Bojangles Opco, LLC

    Franchise research report · reviewed 2026 disclosure data

    Researching Bojangles Opco, LLC franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    1979
    Source: franchise.org
    Headquarters
    Charlotte, NC United States
    Source: franchise.org

    Bojangles franchise specializes in made-from-scratch buttermilk biscuits, seasoned fried chicken, and bold Southern flavors that have built a loyal following ac

    Headline figures

    Quick facts

    How much does it cost to open a Bojangles Opco, LLC franchise?
    The Bojangles Opco, LLC Franchise Disclosure Document reports separate estimated initial investments by format: $2,851,880 for ase) $32,000 $60,000 as arranged as incurred employees, insurers, suppliers total 12 — 2851880 (2026 FDD, Item 7, PDF p. 26); $780,780 for ase) $32,000 $60,000 as arranged as incurred employees, insurers, suppliers total 10 — 780780 (2026 FDD, Item 7, PDF p. 29). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Bojangles Opco, LLC charge?
    The disclosed ongoing royalty is $3 (2026 FDD, Item 6, PDF p. 18). The brand or advertising fund contribution is $2 (2026 FDD, Item 6, PDF p. 25). Other recurring fees are listed in Item 6. Details
    Does Bojangles Opco, LLC disclose financial performance (Item 19)?
    Yes. The Bojangles Opco, LLC FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 67). Figures apply only to the locations and period each one covers. Details
    How many Bojangles Opco, LLC locations are there?
    The FDD reports 1,734 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 77). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $2,851,880 (ase) $32,000 $60,000 As arranged As incurred Employees, insurers, suppliers Total 12 — 2851880); $780,780 (ase) $32,000 $60,000 As arranged As incurred Employees, insurers, suppliers Total 10 — 780780); several initial fee options apply.
    2. 2Item 19 covers 64 separate groups: other measures and costs and revenue for 222 Company-operated locations; other measures for Franchised locations; other measures for 709 Combined locations; other measures and revenue for 49 Franchised locations; other measures and revenue and costs for 9 Company-operated locations; other measures for 487 Franchised locations; other measures for Company-operated locations; other measures for 29 Franchised locations; other measures and revenue for 58 Combined locations; other measures for Company-operated locations; other measures for 3 Franchised locations; other measures for 1 Franchised locations; other measures for Company-operated locations; revenue for locations; other measures for Company-operated locations; other measures for 160 Franchised locations; other measures for Company-operated locations; other measures for 1 Franchised locations; other measures for 144 Company-operated locations; other measures for Company-operated locations; other measures for 2 Franchised locations; other measures for 42 Franchised locations; other measures for 45 Company-operated locations; other measures for 23 Company-operated locations; other measures for 91 Franchised locations; other measures for 63 Franchised locations; other measures for Company-operated locations; other measures for 3 Franchised locations; other measures for 1 Franchised locations; other measures for 487 Franchised locations; other measures for 1 Company-operated locations; other measures for Company-operated locations; other measures for 222 Company-operated locations; other measures for 487 Franchised locations; other measures for Company-operated locations; other measures for 222 Company-operated locations; other measures for 3 Franchised locations; other measures for 6 Company-operated locations; other measures for 11 Franchised locations; other measures for Company-operated locations; other measures for 3 Franchised locations; other measures for Company-operated locations; other measures for 1 Franchised locations; other measures for 9 Franchised locations; other measures for Company-operated locations; other measures for 1 Franchised locations; other measures for Company-operated locations; other measures for 1 Franchised locations; other measures for 3 Company-operated locations; other measures for 9 Franchised locations; other measures for Company-operated locations; other measures for 1 Franchised locations; other measures for 49 Franchised locations; other measures for Company-operated locations; other measures for 5 Franchised locations; other measures for Company-operated locations; other measures for 9 Company-operated locations; other measures and revenue for 487 Franchised locations; revenue and other measures for 709 Combined locations; revenue and other measures for 222 Company-operated locations; other measures and revenue for 6 Company-operated locations; other measures for Company-operated locations; other measures for Franchised locations; other measures for 29 Franchised locations. They are not combined.
    3. 3Outlets grew by 74 in 2025, to 1,734 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • ase) $32,000 $60,000 As arranged As incurred Employees, insurers, suppliers Total 10 — 780780PDF p. 29$780,780
    • ase) $32,000 $60,000 As arranged As incurred Employees, insurers, suppliers Total 12 — 2851880PDF p. 26$2,851,880

