With 200K ...you have a LOT of options if we're talking solely of investing in a franchise.
I'd buy a few Subways ...they are low cost to start up and the overhead is very low.
McDonalds in the right area can be very profitable
Building a Walgreens is very profitable as well. They sign 50 year leases on every store. So for 50 years you have a guaranteed income. EVEN IF THEY CLOSE DOWN
In Illinois there was only 1 walgreens that ever closed down it was on 159th & LaGrange Rd. I think it was only open for a year. Well, when they closed down they were forced to pay 49 years worth of rent to the guy who owned the land. Fucker made out like like a bandit.
Personally, I would buy $200,000 worth (below wholesale) of #1,2, & 3 best selling Philips health and beauty items like Sonicare toothbrushes and sell them. That shit is like gold. You could easily turn that $200,000 into $150,000 profit in one year with a little leg work and basic marketing.