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Capriotti’s Sandwich Shop, Inc.
Franchise research report · reviewed 2026 disclosure data
Researching Capriotti’s Sandwich Shop, Inc. franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
- Franchising since
- 1991 Source: franchise.org
- Headquarters
- Las Vegas, NV United States Source: franchise.org
Capriotti's Sandwich Shop franchise specializes in made-to-order submarine sandwiches, salads, and soups, with locations primarily across the United States know
Headline figures
Quick facts
- How much does it cost to open a Capriotti’s Sandwich Shop, Inc. franchise?
- The Capriotti’s Sandwich Shop, Inc. Franchise Disclosure Document reports separate estimated initial investments by format: $594,700–$935,000 for total (excluding real estate purchase and lease costs): $594,700 - $935,000 (2026 FDD, Item 7, PDF p. 20); $145,000–$324,000 for virtual kitchen total excluding real estate purchase/lease (2026 FDD, Item 7, PDF p. 24). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Capriotti’s Sandwich Shop, Inc. initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $40,000 (2026 FDD, Item 5, PDF p. 12). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Capriotti’s Sandwich Shop, Inc. charge?
- The disclosed ongoing royalty is $6 (2026 FDD, Item 6, PDF p. 13). The brand or advertising fund contribution is $2 (2026 FDD, Item 6, PDF p. 14). Other recurring fees are listed in Item 6. Details
- Does Capriotti’s Sandwich Shop, Inc. disclose financial performance (Item 19)?
- Yes. The Capriotti’s Sandwich Shop, Inc. FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 59). Figures apply only to the locations and period each one covers. Details
- How many Capriotti’s Sandwich Shop, Inc. locations are there?
- The FDD reports 155 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 64). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $594,700 – $935,000 (Total (excluding real estate purchase and lease costs): $594,700 - $935,000); $145,000 – $324,000 (Virtual Kitchen total excluding real estate purchase/lease); several initial fee options apply.
- 2Item 19 reports other measures for 119 Franchised locations.
- 3Outlets grew by 1 in 2025, to 155 (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.
- Virtual Kitchen total excluding real estate purchase/leasePDF p. 24$145,000 – $324,000
- Total (excluding real estate purchase and lease costs): $594,700 - $935,000PDF p. 20$594,700 – $935,000
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 12
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty Fee: 6% to 7% of monthly Gross SalesMain ongoing fee
50 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?
38 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 119 locations
- Who is counted
- Table 1 All Franchised Restaurants Open During All of 2025*
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 56 locations
- Who is counted
- Table 2 Open in Mature Markets
- Period
- Restaurants exceeding mean
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 56 locations
- Who is counted
- Table 1 Open in Mature Markets**
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 5 locations
- Who is counted
- Table 1 Open Less Than 18 Months
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 26 locations
- Who is counted
- Table 1 Open More Than 1 Year but Less Than 3 Years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 48 locations
- Who is counted
- Table 1 Open More Than 10 Years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 24 locations
- Who is counted
- Table 1 Open More Than 20 Years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 30 locations
- Who is counted
- Table 2 All Franchised Restaurants
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 12 locations
- Who is counted
- Table 4 All Affiliate-Owned Restaurants Open During All of 2025
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 56 locations
- Who is counted
- Table 4 Open in Mature Markets*
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Table 4 Open More Than 10 Years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Table 4 Open More Than 20 Years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV054 Sparks Stanford
- Period
- NV054 Sparks Stanford
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV067 Reno Meadows
- Period
- NV067 Reno Meadows
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV103 Henderson Boulder Hwy
- Period
- NV103 Henderson Boulder Hwy
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV126 NLV Aliante
- Period
- NV126 NLV Aliante
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV191 Carson City William
- Period
- NV191 Carson City William
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 11 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- 11 full-year affiliate-operated traditional restaurants
- Period
- Mean of 11
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Mature-market footnote
- Method
- Retained separately from core table 57 franchised/12 affiliate.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Mature-market footnote
- Method
- Retained separately from core table 57 franchised/12 affiliate.