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    able Royalty Fee Reduction (to be subtracted from the standard royalty fee) Year One — 3%Main ongoing fee

    36 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    64 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Costs, revenue and other measures · 222 locations

    Who is counted
    Full-size bone-in
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in menu
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 709 locations

    Who is counted
    Full-size bone-in
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 49 locations

    Who is counted
    Express
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue, costs and other measures · 9 locations

    Who is counted
    Express
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 487 locations

    Who is counted
    Full-size bone-in
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in restaurants in Louisiana, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 29 locations

    Who is counted
    Full-size bone-in restaurants in Alabama, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 58 locations

    Who is counted
    Express
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in menu
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Full-size bone-in restaurants in Louisiana, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Full-size bone-in restaurants in Mississippi, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in restaurants in Maryland, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue

    Who is counted
    Systemwide franchised and company-operated restaurants
    Period
    1947896352
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in restaurants in Alabama, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 160 locations

    Who is counted
    Full-size bone-in restaurants in North Carolina, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in restaurants in Pennsylvania, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Full-size bone-in restaurants in Maryland, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 144 locations

    Who is counted
    Full-size bone-in restaurants in North Carolina, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in restaurants in Mississippi, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 2 locations

    Who is counted
    Full-size bone-in restaurants in Pennsylvania, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 42 locations

    Who is counted
    Full-size bone-in restaurants in Tennessee, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 45 locations

    Who is counted
    Full-size bone-in restaurants in South Carolina, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 23 locations

    Who is counted
    Full-size bone-in restaurants in Tennessee, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 91 locations

    Who is counted
    Full-size bone-in restaurants in South Carolina, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 63 locations

    Who is counted
    Full-size bone-in restaurants in Virginia, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Alabama, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Express restaurants in Arkansas, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Full-size bone-in restaurants in West Virginia, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 487 locations

    Who is counted
    Full-size bone-in restaurants in the United States, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Full-size bone-in restaurants in Virginia, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Full-size bone-in restaurants in West Virginia, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 222 locations

    Who is counted
    Full-size bone-in restaurants in the United States, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 487 locations

    Who is counted
    Full-size bone-in restaurants, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Arkansas, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 222 locations

    Who is counted
    Full-size bone-in restaurants, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Express restaurants in Alabama, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 6 locations

    Who is counted
    Express restaurants in North Carolina, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 11 locations

    Who is counted
    Express restaurants in Georgia, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Georgia, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Express restaurants in Illinois, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Mississippi, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Express restaurants in Louisiana, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Express restaurants in North Carolina, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Illinois, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Express restaurants in Tennessee, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Louisiana, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Express restaurants in Mississippi, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Express restaurants in South Carolina, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Express restaurants in South Carolina, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Tennessee, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Express restaurants in Texas, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 49 locations

    Who is counted
    Express restaurants in the United States, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Texas, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Express restaurants in Virginia, franchised
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express restaurants in Virginia, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Express restaurants in the United States, company-operated
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 487 locations

    Who is counted
    Full-size bone-in menu
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 709 locations

    Who is counted
    Full-size bone-in menu
    Period
    2132820
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 222 locations

    Who is counted
    Full-size bone-in menu
    Period
    45%
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 6 locations

    Who is counted
    Full-size boneless-only
    Period
    13.53
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76. Labor excludes multiunit supervision; food excludes kitchen/dining supplies and uniforms.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Express
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    Locations counted: not stated in the reviewed record

    Other measures · 29 locations

    Who is counted
    Full-size bone-in menu
    Excluded
    International and special event concessions excluded; full year continuous operation; remodel/rebuild, partial-year, transfers and closures exclusions per PDF75–76.
    Method
    Unaudited franchise royalty reports and internal company reports; gross sales exclude sales tax and non-cash discounts; franchise reporting may follow fiscal calendar or calendar months.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 77

