL INVESTMENT *** $1,456,500 $1,992,000 $2,518,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a nontraditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire of changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations. SUBWAY is a registered trademark of Doctor s Associates Inc. 2014 Doctor s Associates Inc.

MEXICO Effective: 8/2014 Mexican Peso Non-Traditional Restaurants INITIAL FRANCHISE FEE $ 175,000 $ 175,000 $ 175,000 REAL PROPERTY ** $ 0 $ 43,000 $ 85,000 Upon signing Intent to Sublease LEASEHOLD IMPROVEMENTS $ 170,000 $ 241,000 $ 354,000 EQUIPMENT *** $ 496,000 $ 637,000 $ 778,000 SECURITY SYSTEM (Not including monitoring costs) $ 14,000 $ 22,000 $ 26,000 FREIGHT CHARGES (Varies by location) $ 14,000 $ 29,000 $ 43,000 or on delivery OUTSIDE SIGNS $ 18,000 $ 24,000 $ 30,000 OPENING INVENTORY $ 40,000 $ 55,500 $ 70,000 INSURANCE $ 7,000 $ 14,000 $ 29,000 SUPPLIES $ 9,000 $ 15,000 $ 23,500 TRAINING EXPENSES (Including travel and lodging) $ 43,000 $ 43,000 $ 43,000 LEGAL & ACCOUNTING $ 8,800 $ 11,000 $ 11,500 OPENING ADVERTISMENT $ 18,000 $ 27,000 $ 32,000 $ 14,000 $ 22,000 $ 29,000 ADDITIONAL FUNDS - 3 MONTHS $ 22,000 $ 29,000 $ 43,000 ESTIMATED TOTAL INVESTMENT *** *$1,048,800 *$1,387,500 *$1,772,000 Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a nontraditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire of changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations. SUBWAY is a registered trademark of Doctor s Associates Inc. 2014 Doctor s Associates Inc.

SIBV EUROPE Effective: 05/2014 Euros Traditional Restaurants INITIAL FRANCHISE FEE 7,500 or 10,000* 7,500 or 10,000* 7,500 or 10,000* Upon signing franchise agreement REAL PROPERTY ** 2,500 8,000 16,000 Upon signing intent to sublease LEASEHOLD IMPROVEMENTS 25,000 43,300 69,000 EQUIPMENT PURCHASE 30,800 53,025 69,390 SECURITY SYSTEM (Not including monitoring costs) 1,900 3,400 5,400 FREIGHT CHARGES (Varies by location) 2,900 3,600 4,500 or on delivery OUTSIDE SIGNS 3,000 4,400 6,000 OPENING INVENTORY 3,450 4,625 5,725 INSURANCE 750 1,500 2,300 SUPPLIES 1,000 1,675 2,525 TRAINING EXPENSES (Including travel and lodging) 2,600 3,300 4,000 LEGAL & ACCOUNTING 1,500 1,500 2,500 OPENING ADVERTISMENT 1,500 2,500 4,000 (Business License utility deposit, small equip. & surplus capital) 2,000 4,000 6,500 ADDITIONAL FUNDS - 3 MONTHS 6,000 12,000 16,500 ESTIMATED TOTAL INVESTMENT *** 92,400 or 94,900 154,325 or 156,825* 221,840 or 224,340* *Iceland, Gibraltar, Ireland, Finland, Germany, Luxembourg, Sweden and the Netherlands have an Initial Franchise Fee of 10,000. Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a non-traditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire or changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations.

SIBV EUROPE Effective: 05/2014 Euros Non-Traditional Restaurants INITIAL FRANCHISE FEE REAL PROPERTY ** LEASEHOLD IMPROVEMENTS EQUIPMENT PURCHASE SECURITY SYSTEM (Not including monitoring costs) FREIGHT CHARGES (Varies by location) OUTSIDE SIGNS OPENING INVENTORY INSURANCE SUPPLIES TRAINING EXPENSES (Including travel and lodging) LEGAL & ACCOUNTING 7,500 or 10,000* 7,500 or 10,000* 7,500 or 10,000* 2,500 8,000 11,000 19,000 37,400 56,000 23,100 42,880 53,025 1,000 2,200 3,500 2,200 2,900 3,500 2,000 2,500 4,500 2,900 4,050 5,225 750 1,500 2,300 1,000 1,675 2,525 2,600 3,300 4,000 700 1,000 1,500 Upon signing franchise agreement Upon signing intent to sublease or on delivery OPENING ADVERTISMENT 1,000 2,000 3,700 (Business License utility deposit, small equip. & surplus capital) 2,000 4,000 6,500 ADDITIONAL FUNDS - 3 MONTHS 4,000 12,000 16,500 ESTIMATED TOTAL INVESTMENT *** 72,250or 74,750* 132,905 or 135,405* 181,275 or 183,775* *Iceland, Gibraltar, Ireland, Finland, Germany, Luxembourg, Sweden and the Netherlands have an Initial Franchise Fee of 10,000. Some costs will vary in relation to the physical size of the restaurant. A lower cost restaurant is one that would require fewer leasehold improvements, less seating and fewer equipment expenditures. Moderate and higher costs restaurants may require extensive interior renovations, extensive seating and additional equipment. If you are purchasing a franchise for another location opportunity, such as a non-traditional, satellite or school lunch program location, the above listed capital requirements may vary and could be substantially lower depending upon the necessary equipment you must acquire or changes in leasehold improvements you must make. The above figures do not include extensive exterior renovations.