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    Lees Famous Recipe

    Franchise research report · reviewed 2026 disclosure data

    Researching Lees Famous Recipe franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Lee's Famous Recipe® franchise specializes in Southern-style fried chicken and comfort food, building on decades of tradition with its signature recipes and fam

    Headline figures

    Quick facts

    How much does it cost to open a Lees Famous Recipe franchise?
    The Lees Famous Recipe Franchise Disclosure Document reports separate estimated initial investments by format: $1,340,600–$1,447,400 for newtotalinvestment (2026 FDD, Item 7, PDF p. 23); $640,600–$1,447,400 for existingtotalinvestment (2026 FDD, Item 7, PDF p. 23). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Lees Famous Recipe charge?
    The disclosed ongoing royalty is $5 (2026 FDD, Item 6, PDF p. 19). The brand or advertising fund contribution is $1 (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
    Does Lees Famous Recipe disclose financial performance (Item 19)?
    Yes. The Lees Famous Recipe FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 62). Figures apply only to the locations and period each one covers. Details
    How many Lees Famous Recipe locations are there?
    The FDD reports 127 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 71). Existing locations do not indicate territory availability. Details

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

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $1,340,600 – $1,447,400 (Newtotalinvestment); $640,600 – $1,447,400 (Existingtotalinvestment); several initial fee options apply.
    2. 2Item 19 covers 9 separate groups: other measures for 30 Affiliate-owned franchise-adjusted locations; other measures for 30 Affiliate-owned franchise-adjusted locations; other measures for 30 Affiliate-owned franchise-adjusted locations; other measures for 10 Affiliate-owned franchise-adjusted locations; other measures for 10 Affiliate-owned franchise-adjusted locations; other measures for 10 Affiliate-owned franchise-adjusted locations; other measures for 10 Affiliate-owned franchise-adjusted locations; other measures for 10 Affiliate-owned franchise-adjusted locations; other measures for 10 Affiliate-owned franchise-adjusted locations. They are not combined.
    3. 3Outlets grew by 1 in 2025, to 127 (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.

    • ExistingtotalinvestmentPDF p. 23$640,600 – $1,447,400
    • NewtotalinvestmentPDF p. 23$1,340,600 – $1,447,400

    Ongoing Fees — Item 6

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

    RoyaltyMain ongoing fee

    65 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?

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

    Locations counted: not stated in the reviewed record

    Other measures · 30 locations

    Who is counted
    Affiliate-owned Lee’s Famous Recipe locations open and operated in 2025; Part I
    Period
    Gross Sales median
    Excluded
    Of 35 affiliate-owned locations, 5 were excluded: 2 non-traditional locations and 3 remodeled locations with operational disruption or temporary closure. The data also excludes 3 franchised locations operating in Canada.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 30 locations

    Who is counted
    All30 affiliate locations groupedbygrosssales
    Period
    COGS median
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 30 locations

    Who is counted
    All30affiliate locations; sourceaverageattainmentlabel notexplicitmetric, narrativeattainmentEBITDAR
    Period
    summary Highest Gross Sales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Topthird10 affiliate locations groupedbygrosssales
    Period
    Gross Sales averagepercentgrosssales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Topthird10affiliate locations; sourceaverageattainmentlabel notexplicitmetric, narrativeattainmentEBITDAR
    Period
    summary Highest Gross Sales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Middlethird10 affiliate locations groupedbygrosssales
    Period
    Gross Sales averagepercentgrosssales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Middlethird10affiliate locations; sourceaverageattainmentlabel notexplicitmetric, narrativeattainmentEBITDAR
    Period
    summary Highest Gross Sales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Bottomthird10 affiliate locations groupedbygrosssales
    Period
    Gross Sales averagepercentgrosssales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Bottomthird10affiliate locations; sourceaverageattainmentlabel notexplicitmetric, narrativeattainmentEBITDAR
    Period
    summary Average Gross Sales
    Excluded
    5of35affiliateexcluded:2nontraditional3remodeled/disrupted. Canadian3excluded; franchise/licenseoperatingresultsnotPartI.
    Method
    Affiliateactual adjusted franchiseCOGSmarkup Shift4bankcosts insurance payrollprocessing royalty5%marketing3%localad. Grosssalesincluncollectedinsuranceproceeds;excludessalestax. Laborincludesstorebenefitstaxes notowner/supervisorypay. Occupancyremovesrent. EBITDARexcludesrentinteresttaxdepreciationamortizationdebtserviceabove-storeG&A; notnetprofit.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025-12-31 of each year.