    Net +100 outlets, 2023–2025

    01,63420231,66020241,7342025+26+74

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($780,780 – $2,851,880) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 1,660 to 1,734 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in · PDF p. 67; PDF p. 69
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in menu · PDF p. 66
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in · PDF p. 67
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Express · PDF p. 73
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Express · PDF p. 73; PDF p. 74
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in · PDF p. 67
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Louisiana, company-operated · PDF p. 66
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Alabama, franchised · PDF p. 66
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Express · PDF p. 73
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in menu · PDF p. 66
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Louisiana, franchised · PDF p. 66
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Mississippi, franchised · PDF p. 66
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Maryland, company-operated · PDF p. 66
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised and company-operated restaurants · PDF p. 64
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Alabama, company-operated · PDF p. 66
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in North Carolina, franchised · PDF p. 66
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Pennsylvania, company-operated · PDF p. 66
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Maryland, franchised · PDF p. 66
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in North Carolina, company-operated · PDF p. 66
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Mississippi, company-operated · PDF p. 66
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Pennsylvania, franchised · PDF p. 66
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Tennessee, franchised · PDF p. 66
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in South Carolina, company-operated · PDF p. 66
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Tennessee, company-operated · PDF p. 66
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in South Carolina, franchised · PDF p. 66
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Virginia, franchised · PDF p. 66
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Alabama, company-operated · PDF p. 72
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Arkansas, franchised · PDF p. 72
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in West Virginia, franchised · PDF p. 66
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in the United States, franchised · PDF p. 66
    31. [31]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in Virginia, company-operated · PDF p. 66
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in West Virginia, company-operated · PDF p. 66
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants in the United States, company-operated · PDF p. 66
    34. [34]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants, franchised · PDF p. 66
    35. [35]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Arkansas, company-operated · PDF p. 72
    36. [36]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in restaurants, company-operated · PDF p. 66
    37. [37]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Alabama, franchised · PDF p. 72
    38. [38]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in North Carolina, company-operated · PDF p. 72
    39. [39]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Georgia, franchised · PDF p. 72
    40. [40]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Georgia, company-operated · PDF p. 72
    41. [41]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Illinois, franchised · PDF p. 72
    42. [42]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Mississippi, company-operated · PDF p. 72
    43. [43]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Louisiana, franchised · PDF p. 72
    44. [44]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in North Carolina, franchised · PDF p. 72
    45. [45]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Illinois, company-operated · PDF p. 72
    46. [46]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Tennessee, franchised · PDF p. 72
    47. [47]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Louisiana, company-operated · PDF p. 72
    48. [48]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Mississippi, franchised · PDF p. 72
    49. [49]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in South Carolina, company-operated · PDF p. 72
    50. [50]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in South Carolina, franchised · PDF p. 72
    51. [51]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Tennessee, company-operated · PDF p. 72
    52. [52]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Texas, franchised · PDF p. 72
    53. [53]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in the United States, franchised · PDF p. 72
    54. [54]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Texas, company-operated · PDF p. 72
    55. [55]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Virginia, franchised · PDF p. 72
    56. [56]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in Virginia, company-operated · PDF p. 72
    57. [57]Item 19 — Locations counted not stated in the reviewed record — Express restaurants in the United States, company-operated · PDF p. 72
    58. [58]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in menu · PDF p. 68
    59. [59]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in menu · PDF p. 68
    60. [60]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in menu · PDF p. 68
    61. [61]Item 19 — Locations counted not stated in the reviewed record — Full-size boneless-only · PDF p. 71
    62. [62]Item 19 — Locations counted not stated in the reviewed record — Express · PDF p. 72
    63. [63]Item 19 — Locations counted not stated in the reviewed record — Express · PDF p. 72
    64. [64]Item 19 — Locations counted not stated in the reviewed record — Full-size bone-in menu · PDF p. 66
    65. [65]Outlet counts — Item 20, Table 1 · PDF p. 77

