Franopolis
    GM

    Green Mill Restaurants

    Franchise research report · reviewed 2025 disclosure data

    Researching Green Mill Restaurants franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Green Mill Restaurants franchise specializes in casual dining with a focus on pizza, pasta, and classic American fare served in a relaxed neighborhood atmospher

    Headline figures

    Quick facts

    How much does it cost to open a Green Mill Restaurants franchise?
    The Green Mill Restaurants Franchise Disclosure Document reports separate estimated initial investments by format: $55,000 for initial investment — $55000 (2025 FDD, Item 7, PDF p. 14); $90,000 for initial investment — $90000 (2025 FDD, Item 7, PDF p. 14); $900,000 for initial investment — $900000 (2025 FDD, Item 7, PDF p. 14); $35,000 for initial investment — $35000 (2025 FDD, Item 7, PDF p. 14); $25,000 for initial investment — $25000 (2025 FDD, Item 7, PDF p. 15); $10,000 for initial investment — $10000 (2025 FDD, Item 7, PDF p. 15); $4,000 for initial investment — $4000 (2025 FDD, Item 7, PDF p. 15); $1,200 for initial investment — $1200 (2025 FDD, Item 7, PDF p. 15); $15,000–$17,000 for initial investment — $15000 (2025 FDD, Item 7, PDF p. 15); $10,000–$1,200,000 for initial investment — $10000 (2025 FDD, Item 7, PDF p. 15); $900,000–$1,200,000 for initial investment — $900000 (2025 FDD, Item 7, PDF p. 15); $38,400 for initial investment — $38400 (2025 FDD, Item 7, PDF p. 16); $50,000 for initial investment — $50000 (2025 FDD, Item 7, PDF p. 16); $1,681,800 for initial investment — $1681800 (2025 FDD, Item 7, PDF p. 15); $0–$20,000 for initial investment — $0 (2025 FDD, Item 7, PDF p. 14); $450,000 for initial investment — $450000 (2025 FDD, Item 7, PDF p. 14); $1,600 for initial investment — $1600 (2025 FDD, Item 7, PDF p. 15); $4–$7 for initial investment — 3.99% (2025 FDD, Item 7, PDF p. 16); $10,000–$20,000 for initial investment — $10000 (2025 FDD, Item 7, PDF p. 14); $2,500 for initial investment — $2500 (2025 FDD, Item 7, PDF p. 16). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    Does Green Mill Restaurants disclose financial performance (Item 19)?
    No. The reviewed Green Mill Restaurants FDD states that it does not make a financial performance representation in Item 19. Details
    How many Green Mill Restaurants locations are there?
    The FDD reports 14 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 40). Existing locations do not indicate territory availability. Details

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

    What the disclosures show

    1. 1The 2025 FDD (Item 7) estimates opening costs separately by format: $55,000 (Initial investment — $55000); $90,000 (Initial investment — $90000); $900,000 (Initial investment — $900000); $35,000 (Initial investment — $35000); $25,000 (Initial investment — $25000); $10,000 (Initial investment — $10000); $4,000 (Initial investment — $4000); $1,200 (Initial investment — $1200); $15,000 – $17,000 (Initial investment — $15000); $10,000 – $1,200,000 (Initial investment — $10000); $900,000 – $1,200,000 (Initial investment — $900000); $38,400 (Initial investment — $38400); $50,000 (Initial investment — $50000); $1,681,800 (Initial investment — $1681800); $0 – $20,000 (Initial investment — $0); $450,000 (Initial investment — $450000); $1,600 (Initial investment — $1600); $4 – $7 (Initial investment — 3.99%); $10,000 – $20,000 (Initial investment — $10000); $2,500 (Initial investment — $2500); several initial fee options apply.
    2. 2The franchisor makes no financial performance representation in Item 19.
    3. 3Outlets held steady in 2024, to 14 (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 20 single-unit formats

    2025 FDD · Item 7

    Formats disclosed in Item 7 (20)