    2026 FDD · Item 20 · PDF p. 71

    Net +4 outlets, 2023–2025

    0123202312620241272025+3+1

    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 ($640,600 – $1,447,400) 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 126 to 127 in 2025. How many new units opened, closed or changed hands?

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

    For current and former owners

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

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

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

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

    For your advisors

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

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

    Sources & vintage history

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

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned Lee’s Famous Recipe locations open and operated in 2025; Part I · PDF p. 62
    2. [2]Item 19 — Locations counted not stated in the reviewed record — All30 affiliate locations groupedbygrosssales · PDF p. 62
    3. [3]Item 19 — Locations counted not stated in the reviewed record — All30affiliate locations; sourceaverageattainmentlabel notexplicitmetric, narra… · PDF p. 62
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Topthird10 affiliate locations groupedbygrosssales · PDF p. 63
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Topthird10affiliate locations; sourceaverageattainmentlabel notexplicitmetric,… · PDF p. 63
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Middlethird10 affiliate locations groupedbygrosssales · PDF p. 64
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Middlethird10affiliate locations; sourceaverageattainmentlabel notexplicitmetri… · PDF p. 64
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Bottomthird10 affiliate locations groupedbygrosssales · PDF p. 65
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Bottomthird10affiliate locations; sourceaverageattainmentlabel notexplicitmetri… · PDF p. 65
    10. [10]Outlet counts — Item 20, Table 1 · PDF p. 71