Locations counted: not stated in the reviewed record
Other measures · 7 locations
- Who is counted
- Table 2 Open More Than 1 Year but Less Than 3 Years
- Period
- Highest annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 12 locations
- Who is counted
- Table 2 Open More Than 10 Years
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 30 locations
- Who is counted
- Table 3 All Franchised Restaurants
- Period
- Median annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 6 locations
- Who is counted
- Table 3 Open More Than 20 Years
- Period
- Median annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV079 Reno Sierra
- Period
- NV079 Reno Sierra
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV111 NLV Craig and Mitchell
- Period
- NV111 NLV Craig and Mitchell
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV051 Henderson Horizon
- Period
- NV051 Henderson Horizon
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV151 LV Huntridge
- Period
- NV151 LV Huntridge
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Other measures · 6 locations
- Who is counted
- Table 2 Open More Than 20 Years
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 56 locations
- Who is counted
- Table 3 Open in Mature Markets
- Period
- Mean annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 7 locations
- Who is counted
- Bottom-quartile franchised restaurants (bottom 25% by net sales), open more than 1 year but less than 3 years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 12 locations
- Who is counted
- Bottom-quartile franchised restaurants (bottom 25% by net sales), open more than 10 years
- Period
- Sample
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures · 12 locations
- Who is counted
- Table 3 Open More Than 10 Years
- Period
- Lowest annual gross sales
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
Locations counted: not stated in the reviewed record
Other measures
Locations counted: not stated in the reviewed record
Other measures · 11 locations
- Who is counted
- Illustration based on 11 affiliate restaurants
- Method
- Source hypothetical explicitly stated; no computation by reader.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- NV152 Reno Plumb Virginia
- Period
- NV152 Reno Plumb Virginia
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Adjusted operating results · 1 locations
Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.
- Who is counted
- PA006 Kennett Square
- Period
- PA006 Kennett Square
- Excluded
- Exclude reacquired in 2025, newly opened, operating partner, two limited-hours and one closed. Footnote says limited hours <40/week versus introduction <50. Partial operating statement, not all expenses.
- Method
- Unaudited internal actual operating results; COGS food/beverage/paper; payroll salary/hourly/bonus/taxes/benefits; prime cost=COGS/payroll. Operating expense includes specified supplies/marketing/delivery/IT/fees; noncontrollable includes rent/utilities/taxes/royalty/marketing/accounting. EBITDA before remaining taxes/interest/depreciation/amortization. Main royalty uses developer 6%; two extra rows explicitly 7% royalty and adjusted EBITDA; source figures retained without recomputation.
Locations counted: not stated in the reviewed record
Other measures · 15 locations
- Who is counted
- Bottom-quartile franchised restaurants (bottom 25% by net sales), open in mature markets
- Period
- Percent exceeding mean
- Excluded
- Exclude opened/closed during 2025, nontraditional locations, affiliate operating partner, and limited hours. Table sales not profit; expenses excluded.
- Method
- Unaudited franchise sales reports or affiliate records. Gross sales excludes specified taxes/equipment sales/preapproved/employee discounts, but not third-party delivery fees. Mature-market footnotes state 56 franchised/11 affiliate versus core tables 57/12; retained as stated. Quartiles ranked by Net Sales per heading; disclosed amounts labeled Gross Sales.
These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of December 31, 2025 of each year.
