Eiffel Waffle
Franchise research report · reviewed 2025 disclosure data
Researching Eiffel Waffle franchise opportunities? Every figure below is cited to the FDD.
Eiffel Waffle franchise specializes in authentic Belgian-style waffles and European-inspired breakfast items, bringing a unique culinary concept to the growing
Headline figures
Quick facts
- How much does it cost to open an Eiffel Waffle franchise?
- The Eiffel Waffle Franchise Disclosure Document reports an estimated initial investment of $208,635–$338,076 (2025 FDD, Item 7, PDF p. 18). This is the franchisor's disclosed estimate, not a quote. Details
- Does Eiffel Waffle disclose financial performance (Item 19)?
- No. The reviewed Eiffel Waffle FDD states that it does not make a financial performance representation in Item 19. Details
- How many Eiffel Waffle locations are there?
- The FDD reports 6 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 44). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $208,635 – $338,076 in the 2025 FDD (Item 7); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets held steady in 2024, to 6 (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
Total estimated initial investment
2025 FDD · Item 7 · PDF p. 18
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
56 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?
No financial performance representation in Item 19
The reviewed 2025 FDD for Eiffel Waffle has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2024 of each year.
2025 FDD · Item 20 · PDF p. 44
Net +3 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 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 2025 Item 7 estimate ($208,635 – $338,076) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Eiffel Waffle reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 6 to 6 in 2024. 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?
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 (2025 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 18
- [2]Outlet counts — Item 20, Table 1 · PDF p. 44
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | franchise fee | $23,889 |
| 2024 | total operating revenues | $23,889 |
| 2024 | cash and cash equivalents | $1,062 |
| 2024 | total current assets | $1,062 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $10,080 |
| 2024 | deferred franchise revenue, current portion | $25,500 |
| 2024 | total current liabilities | $35,580 |
| 2024 | total noncurrent liabilities | $30,611 |
| 2024 | total liabilities | $66,191 |
| 2024 | members' equity total members' deficit | -$65,129 |
| 2024 | total liabilities and members' deficit | $1,062 |
| 2024 | bank charges | $486 |
| 2024 | total operating expenses | $38,401 |
| 2024 | operating loss | -$14,512 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$14,512 |
| 2024 | member distributionsMore than one value recorded for this year — open the FDD source before comparing | -$93,717 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$14,512 |
| 2024 | cash flows from operating activities net loss | -$14,512 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $10,080 |
| 2024 | net cash provided by operating activities | $51,679 |
| 2024 | cash flows from financing activities member contributions | $43,100 |
| 2024 | member distributionsMore than one value recorded for this year — open the FDD source before comparing | -$93,717 |
| 2024 | net change in cash and cash equivalents | $1,062 |
| 2024 | total cash and cash equivalents | $1,062 |
| 2024 | members deficit | -$65,129 |
| 2024 | rent expense | $1,900 |
| 2024 | cash and cash equivalents at period end | $1,062 |
| 2024 | professional fees | $22,520 |
| 2024 | legal fees | $13,495 |
| 2024 | member contributions | $43,100 |
| 2024 | net cash used in financing activities | -$50,617 |
| 2024 | total assets | $1,062 |
| 2024 | deferred franchise revenue, net of current portion | $30,611 |
| 2024 | deferred franchise fee | $56,111 |
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.
Related research
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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. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2022 — End
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2022 — Start
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2023 — Start
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2023 — Net change
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2024 — Start
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2022 — Start
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2022 — Opened
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2022 — Sold to franchisee
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2023 — Opened
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2022 — End
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2024 — End
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2023 — End
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is a state-specific Item 20 row. Per the Item 20 rule, only national/systemwide Total rows are verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2023 — Sold to franchisee
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is a state-specific row (or an ownership-category table), not a national/systemwide Total row, so it is outside the permitted Item 20 verification scope.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2024 — Start
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is a state-specific Item 20 row. Per the Item 20 rule, only national/systemwide Total rows are verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2024 — End
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2023 — Closed
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2023 — Reacquired
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2022 — Closed
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2022 — Net change
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2022 — Reacquired
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2024 — Reacquired
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2023 — Start
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2024 — Sold to franchisee
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 44 · 2025 FDD
Our summary: Table 1 Affiliate-owned 2023 — End
“Company – Owned* 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 Total Outlets 2022 1 3 +2 2023 3 6 +3 2024 6 6 0 *Company-owned outlets are operated by affiliated entities. ”
Note: This is an affiliate-owned category row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2024 — Opened
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Item 20 · PDF p. 45 · 2025 FDD
Our summary: Table 4 Illinois 2024 — Closed
“Illinois 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 Total 2022 1 2 0 0 0 3 2023 3 3 0 0 0 6 2024 6 0 0 0 0 6 ”
Note: This is an Illinois state-specific affiliate-owned Item 20 row, not the national/systemwide Total row. Per the Item 20 rule, it cannot be verified.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.