    "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 yearMeasureReported value
    2025payment of contingent consideration liability-$275,040
    2025royalties receivable$135,585
    2025due from related partyMore than one value recorded for this year — open the FDD source before comparing$3,497
    2025other receivablesMore than one value recorded for this year — open the FDD source before comparing$49,217
    2025inventoryMore than one value recorded for this year — open the FDD source before comparing$919,893
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$278,811
    2025property and equipment, net$22,196,382
    2025conversion incentive, net$556,146
    2025right of use assets, operating$12,968,915
    2025deferred tax asset$288,000
    2025goodwill, net$23,546,381
    2025other intangible assets, net$17,000
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$1,960,683
    2025taxes payableMore than one value recorded for this year — open the FDD source before comparing$105,341
    2025current portion of operating lease liabilities$1,504,087
    2025current portion of deferred revenue$330,326
    2025total current liabilities$5,530,052
    2025notes payable, less current portion$41,400,000
    2025operating lease liabilities, less current portion$11,987,321
    2025contingent consideration liability, less current portion$79,898
    2025total liabilities$58,997,271
    2025additional paid-in capital$11,998,011
    2025accumulated deficit-$402,799
    2025total stockholders' equity$11,597,201
    2025total liabilities and stockholders' equity$70,594,472
    2025royalties$1,539,085
    2025sales by company-operated restaurants$68,066,818
    2025total revenue$85,989,037
    2025proprietary products$11,452,090
    2025payroll$21,014,909
    2025other cost of sales$1,886,737
    2025total cost of sales$59,040,051
    2025gross profit$26,948,986
    2025operating income$4,006,945
    2025miscellaneous income$475,256
    2025change in fair value of contingent considerationMore than one value recorded for this year — open the FDD source before comparing-$124,553
    2025loss on extinguishment of debt-$443,939
    2025income$447,507
    2025income tax benefit-$209,951
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$237,556
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$237,556
    2025change in fair value of contingent considerationMore than one value recorded for this year — open the FDD source before comparing$124,553
    2025gain on sale of equipment$750
    2025amortization of right of use asset in excess of rent paid$75,385
    2025deferred income taxes-$37,000
    2025other receivablesMore than one value recorded for this year — open the FDD source before comparing-$30,310
    2025inventoryMore than one value recorded for this year — open the FDD source before comparing-$59,312
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing-$276,336
    2025accrued payroll and compensated absencesMore than one value recorded for this year — open the FDD source before comparing$137,596
    2025taxes payableMore than one value recorded for this year — open the FDD source before comparing-$348,955
    2025other-$644
    2025net cash provided by operating activities$4,883,041
    2025proceeds from disposal of property and equipment$4,500
    2025due from related partyMore than one value recorded for this year — open the FDD source before comparing-$650
    2025purchase of property and equipment-$4,070,802
    2025principal payments on notes payable-$7,210,812
    2025net increase$953,559
    2025contingent consideration issued in acquisitions$125,000
    2025cash and cash equivalents at beginning of year$7,015,558
    2025proceeds from notes payable$10,000,000
    2025net cash provided by$2,789,188
    2025right of use assets obtained in exchange for operating lease liabilities in acquisitions$309,970
    2025cash and cash equivalents at end of year$7,969,117
    2025right of use assets obtained in exchange for operating lease liabilities$436,322
    2025cash paid for income taxes$562,846
    2025cash paid for interest$3,856,202
    2025net cash used in investing activities-$6,718,670
    2025total assets$70,594,472
    2025cash and cash equivalents$7,969,117
    2025total other assets$37,376,442
    2025total other expenses, net-$3,559,438
    2025accrued payroll and compensated absencesMore than one value recorded for this year — open the FDD source before comparing$660,178
    2025current portion of contingent consideration liability$269,437
    2025total current assets$11,021,648
    2025change in - royalties receivable-$2,128
    2025proprietary product sales and allowances receivableMore than one value recorded for this year — open the FDD source before comparing$1,593,068
    2025other current assetsMore than one value recorded for this year — open the FDD source before comparing$72,460
    2025franchise, license, and development fees$130,227
    2025preferred stock$1,989
    2025cash paid in owensboro transaction, net of cash acquired-$2,376,678
    2025deferred revenue$49,334
    2025current portion of notes payable$700,000
    2025general and administrative expenses$22,942,041
    2025total long-term liabilities$53,467,219
    2025company-operated restaurant expenses - food and paper$24,686,315
    2025proprietary product revenue$16,252,907
    2025administrative service income$390,000
    2025interest expense-$3,856,202
    2025depreciation and amortization$4,549,812
    2025proprietary product sales and allowances receivableMore than one value recorded for this year — open the FDD source before comparing$713,344
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$215,512
    2025other current assetsMore than one value recorded for this year — open the FDD source before comparing-$35,092
    2024cash and cash equivalents$7,015,558
    2024royalties receivable$133,457
    2024proprietary product sales and allowances receivableMore than one value recorded for this year — open the FDD source before comparing$2,306,412
    2024due from related partyMore than one value recorded for this year — open the FDD source before comparing$2,847
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$842,927
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$63,299
    2024total current assets$10,420,775
    2024property and equipment, net$18,473,180
    2024right of use assets, operating$12,661,559
    2024goodwill, net$25,216,941
    2024other intangible assets, net$20,330
    2024total assets$67,631,181
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$2,219,365
    2024accrued payroll and compensated absencesMore than one value recorded for this year — open the FDD source before comparing$522,582
    2024taxes payableMore than one value recorded for this year — open the FDD source before comparing$454,296
    2024current portion of notes payable$799,979
    2024current portion of deferred revenue$214,959
    2024total current liabilities$6,067,698
    2024notes payable, less current portion$38,510,833
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$66,033
    2024contingent consideration liability, less current portion$5,453
    2024total long-term liabilities$50,203,838
    2024total liabilities$56,271,536