2026 FDD · Item 20 · PDF p. 64
Net +2 outlets, 2023–2025
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 ($145,000 – $935,000) 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 154 to 155 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]Standard initial franchise fee — Item 5 · PDF p. 12
- [2]Item 19 — Locations counted not stated in the reviewed record — Table 1 All Franchised Restaurants Open During All of 2025* · PDF p. 59
- [3]Item 19 — Locations counted not stated in the reviewed record — Table 2 Open in Mature Markets · PDF p. 60
- [4]Item 19 — Locations counted not stated in the reviewed record — Table 1 Open in Mature Markets** · PDF p. 59
- [5]Item 19 — Locations counted not stated in the reviewed record — Table 1 Open Less Than 18 Months · PDF p. 59
- [6]Item 19 — Locations counted not stated in the reviewed record — Table 1 Open More Than 1 Year but Less Than 3 Years · PDF p. 59
- [7]Item 19 — Locations counted not stated in the reviewed record — Table 1 Open More Than 10 Years · PDF p. 59
- [8]Item 19 — Locations counted not stated in the reviewed record — Table 1 Open More Than 20 Years · PDF p. 59
- [9]Item 19 — Locations counted not stated in the reviewed record — Table 2 All Franchised Restaurants · PDF p. 60
- [10]Item 19 — Locations counted not stated in the reviewed record — Table 4 All Affiliate-Owned Restaurants Open During All of 2025 · PDF p. 61
- [11]Item 19 — Locations counted not stated in the reviewed record — Table 4 Open in Mature Markets* · PDF p. 61
- [12]Item 19 — Locations counted not stated in the reviewed record — Table 4 Open More Than 10 Years · PDF p. 61
- [13]Item 19 — Locations counted not stated in the reviewed record — Table 4 Open More Than 20 Years · PDF p. 61
- [14]Item 19 — Locations counted not stated in the reviewed record — NV054 Sparks Stanford · PDF p. 62
- [15]Item 19 — Locations counted not stated in the reviewed record — NV067 Reno Meadows · PDF p. 62
- [16]Item 19 — Locations counted not stated in the reviewed record — NV103 Henderson Boulder Hwy · PDF p. 62
- [17]Item 19 — Locations counted not stated in the reviewed record — NV126 NLV Aliante · PDF p. 62
- [18]Item 19 — Locations counted not stated in the reviewed record — NV191 Carson City William · PDF p. 62
- [19]Item 19 — Locations counted not stated in the reviewed record — 11 full-year affiliate-operated traditional restaurants · PDF p. 62
- [20]Item 19 — Locations counted not stated in the reviewed record — Mature-market footnote · PDF p. 60
- [21]Item 19 — Locations counted not stated in the reviewed record — Mature-market footnote · PDF p. 61
- [22]Item 19 — Locations counted not stated in the reviewed record — Table 2 Open More Than 1 Year but Less Than 3 Years · PDF p. 60
- [23]Item 19 — Locations counted not stated in the reviewed record — Table 2 Open More Than 10 Years · PDF p. 60
- [24]Item 19 — Locations counted not stated in the reviewed record — Table 3 All Franchised Restaurants · PDF p. 60
- [25]Item 19 — Locations counted not stated in the reviewed record — Table 3 Open More Than 20 Years · PDF p. 60
- [26]Item 19 — Locations counted not stated in the reviewed record — NV079 Reno Sierra · PDF p. 62
- [27]Item 19 — Locations counted not stated in the reviewed record — NV111 NLV Craig and Mitchell · PDF p. 62
- [28]Item 19 — Locations counted not stated in the reviewed record — NV051 Henderson Horizon · PDF p. 62
- [29]Item 19 — Locations counted not stated in the reviewed record — NV151 LV Huntridge · PDF p. 62
- [30]Item 19 — Locations counted not stated in the reviewed record — Table 2 Open More Than 20 Years · PDF p. 60
- [31]Item 19 — Locations counted not stated in the reviewed record — Table 3 Open in Mature Markets · PDF p. 60
- [32]Item 19 — Locations counted not stated in the reviewed record — Bottom-quartile franchised restaurants (bottom 25% by net sales), open more tha… · PDF p. 60
- [33]Item 19 — Locations counted not stated in the reviewed record — Bottom-quartile franchised restaurants (bottom 25% by net sales), open more tha… · PDF p. 60
- [34]Item 19 — Locations counted not stated in the reviewed record — Table 3 Open More Than 10 Years · PDF p. 60
- [35]Item 19 — Locations counted not stated in the reviewed record · PDF p. 63
