You do understand that, if you own more than one Subway, you have to count all the employees together, don't you? Lots of franchisees own more than one store, and anyone that sells food and employs more than 50 people has to comply with the menu regulations of Obamacare, not just the insurance regulations. Lots of progressive business owners have said that it would be impossible to comply with the new labeling requirements and still offer the menu choices they currently do.
NYCarbineer knows this, don't let him fool you into thinking he is telling the truth.
Ok, I agree with you, but then you're saying that the context of the OP is not from someone simply wanting to open one store, which is what seemed to be the case in 1965, but from the POV of someone wanting to ADD AN ADDITIONAL store.
If a subway store opens and it is the frachisee's first or fiftyith store: the fact is they effect employment exactly the same way.
Frankly, I'm somewhat more encouraged to see that Mr. Fatcat Franchisee would have more difficulty adding to his empire than Mr. Retired Franchisee, that simply wants to manage a single store and use the proceeds to supplement his meger retirement income.
Perhaps Deluca's real ***** is that it is harder for him to market his franchise to first-time investors (or worse, those willing to open independant shops) than to those who already own multiple stores.