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

    • Initial investment — $0PDF p. 14$0 – $20,000
    • Initial investment — 3.99%PDF p. 16$4 – $7
    • Initial investment — $1200PDF p. 15$1,200
    • Initial investment — $1600PDF p. 15$1,600
    • Initial investment — $2500PDF p. 16$2,500
    • Initial investment — $4000PDF p. 15$4,000
    • Initial investment — $10000PDF p. 15$10,000
    • Initial investment — $10000PDF p. 15$10,000 – $1,200,000
    • Initial investment — $10000PDF p. 14$10,000 – $20,000
    • Initial investment — $15000PDF p. 15$15,000 – $17,000
    • Initial investment — $25000PDF p. 15$25,000
    • Initial investment — $35000PDF p. 14$35,000
    • Initial investment — $38400PDF p. 16$38,400
    • Initial investment — $50000PDF p. 16$50,000
    • Initial investment — $55000PDF p. 14$55,000
    • Initial investment — $90000PDF p. 14$90,000
    • Initial investment — $450000PDF p. 14$450,000
    • Initial investment — $900000PDF p. 14$900,000
    • Initial investment — $900000PDF p. 15$900,000 – $1,200,000
    • Initial investment — $1681800PDF p. 15$1,681,800

    Ongoing Fees — Item 6

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

    27 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 Green Mill Restaurants 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. 40

    Net −3 outlets, 2022–2024

    0172022162023142024−1−2

    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 ($0 – $1,681,800) vary most by market, and why?

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

    • Green Mill Restaurants reports no financial performance figures in Item 19. What information can you share about unit-level results?

    • Reported units went from 14 to 14 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. [1]Outlet counts — Item 20, Table 1 · PDF p. 40