- [36]Item 19 — Locations counted not stated in the reviewed record — Illustration based on 11 affiliate restaurants · PDF p. 63
- [37]Item 19 — Locations counted not stated in the reviewed record — NV152 Reno Plumb Virginia · PDF p. 62
- [38]Item 19 — Locations counted not stated in the reviewed record — PA006 Kennett Square · PDF p. 62
- [39]Item 19 — Locations counted not stated in the reviewed record — Bottom-quartile franchised restaurants (bottom 25% by net sales), open in matur… · PDF p. 60
- [40]Outlet counts — Item 20, Table 1 · PDF p. 64
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
233 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.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2026 | royalties receivable, net | $1,383,944 |
| 2026 | trade and other receivables, net | $549,081 |
| 2026 | inventory | $162,189 |
| 2026 | total current assets | $3,567,661 |
| 2026 | property and equipment, net | $1,138,693 |
| 2026 | trademarks and franchise contracts, net | $4,276,684 |
| 2026 | goodwill, net | $1,479,106 |
| 2026 | operating lease right-of-use asset, net | $4,711,957 |
| 2026 | loans and other finance receivables | $243,017 |
| 2026 | total other assets | $11,956,816 |
| 2026 | total assets | $15,524,477 |
| 2026 | accrued expenses and other current liabilities | $4,465,298 |
| 2026 | current portion of operating lease obligations | $734,143 |
| 2026 | deferred revenue, current portion | $1,452,452 |
| 2026 | current maturities of long-term debt | $6,011,219 |
| 2026 | total current liabilities | $14,328,338 |
| 2026 | long-term debt, less current maturities | $6,288,838 |
| 2026 | operating lease obligations, net of current | $4,119,945 |
| 2026 | total liabilities | $10,408,783 |
| 2026 | franchise fee revenue | $173,500 |
| 2026 | total revenues | $13,237,330 |
| 2026 | total expenses | $12,598,150 |
| 2026 | depreciation/amortization expense | $525,602 |
| 2026 | restaurant disposal loss | -$9,398 |
| 2026 | other income | $56,567 |
| 2026 | loss before income tax benefit | -$642,179 |
| 2026 | parent net loss | -$638,850 |
| 2026 | paid-in capital | $22,865,162 |
| 2026 | treasury stock | -$823,845 |
| 2026 | accumulated deficit | -$30,542,519 |
| 2026 | parent equity deficit | -$8,486,151 |
| 2026 | noncontrolling interest | -$726,492 |
| 2026 | total equity deficit | -$9,212,644 |
| 2026 | franchise royalties/advertising revenue | $5,118,357 |
| 2026 | g&a expense | $10,353,587 |
| 2026 | prepaid expenses and other current assets | $141,711 |
| 2026 | interest expense | -$802,927 |
| 2026 | deposits | $107,361 |
| 2026 | total other expense | -$755,757 |
| 2026 | cash | $1,330,736 |
| 2026 | company-owned restaurant sales | $7,130,211 |
| 2026 | stated loss before depreciation/amortization | $639,180 |
| 2026 | liabilities and equity | $1,665,227 |
| 2026 | operating income | $113,578 |
| 2026 | net loss attributable noncontrolling interest | -$3,329 |
| 2026 | other revenues | $815,263 |
| 2026 | restaurant cost of sales | $2,244,564 |
| 2026 | net loss | -$642,179 |
| 2025 | accounts and other receivables, net | $1,106,850 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $188,478 |
| 2025 | prepaid expenses and other current assets | $190,131 |
| 2025 | total current assets | $4,577,767 |
| 2025 | trademarks and franchise contracts, net | $4,922,464 |
| 2025 | goodwill, net | $1,221,331 |
| 2025 | operating lease right-o f-use asset, net | $5,025,719 |
| 2025 | loans and other finance receivables | $241,604 |
| 2025 | depositsMore than one value recorded for this year — open the FDD source before comparing | $53,323 |
| 2025 | total other assets | $12,670,496 |
| 2025 | total assets | $17,248,263 |
| 2025 | accrued expenses and other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $4,793,214 |
| 2025 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $1,528,278 |
| 2025 | current maturities of long-term debt | $1,976,219 |
| 2025 | total current liabilities | $10,542,195 |
| 2025 | long-term debt, less current maturities | $10,985,386 |
| 2025 | operating lease obligations, net of current | $4,461,196 |
| 2025 | total liabilities | $25,988,777 |
| 2025 | franchise royalties and advertising contributions | $11,430,057 |