    2024additional paid-in capital$11,998,011
    2024accumulated deficit-$640,355
    2024total stockholders' equity$11,359,645
    2024total liabilities and stockholders' equity$67,631,181
    2024royalties$1,447,477
    2024franchise, license, and development fees$111,044
    2024total revenue$72,925,993
    2024company-operated restaurant expenses - food and paper$21,163,542
    2024payroll$16,414,987
    2024other cost of sales$1,551,510
    2024gross profit$22,365,397
    2024operating income$2,819,090
    2024administrative service income$360,000
    2024interest expense-$3,811,339
    2024total other expenses, net-$2,890,419
    2024income tax benefit$25,671
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing-$45,658
    2024amortization of right of use asset in excess of rent paid$338,343
    2024deferred income taxes-$167,000
    2024proprietary product sales and allowances receivableMore than one value recorded for this year — open the FDD source before comparing-$256,040
    2024other receivablesMore than one value recorded for this year — open the FDD source before comparing$16,128
    2024inventoryMore than one value recorded for this year — open the FDD source before comparing$109,892
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$53,964
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$931,067
    2024taxes payableMore than one value recorded for this year — open the FDD source before comparing$289,630
    2024other$12,314
    2024due from related partyMore than one value recorded for this year — open the FDD source before comparing-$2,847
    2024louis transaction, net of cash acquired-$11,688,017
    2024purchase of conversion incentive asset-$325,000
    2024net cash used in investing activities-$13,436,878
    2024principal payments on notes payable-$783,128
    2024net cash provided by$8,216,872
    2024cash and cash equivalents at end of year$7,015,558
    2024payment of contingent consideration liability-$406,379
    2024proceeds from notes payable$9,000,000
    2024net increase$91,762
    2024contingent consideration issued in acquisitions$94,838
    2024cash paid for interest$3,811,339
    2024cash and cash equivalents at beginning of year$6,923,796
    2024right of use assets obtained in exchange for operating lease liabilities in acquisitions$9,545,474
    2024right of use assets obtained in exchange for operating lease liabilities$22,574
    2024cash paid for income taxes$60,805
    2024deferred tax asset$251,000
    2024other receivablesMore than one value recorded for this year — open the FDD source before comparing$18,907
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$37,368
    2024operating lease liabilities, less current portion$11,621,519
    2024depreciation and amortization$3,902,066
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$68,834
    2024purchase of property and equipment-$639,635
    2024proprietary product revenue$16,076,534
    2024general and administrative expenses$19,546,307
    2024proprietary products$11,430,557
    2024current portion of operating lease liabilities$1,487,148
    2024preferred stock$1,989
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$15,840
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing-$45,658
    2024conversion incentive, net$587,396
    2024total other assets$38,737,226
    2024sales by company-operated restaurants$55,290,938
    2024income-$71,329
    2024current portion of contingent consideration liability$369,369
    2024change in - royalties receivable$8,368
    2024miscellaneous income$560,920
    2024cash paid in cynthiana transaction, net of cash acquired-$375,000
    2024accrued payroll and compensated absencesMore than one value recorded for this year — open the FDD source before comparing$279,616
    2024net cash provided by operating activities$5,311,768
    2024total cost of sales$50,560,596
    2023net cash used in investing activities-$6,155,528
    2023principal payments on notes payable-$94,059
    2023net increase-$2,347,475
    2023royalties$1,191,981
    2023franchise, license, and development fees$67,273
    2023sales by company-operated restaurants$34,149,941
    2023total revenue$50,474,396
    2023company-operated restaurant expenses - food and paper$13,368,651
    2023other cost of sales$961,896
    2023total cost of sales$35,193,291
    2023general and administrative expenses$12,389,179
    2023operating income$2,891,926
    2023administrative service income$360,000
    2023miscellaneous income$228,227
    2023total other expenses, net-$2,510,908
    2023income$381,018
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$244,996
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$244,996
    2023depreciation and amortization$2,994,576
    2023deferred income taxes$136,000
    2023change in - royalties receivable$18,188
    2023proprietary product sales and allowances receivable-$412,895
    2023inventory-$1,588
    2023other current assets-$32,544
    2023accounts payable$605,538
    2023accrued payroll and compensated absences$143,594
    2023taxes payable$32,992
    2023deferred revenue$115,548
    2023net cash provided by operating activities$3,902,112
    2023principal payments received on notes receivable$1,898
    2023purchase of property and equipment-$294,686
    2023wayne transaction, net of cash acquired-$4,446,000
    2023cash paid in sanford transaction, net of cash acquired-$810,310
    2023purchase of conversion incentive asset-$100,000
    2023cash and cash equivalents at beginning of year$9,271,271
    2023payment of contingent consideration liability-$506,430
    2023net cash provided by-$94,059
    2023contingent consideration issued in acquisitions$271,693
    2023cash and cash equivalents at end of year$6,923,796
    2023cash paid for interest$3,099,135
    2023income tax benefit-$136,022
    2023other receivables-$4,129
    2023proprietary product revenue$15,065,201
    2023amortization of right of use asset in excess of rent paid$55,708
    2023prepaid expenses$6,128
    2023proprietary products$10,942,167
    2023interest expense-$3,099,135
    2023payroll$9,920,577
    2023gross profit$15,281,105

    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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    Head-to-head comparisons

    Lees Famous Recipe vs Brixx Wood Fired PizzaLees Famous Recipe vs Advanced Fresh ConceptsLees Famous Recipe vs Aloha Poke Co
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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. 72 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — nonrenewals

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 72 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — terminations

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 72 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — reacquired

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 72 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — otherceased

      “2025 1 0 0 0 0 0 1”

      Note: The full cited page confirms this state-level Item 20 figure, but the review scope allows verification only from national/systemwide Total rows.

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