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

    Territory & operations

    15 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 yearMeasureReported value
    2024management fees$132,499
    2024ad council assets$346,515
    2024prepaid expense$21,225
    2024property and equipment office equipment and furniture$50,000
    2024other assets goodwill - net$1,785,000
    2024intangible assets, net$104,215
    2024right of use assets - operating$1,191,052
    2024cash value of life insurance$343,169
    2024total assets$4,609,852
    2024current portion of lease liability - operating$67,242
    2024accounts payable - tradeMore than one value recorded for this year — open the FDD source before comparing$4,618
    2024due to related partiesMore than one value recorded for this year — open the FDD source before comparing$124,921
    2024ad council liabilities$410,536
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$66,554
    2024long-term lease liability - operating$1,154,779
    2024total long-term liabilities$1,575,465
    2024members' equity$3,191,092
    2024retained deficit-$881,306
    2024total owners' equity$2,310,456
    2024total liabilities and owners' equity$4,609,852
    2024administrative allowance$1,008,291
    2024operating expenses$2,484,664
    2024other income-$89,614
    2024total other expense-$53,276
    2024cash flows from operating activities net income$119,228
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$264,957
    2024noncash lease expense$8,175
    2024net increase in cash value of life insurance-$149,872
    2024due from related partiesMore than one value recorded for this year — open the FDD source before comparing-$43,517
    2024accounts payable - tradeMore than one value recorded for this year — open the FDD source before comparing-$1,896
    2024ad councilMore than one value recorded for this year — open the FDD source before comparing$36,486
    2024licensing fees payableMore than one value recorded for this year — open the FDD source before comparing-$23,458
    2024net cash provided by operating activities$346,932
    2024cash flows from financing activities payments on long-term debt-$2,416,976
    2024contributed capital$1,623,540
    2024distributions paid to members-$450,000
    2024net cash used by financing activities-$1,243,436
    2024net increase-$895,654
    2024supplemental disclosure of cash flow information cash paid during the year for interest$89,614
    2024salaries$904,585
    2024payroll taxes$60,531
    2024employee benefits$166,292
    2024advertising and promotion$467,695
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$265,000
    2024meeting expense$203
    2024menu development$20,996
    2024office expense$25,038
    2024office supplies$1,735
    2024repairs and maintenance$8,800
    2024telephone$9,624
    2024training$20,578
    2024travel$14,222
    2024vehicle expense$37,995
    2024bad debt expense$826
    2024accounts receivable including related parties$260,874
    2024total current liabilities$723,931
    2024licensing fees$288,692
    2024owners' equity common stock$670
    2024accumulated depreciation-$50,000
    2024due from related partiesMore than one value recorded for this year — open the FDD source before comparing$280,135
    2024ad councilMore than one value recorded for this year — open the FDD source before comparing-$77,258
    2024rent$100,575
    2024deferred compensationMore than one value recorded for this year — open the FDD source before comparing$157,900
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$350
    2024total liabilities$2,299,396
    2024revenues royalty and franchise fees$1,516,378
    2024total revenues$2,657,168
    2024net income$119,228
    2024assets current assets cash and cash equivalents$277,667
    2024licensing fees payableMore than one value recorded for this year — open the FDD source before comparing$50,060
    2024total operating expenses$2,484,664
    2024total current assets$1,186,416
    2024total other assets$3,423,436
    2024deferred compensationMore than one value recorded for this year — open the FDD source before comparing$392,702
    2024due to related partiesMore than one value recorded for this year — open the FDD source before comparing-$31,337
    2024cash flows from investing activities payments received on notes receivable$850
    2024deferred franchise fees$27,984
    2024insurance$29,150
    2024income from operations$172,504
    2024interest income$36,338
    2024deferred franchise fee amortization-$13,549
    2024accounts receivable$97,952
    2024prepaid expenses$2,771
    2024cash and cash equivalents - end of year$277,667
    2024legal and accounting$62,127
    2024cash and cash equivalents - beginning of year$1,173,321
    2023assets current assets cash and cash equivalents$1,173,321
    2023ad council assets$269,257
    2023prepaid expense$23,996
    2023total current assets$2,062,868
    2023property and equipment office equipment and furniture$50,000
    2023accumulated depreciation-$50,000
    2023other assets goodwill - net$2,040,000
    2023cash value of life insurance$193,297
    2023total other assets$3,610,128
    2023total assets$5,672,996
    2023current portion of lease liability - operating$63,432
    2023due to related partiesMore than one value recorded for this year — open the FDD source before comparing$156,258
    2023licensing fees payableMore than one value recorded for this year — open the FDD source before comparing$73,518
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$66,204
    2023total current liabilities$922,976
    2023long-term liabilities long-term debt$2,233,976
    2023deferred franchise fees$41,533
    2023total liabilities$4,655,308
    2023owners' equity common stock$670
    2023members' equity$1,567,552
    2023retained deficit-$550,534
    2023total liabilities and owners' equity$5,672,996
    2023revenues royalty and franchise fees$1,646,381
    2023administrative allowance$1,010,146
    2023training fees and miscellaneous-$301
    2023total revenues$2,757,226
    2023operating expenses$2,480,812
    2023income from operations$276,414
    2023other income-$98,474
    2023interest income$32,234
    2023net income$210,174
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$264,996
    2023noncash lease expense$10,347
    2023deferred franchise fee amortization-$8,900
    2023net increase in cash value of life insurance-$183,290
    2023deferred compensationMore than one value recorded for this year — open the FDD source before comparing$224,795
    2023accounts receivable-$4,416
    2023ad councilMore than one value recorded for this year — open the FDD source before comparing-$20,428
    2023due from related partiesMore than one value recorded for this year — open the FDD source before comparing-$2,025
    2023prepaid expenses$2,330
    2023ad councilMore than one value recorded for this year — open the FDD source before comparing$48,617
    2023licensing fees payableMore than one value recorded for this year — open the FDD source before comparing-$15,512
    2023due to related partiesMore than one value recorded for this year — open the FDD source before comparing$17,500
    2023net cash provided by operating activities$532,627
    2023cash flows from financing activities payments on long-term debt-$174,696
    2023net cash used by financing activities-$424,696
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$264,996
    2023cash and cash equivalents - beginning of year$1,065,390
    2023cash and cash equivalents - end of year$1,173,321
    2023supplemental disclosure of cash flow information cash paid during the year for interest$98,474
    2023payroll taxes$55,348
    2023advertising and promotion$477,893
    2023insurance$31,200
    2023legal and accounting$60,526
    2023licensing fees$330,737
    2023meeting expense$1,935
    2023menu development$25,465
    2023office expense$17,218
    2023rent$100,575
    2023training$13,204
    2023vehicle expense$33,329
    2023total operating expenses$2,480,812
    2023accounts receivable including related parties$358,826
    2023deferred compensationMore than one value recorded for this year — open the FDD source before comparing$234,802
    2023management fees$101,000
    2023liabilities and owners' equity current liabilities current maturities of long-term debt$183,000
    2023accounts payable - tradeMore than one value recorded for this year — open the FDD source before comparing$6,514
    2023telephone$9,919
    2023total owners' equity$1,017,688
    2023ad council liabilities$374,050
    2023total long-term liabilities$3,732,332
    2023total other expense-$66,240
    2023due from related partiesMore than one value recorded for this year — open the FDD source before comparing$236,618
    2023right of use assets - operating$1,262,659
    2023notes receivable$850
    2023long-term lease liability - operating$1,222,021
    2023cash flows from operating activities net income$210,174
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$7,559
    2023office supplies$2,873
    2023distributions paid to members-$250,000
    2023net increase$107,931
    2023employee benefits$173,566
    2023repairs and maintenance$7,709
    2023accounts payable - tradeMore than one value recorded for this year — open the FDD source before comparing-$4,002
    2023recruitment$6,623
    2023travel$5,286
    2023salaries$862,410
    2023intangible assets, net$114,172