| 2025 | sales by company-owned restaurants | $15,781,275 |
| 2025 | other revenues | $3,195,808 |
| 2025 | total revenues | $31,091,140 |
| 2025 | cost of sales by company-owned restaurants | $5,086,743 |
| 2025 | general and administrative expenses | $23,633,173 |
| 2025 | total expenses | $28,719,916 |
| 2025 | depreciation and amortization expense | $1,234,699 |
| 2025 | operating income | $1,136,525 |
| 2025 | loss on disposal of company-owned restaurants, net | -$351,815 |
| 2025 | other incomeMore than one value recorded for this year — open the FDD source before comparing | $348,217 |
| 2025 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$998,417 |
| 2025 | net income attribute to noncontrolling interest | $253,854 |
| 2025 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$998,417 |
| 2025 | depreciation and amortization | $1,234,699 |
| 2025 | amortization of right-of-use asset | $755,444 |
| 2025 | accounts receivable, net | -$267,642 |
| 2025 | receivable, netMore than one value recorded for this year — open the FDD source before comparing | $15,159 |
| 2025 | prepaid expenses and other assets | $1,737,709 |
| 2025 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | -$714,439 |
| 2025 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | -$283,969 |
| 2025 | depositsMore than one value recorded for this year — open the FDD source before comparing | -$1,492 |
| 2025 | increase in non-current receivables | -$3,063 |
| 2025 | proceeds from sale of property and equipment | $36,988 |
| 2025 | net cash used in investing activities | -$175,303 |
| 2025 | cash flows from financing activities capital contribution | $1,065,000 |
| 2025 | proceeds from long-term borrowings | $2,453,210 |
| 2025 | payments on long-term borrowings | -$3,021,074 |
| 2025 | net cash provided by financing activities | $497,136 |
| 2025 | net increase | $485,064 |
| 2025 | cash, beginning of year | $1,049,392 |
| 2025 | supplemental disclosure of cash flow information cash paid for interest | $2,084,384 |
| 2025 | non-cash impact of lease modifications | -$576,012 |
| 2025 | paid-in capital | $22,695,112 |
| 2025 | treasury stock | -$823,845 |
| 2025 | parent deficit | -$8,017,351 |
| 2025 | total stockholders deficit | -$8,740,514 |
| 2025 | parent net loss | -$744,563 |
| 2025 | property and equipment, net | $1,206,055 |
| 2025 | current portion of operating lease obligations | $743,393 |
| 2025 | cash | $1,534,456 |
| 2025 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,501,091 |
| 2025 | income | $2,371,224 |
| 2025 | receivable, netMore than one value recorded for this year — open the FDD source before comparing | $1,557,852 |
| 2025 | franchise fees | $684,000 |
| 2025 | other incomeMore than one value recorded for this year — open the FDD source before comparing | -$2,131,344 |
| 2025 | total other expense | -$2,134,942 |
| 2025 | loss on disposal of assets | $359,946 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $12,396 |
| 2025 | operating lease obligation | -$701,658 |
| 2025 | accrued expenses and other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$984,505 |
| 2025 | net cash provided by | $163,231 |
| 2025 | accumulated deficit | -$29,903,668 |
| 2025 | cash flows from investing activities purchases of equipment and leasehold improvements | -$209,228 |
| 2025 | cash, end of year | $1,534,456 |
| 2025 | non-cash impact of debt-to-equity conversion | $498,345 |
| 2025 | noncontrolling interest | -$723,163 |
| 2024 | cash | $1,049,392 |
| 2024 | receivable, netMore than one value recorded for this year — open the FDD source before comparing | $1,573,011 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $200,874 |
| 2024 | prepaid expenses and other current assets | $1,927,840 |
| 2024 | total current assets | $5,590,325 |
| 2024 | property and equipment, net | $1,751,455 |
| 2024 | trademarks and franchise contracts, net | $5,572,039 |
| 2024 | operating lease right-o f-use asset, net | $6,357,175 |
| 2024 | depositsMore than one value recorded for this year — open the FDD source before comparing | $51,832 |
| 2024 | total other assets | $15,419,806 |
| 2024 | total assets | $21,010,131 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $2,215,530 |