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    616 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025inventories, net$3,389
    2025brand$340,500
    2025right of use assets, net$201,267
    2025property and equipment, net$117,086
    2025current operating lease liabilities$33,703
    2025restaurant operating expenses company-operated restaurant food and packaging costs$169,798
    2025current maturities of finance lease obligations$1,870
    2025operating lease liabilities, less current portion$192,762
    2025other noncurrent liabilities$28
    2025other operating expenses general and administrative$23,202
    2025company-operated restaurant operating costs$143,904
    2025costs associated with property and equipment rentals$10,221
    2025restaurant closures and refranchising costs, net of gains and related asset write-downs$1,292
    2025operating income$65,276
    2025changes in operating assets and liabilities accounts and vendor receivables$117
    2025accounts payable and accrued expenses-$3,919
    2025operating lease liabilities, net of right of use assets-$1,862
    2025net cash provided by operating activities$133,448
    2025cash flows from financing activities finance lease obligations funding$3,455
    2025net change in cash and cash equivalents$2,645
    2025accrued expenses$9,117
    2025due to related partiesMore than one value recorded for this year — open the FDD source before comparing$9,112
    2025asset write-downs, net of gains, related to refranchising and store closures-$410
    2025assets current assets cash and cash equivalents$19,026
    2025accounts receivables, net$6,047
    2025vendor receivables$3,166
    2025prepaid and other current assets$1,669
    2025total current assets$33,297
    2025goodwill, net$106,773
    2025franchise rights, net$35,394
    2025other noncurrent assets$836
    2025total assets$835,153
    2025liabilities and member's equity current liabilities accounts payable$10,338
    2025current deferred revenue$701
    2025total current liabilities$64,841
    2025finance lease obligations, less current maturities$6,193
    2025deferred revenue, less current portion$11,789
    2025total liabilities$275,613
    2025member's equity$559,540
    2025company-operated restaurant revenues$584,103
    2025franchise royalty revenues$50,177
    2025property and equipment rental revenues$11,110
    2025other franchise revenues$736
    2025total revenues$646,126
    2025company-operated restaurant labor costs$166,181
    2025company-operated restaurant depreciation and amortization$30,054
    2025total restaurant operating expenses$520,158
    2025operating income before other operating expenses$125,968
    2025depreciation and amortization$36,197
    2025lossMore than one value recorded for this year — open the FDD source before comparing$1
    2025total other operating expenses$60,692
    2025interest expense-$364
    2025net income$64,912
    2025cash flows from operating activities net income$64,912
    2025adjustments to reconcile net income to net cash provided by operating activities depreciation and amortization$66,251
    2025lossMore than one value recorded for this year — open the FDD source before comparing$1
    2025reserve for$16
    2025provision for inventory spoilage-$8
    2025inventories$168
    2025prepaids and other assets-$1,195
    2025due to related partiesMore than one value recorded for this year — open the FDD source before comparing$7,670
    2025deferred revenue$1,707
    2025cash flows from investing activities purchases of franchise assets-$149
    2025proceeds from sale of refranchised assets, net$1,440
    2025proceeds from sale of property and equipment and other$121
    2025net cash provided by$1,412
    2025principal payments on finance lease obligations-$1,558
    2025member distributions-$134,112
    2025net cash used in financing activities-$132,215
    2025cash and cash equivalents balance opening balance$16,381
    2025ending balance$19,026
    2024liabilities and member's equity current liabilities accounts payable$9,694
    2024current operating lease liabilities$32,981
    2024accrued expenses$13,829
    2024prepaid and other current assets$418
    2024brand$340,500
    2024assets current assets cash and cash equivalents$16,381
    2024current maturities of finance lease obligations$1,396
    2024member's equity$567,128
    2024company-operated restaurant operating costs$142,494
    2024total current liabilities$59,917
    2024operating income before other operating expenses$121,419
    2024total other operating expenses$59,154
    2024cash flows from operating activities net income$62,009
    2024adjustments to reconcile net income to net cash provided by operating activities depreciation and amortization$59,997
    2024lossMore than one value recorded for this year — open the FDD source before comparing$278
    2024asset write-downs, net of gains, related to refranchising and store closures-$172
    2024member distributions-$122,272
    2024proceeds from sale of property and equipment and other$294
    2024principal payments on finance lease obligations-$918