    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

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    BWBuffalo Wild WingsEggs Up GrillElmer’s Breakfast*Lunch*DinnerIHOP and International House of PancakesThe Melting Pot Restaurants, Inc.7 BREW

    Head-to-head comparisons

    Green Mill Restaurants vs Buffalo Wild WingsGreen Mill Restaurants vs Eggs Up GrillGreen Mill Restaurants vs Elmer’s Breakfast*Lunch*Dinner
    Compare reviewed facts

    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. 40 · 2025 FDD

      Our summary: Table 1 Franchised 2022 — Start

      “Franchised 2022 18 17 - 1 2023 17 16 - 1 2024 14 1 4 - 1 Company-Owned 202 2 0 0 0 202 3 0 0 0 202 4 0 0 0 2022 18 18 0 2023 17 16 -1 Total 2024 14 14 -1 ”

      Note: This is a state-specific or Franchised ownership row, not a national/systemwide Total row, which is the required scope for Item 20 checks.

    • Item 20 · PDF p. 40 · 2025 FDD

      Our summary: Table 1 Franchised 2023 — End

      “Franchised 2022 18 17 - 1 2023 17 16 - 1 2024 14 1 4 - 1 Company-Owned 202 2 0 0 0 202 3 0 0 0 202 4 0 0 0 2022 18 18 0 2023 17 16 -1 Total 2024 14 14 -1 ”

      Note: This is a Franchised ownership row, not the national/systemwide Total row required for Item 20 checks.

    • Item 20 · PDF p. 40 · 2025 FDD

      Our summary: Table 1 Franchised 2022 — End

      “Franchised 2022 18 17 - 1 2023 17 16 - 1 2024 14 1 4 - 1 Company-Owned 202 2 0 0 0 202 3 0 0 0 202 4 0 0 0 2022 18 18 0 2023 17 16 -1 Total 2024 14 14 -1 ”

      Note: This claim is a Franchised or state-specific Item 20 row; the review scope is national/systemwide Total rows only.

    • Item 20 · PDF p. 40 · 2025 FDD

      Our summary: Table 1 Franchised 2023 — Start

      “Franchised 2022 18 17 - 1 2023 17 16 - 1 2024 14 1 4 - 1 Company-Owned 202 2 0 0 0 202 3 0 0 0 202 4 0 0 0 2022 18 18 0 2023 17 16 -1 Total 2024 14 14 -1 ”

      Note: This is a Franchised ownership row, not the national/systemwide Total row required for Item 20 checks.

    • Item 20 · PDF p. 40 · 2025 FDD

      Our summary: Table 1 Franchised 2024 — Start

      “Franchised 2022 18 17 - 1 2023 17 16 - 1 2024 14 1 4 - 1 Company-Owned 202 2 0 0 0 202 3 0 0 0 202 4 0 0 0 2022 18 18 0 2023 17 16 -1 Total 2024 14 14 -1 ”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    • Item 20 · PDF p. 40 · 2025 FDD

      Our summary: Table 1 Franchised 2024 — End

      “Franchised 2022 18 17 - 1 2023 17 16 - 1 2024 14 1 4 - 1 Company-Owned 202 2 0 0 0 202 3 0 0 0 202 4 0 0 0 2022 18 18 0 2023 17 16 -1 Total 2024 14 14 -1 ”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

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