| 2024 | accrued expenses and other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $5,777,722 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $1,812,247 |
| 2024 | current maturities of long-term debt | $4,528,871 |
| 2024 | long-term debt, less current maturities | $9,498,943 |
| 2024 | operating lease obligations, net of current | $5,774,405 |
| 2024 | sales by company-owned restaurants | $14,277,787 |
| 2024 | franchise fees | $1,329,000 |
| 2024 | other revenues | $155,728 |
| 2024 | cost of sales by company-owned restaurants | $4,731,124 |
| 2024 | total expenses | $30,183,547 |
| 2024 | depreciation and amortization expense | $1,353,564 |
| 2024 | operating income | -$3,821,862 |
| 2024 | other incomeMore than one value recorded for this year — open the FDD source before comparing | -$1,565,997 |
| 2024 | loss on disposal of company-owned restaurants, net | -$191,707 |
| 2024 | other incomeMore than one value recorded for this year — open the FDD source before comparing | -$23,716 |
| 2024 | total other expense | -$1,781,420 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,603,282 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $1,353,564 |
| 2024 | loss on disposal of assetsMore than one value recorded for this year — open the FDD source before comparing | $191,705 |
| 2024 | note payable discount amortizationMore than one value recorded for this year — open the FDD source before comparing | $64,000 |
| 2024 | accounts receivable, netMore than one value recorded for this year — open the FDD source before comparing | -$147,179 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$77,402 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $287,798 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | -$730,918 |
| 2024 | operating lease obligationMore than one value recorded for this year — open the FDD source before comparing | -$728,493 |
| 2024 | depositsMore than one value recorded for this year — open the FDD source before comparing | -$25,365 |
| 2024 | accrued expenses and other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,684,090 |
| 2024 | net cash provided by | -$2,245,347 |
| 2024 | cash flows from investing activities purchases of equipment and leasehold improvementsMore than one value recorded for this year — open the FDD source before comparing | -$620,057 |
| 2024 | increase in non-current receivables | -$3,063 |
| 2024 | acquisition | -$1,319,733 |
| 2024 | net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$1,942,853 |
| 2024 | net increase | -$185,166 |
| 2024 | cash, beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $1,234,558 |
| 2024 | cash, end of yearMore than one value recorded for this year — open the FDD source before comparing | $1,049,392 |
| 2024 | supplemental disclosure of cash flow information cash paid for interestMore than one value recorded for this year — open the FDD source before comparing | $1,438,024 |
| 2024 | non-cash impact of lease modifications | $409,537 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,603,282 |
| 2024 | loss on disposal of assetsMore than one value recorded for this year — open the FDD source before comparing | $191,705 |
| 2024 | amortization of right - of - use asset | $687,153 |
| 2024 | receivable, netMore than one value recorded for this year — open the FDD source before comparing | $297,632 |
| 2024 | prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing | $501,350 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $287,798 |
| 2024 | operating lease obligationMore than one value recorded for this year — open the FDD source before comparing | -$728,493 |
| 2024 | depositsMore than one value recorded for this year — open the FDD source before comparing | -$25,365 |
| 2024 | accrued expenses and other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,684,090 |
| 2024 | net cash used in operating activities | -$2,245,347 |
| 2024 | cash flows from investing activities purchases of equipment and leasehold improvementsMore than one value recorded for this year — open the FDD source before comparing | -$620,057 |
| 2024 | increase in non - current receivables | -$3,063 |
| 2024 | a cquisition | -$1,319,733 |
| 2024 | net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing | -$1,942,853 |