    2024due to related partiesMore than one value recorded for this year — open the FDD source before comparing$1,442
    2024provision for inventory spoilage-$28
    2024accounts receivables, net$6,614
    2024vendor receivables$2,732
    2024inventories, net$3,549
    2024total current assets$29,694
    2024property and equipment, net$84,985
    2024goodwill, net$142,758
    2024franchise rights, net$36,928
    2024right of use assets, net$210,703
    2024other noncurrent assets$892
    2024total assets$846,460
    2024current deferred revenue$575
    2024operating lease liabilities, less current portion$205,416
    2024finance lease obligations, less current maturities$3,791
    2024deferred revenue, less current portion$10,208
    2024total liabilities$279,332
    2024company-operated restaurant revenues$593,957
    2024franchise royalty revenues$47,116
    2024property and equipment rental revenues$9,609
    2024other franchise revenues$954
    2024total revenues$651,636
    2024restaurant operating expenses company-operated restaurant food and packaging costs$178,743
    2024company-operated restaurant labor costs$175,628
    2024company-operated restaurant depreciation and amortization$23,890
    2024costs associated with property and equipment rentals$9,462
    2024total restaurant operating expenses$530,217
    2024other operating expenses general and administrative$20,832
    2024depreciation and amortization$36,107
    2024restaurant closures and refranchising costs, net of gains and related asset write-downs$1,937
    2024lossMore than one value recorded for this year — open the FDD source before comparing$278
    2024operating income$62,265
    2024interest income$2
    2024interest expense-$258
    2024net income$62,009
    2024reserve for$22
    2024changes in operating assets and liabilities accounts and vendor receivables-$1,945
    2024inventories$460
    2024prepaids and other assets-$91
    2024accounts payable and accrued expenses$4,084
    2024due to related partiesMore than one value recorded for this year — open the FDD source before comparing-$6,120
    2024operating lease liabilities, net of right of use assets-$1,977
    2024deferred revenue$877
    2024net cash provided by operating activities$117,394
    2024cash flows from investing activities purchases of franchise assets-$1,451
    2024net cash provided by-$1,157
    2024cash flows from financing activities finance lease obligations funding$2,973
    2024net cash used in financing activities-$120,217
    2024net change in cash and cash equivalents-$3,980
    2024cash and cash equivalents balance opening balance$20,361
    2024ending balance$16,381
    2023franchise royalty revenues$42,204
    2023property and equipment rental revenues$8,939
    2023other franchise revenues$1,546
    2023total restaurant operating expenses$536,314
    2023adjustments to reconcile net income to net cash provided by operating activities depreciation and amortization$56,265
    2023total other operating expenses$61,042
    2023interest expense-$138
    2023accounts payable and accrued expenses-$2,276
    2023inventories$169
    2023net cash provided by operating activities$109,749
    2023cash flows from financing activities finance lease obligations funding$2,138
    2023ending balance$20,361
    2023net change in cash and cash equivalents$2,520
    2023provision for inventory spoilage-$4
    2023company-operated restaurant revenues$594,036
    2023total revenues$646,725
    2023restaurant operating expenses company-operated restaurant food and packaging costs$184,476
    2023company-operated restaurant labor costs$184,777
    2023company-operated restaurant operating costs$139,712
    2023company-operated restaurant depreciation and amortization$20,156
    2023costs associated with property and equipment rentals$7,193
    2023operating income before other operating expenses$110,411
    2023other operating expenses general and administrative$18,163
    2023depreciation and amortization$36,109
    2023restaurant closures and refranchising costs, net of gains and related asset write-downs$6,975
    2023lossMore than one value recorded for this year — open the FDD source before comparing-$205
    2023operating income$49,369
    2023net income$49,231
    2023cash flows from operating activities net income$49,231
    2023lossMore than one value recorded for this year — open the FDD source before comparing-$205
    2023reserve for-$25
    2023asset write-downs, net of gains, related to refranchising and store closures$813
    2023changes in operating assets and liabilities accounts and vendor receivables-$476
    2023prepaids and other assets$687
    2023due to related parties$3,526
    2023operating lease liabilities, net of right of use assets$2,055
    2023deferred revenue-$11
    2023proceeds from sale of property and equipment and other$538
    2023net cash provided by$538
    2023principal payments on finance lease obligations-$502
    2023member distributions-$109,403
    2023net cash used in financing activities-$107,767
    2023cash and cash equivalents balance opening balance$17,841

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.