| 2024 | cash flows from financing activities proceeds from long - term borrowings | $4,263,600 |
| 2024 | payments on long - term borrowings | -$260,566 |
| 2024 | net cash provided by financing activitiesMore than one value recorded for this year — open the FDD source before comparing | $4,003,034 |
| 2024 | cash, beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $1,234,558 |
| 2024 | cash, end of yearMore than one value recorded for this year — open the FDD source before comparing | $1,049,392 |
| 2024 | non - cash impact of lease modifications | $409,537 |
| 2024 | paid-in capital | $21,131,767 |
| 2024 | treasury stock | -$823,845 |
| 2024 | accumulated deficit | -$29,159,105 |
| 2024 | noncontrolling interest | -$469,309 |
| 2024 | total stockholders deficit | -$9,305,442 |
| 2024 | parent net loss | -$4,865,330 |
| 2024 | total liabilities | $30,315,573 |
| 2024 | general and administrative expenses | $25,452,423 |
| 2024 | goodwill, net | $1,448,764 |
| 2024 | total current liabilities | $15,042,225 |
| 2024 | total revenues | $27,715,249 |
| 2024 | current portion of operating lease obligations | $707,855 |
| 2024 | franchise royalties and advertising contributions | $11,952,734 |
| 2024 | accounts and other receivables, net | $839,208 |
| 2024 | loans and other finance receivables | $238,541 |
| 2024 | income | -$2,468,298 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,603,282 |
| 2024 | net income attribute to noncontrolling interest | $737,952 |
| 2024 | amortization of right-of-use asset | $687,153 |
| 2024 | receivable, netMore than one value recorded for this year — open the FDD source before comparing | $297,632 |
| 2024 | prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing | $501,350 |
| 2024 | note payable discount amortizationMore than one value recorded for this year — open the FDD source before comparing | $64,000 |
| 2024 | payments on long-term borrowings | -$260,566 |
| 2024 | net cash provided by financing activitiesMore than one value recorded for this year — open the FDD source before comparing | $4,003,034 |
| 2024 | supplemental schedule of noncash investing and financing activities right - of - use assets exchanged for lease liabilities | $1,867,813 |
| 2024 | supplemental schedules of noncash investing and financing activities right-of-use assets exchanged for lease liabilities | $1,867,813 |
| 2024 | net decrease in cash | -$185,166 |
| 2024 | parent deficit | -$8,836,133 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $1,353,564 |
| 2024 | accounts receivable, netMore than one value recorded for this year — open the FDD source before comparing | -$147,179 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$77,402 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | -$730,918 |
| 2024 | supplemental disclosure of cash flow information cash paid for interestMore than one value recorded for this year — open the FDD source before comparing | $1,438,024 |
| 2024 | proceeds from long-term borrowings | $4,263,600 |
| 2023 | other revenue | $144,257 |
| 2023 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $123,472 |
| 2023 | prepaids | $2,406,833 |
| 2023 | current assets | $6,327,534 |
| 2023 | goodwill | $556,116 |
| 2023 | operating lease assets | $4,757,978 |
| 2023 | finance receivables | $235,478 |
| 2023 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$737,899 |
| 2023 | depreciation and amortization | $1,240,579 |
| 2023 | loss on disposal of assets | $71,334 |
| 2023 | note payable discount amortization | $64,000 |
| 2023 | amortization of right - of - use asset | $612,453 |
| 2023 | accounts receivable, net | $30,606 |
| 2023 | receivable, net | -$641,695 |
| 2023 | prepaid expenses and other assets | -$2,098,147 |
| 2023 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $743,495 |
| 2023 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | -$945,334 |
| 2023 | operating lease obligation | -$557,399 |
| 2023 | accrued expenses and other current liabilities | $492,698 |
| 2023 | depositsMore than one value recorded for this year — open the FDD source before comparing | $26,467 |
| 2023 | increase in non - current receivables | -$3,122 |
| 2023 | cash flows from financing activities proceeds from long - term borrowings | $1,275,553 |
| 2023 | equity distribution | -$166,978 |
| 2023 | net decrease in cash | -$1,569,412 |
| 2023 | cash, beginning of year | $2,803,970 |
| 2023 | cash, end of year | $1,234,558 |
| 2023 | supplemental schedule of noncash investing and financing activities right - of - use assets exchanged for lease liabilities | $109,014 |
| 2023 | cash | $1,234,558 |
| 2023 | royalties receivable net | $1,870,643 |
| 2023 | trade/other receivables | $692,028 |
| 2023 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,928,720 |
| 2023 | accrued expenses | $4,093,632 |
| 2023 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $2,543,164 |
| 2023 | current debt | $1,107,044 |
| 2023 | current liabilities | $10,216,178 |
| 2023 | noncurrent lease liabilities | $4,379,797 |
| 2023 | total liabilities | $23,449,710 |
| 2023 | paid-in capital | $21,131,767 |
| 2023 | accumulated deficit | -$24,293,775 |
| 2023 | parent deficit | -$3,970,803 |
| 2023 | total deficit | -$3,702,160 |
| 2023 | franchise royalty/advertising revenue | $13,803,571 |
| 2023 | restaurant sales | $12,324,497 |
| 2023 | total expenses | $28,543,624 |
| 2023 | loss before depreciation/amortization | -$324,049 |
| 2023 | depreciation/amortization | $1,240,579 |
| 2023 | interest expense | -$1,379,854 |
| 2023 | disposal loss | -$670 |
| 2023 | other income | $2,207,253 |
| 2023 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$737,899 |
| 2023 | net loss noncontrolling interest | $388,454 |
| 2023 | trademarks/contracts net | $6,221,612 |
| 2023 | property/equipment net | $1,622,365 |
| 2023 | total revenues | $28,219,575 |
| 2023 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $9,358 |
| 2023 | payments on long - term borrowings | -$539,835 |
| 2023 | net cash used in investing activities | -$419,700 |
| 2023 | total assets | $19,747,550 |
| 2023 | parent net loss | -$349,445 |
| 2023 | net cash provided by financing activities | $568,740 |
| 2023 | long-term debt | $8,853,735 |
| 2023 | operating loss | -$1,564,628 |
| 2023 | net cash used in operating activities | -$1,718,451 |
| 2023 | supplemental disclosure of cash flow information cash paid for interest | $1,270,226 |
| 2023 | other assets total | $13,420,016 |
| 2023 | franchise fees | $1,947,250 |
| 2023 | depositsMore than one value recorded for this year — open the FDD source before comparing | -$2,500 |
| 2023 | cash flows from investing activities purchases of equipment and leasehold improvements | -$416,578 |
| 2023 | treasury stock | -$823,845 |
| 2023 | restaurant cost of sales | $3,943,071 |
| 2023 | current lease liabilities | $544,606 |
| 2023 | g&a expense | $24,600,553 |
| 2023 | total other income | $826,729 |
| 2023 | noncontrolling interest | $268,643 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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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
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Franchised 2023 — Start
“2023 126 143 +17”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Franchised 2024 — End
“2024 143 139 - 4”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Franchised 2024 — Start
“2024 143 139 - 4”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Franchised 2025 — Start
“2025 139 139 0”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Franchised 2025 — End
“2025 139 139 0”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Company-owned 2023 — End
“2023 10 10 0”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Company-owned 2024 — Start
“2024 10 15 +5”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Systemwide 2023 — Start
“2023 136 153 +17”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Company-owned 2024 — End
“2024 10 15 +5”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Company-owned 2025 — Start
“2025 15 16 +1”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Company-owned 2025 — End
“2025 15 16 +1”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Franchised 2023 — End
“2023 126 143 +17”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 1 Company-owned 2023 — Start
“2023 10 10 0”
Note: State-specific Item 20 row is outside the required national/systemwide Total scope.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.