Franopolis

    Newks Eatery

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources

    Newk’s Eatery is a fast-casual restaurant serving sandwiches, salads, soups, wraps, pizza, and other prepared meals. Customers order at the counter for dine-in, pickup, or delivery, and the brand also offers catering for groups.

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    Headline figures

    Newks Eatery quick facts

    Is Newks Eatery a franchise?
    Yes. Newks Eatery offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 97 outlets in total (2026 FDD, Item 20, PDF p. 68).
    How much does it cost to open a Newks Eatery franchise?
    The Newks Eatery Franchise Disclosure Document reports an estimated initial investment of $927,500–$1,323,350 (2026 FDD, Item 7, PDF p. 23). This is the franchisor's disclosed estimate, not a quote. Details
    What is the Newks Eatery initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $20,000 (2026 FDD, Item 5, PDF p. 15). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    Does Newks Eatery disclose financial performance (Item 19)?
    Yes. The Newks Eatery FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 63). Figures apply only to the locations and period each one covers. Details
    How many Newks Eatery locations are there?
    The FDD reports 97 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 68). Existing locations do not indicate territory availability. Details
    Is Newks Eatery a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 lists every recurring fee beyond royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

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

    What the disclosures show

    1. 1Opening costs are estimated at $927,500 – $1,323,350 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 28 separate groups: other measures for 9 Company-owned locations; other measures for 9 Company-owned locations; other measures for 20 Franchised locations; other measures for 9 Company-owned locations; other measures for 27 Company-owned locations; other measures for 21 Franchised locations; other measures for 9 Company-owned locations; other measures for 20 Franchised locations; other measures for 61 Franchised locations; other measures for 20 Franchised locations; other measures for 21 Franchised locations; other measures for 9 Company-owned locations; other measures for 29 Company-owned and franchised locations; other measures for 29 Company-owned and franchised locations; other measures for 88 Company-owned and franchised locations; other measures for 30 Company-owned and franchised locations; other measures for 9 Company-owned locations; other measures for 27 Company-owned locations; other measures for Company-owned locations; other measures for Company-owned locations; other measures for Company-owned locations; other measures for Company-owned locations; other measures for Company-owned locations; EBITDA for 27 Company-owned locations; other measures for 27 Company-owned locations; other measures for 27 Company-owned locations; other measures for 61 Franchised locations; other measures for 88 Company-owned and franchised locations. They are not combined.
    3. 3Outlets grew by 2 in 2025, to 97 (United States, as labeled in the FDD, Item 20).

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

    Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    Newks Eatery head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    Newks EateryVSLittle Caesars
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    Newks EateryVSWingstop
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    Newks EateryVSSubway
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    Newks EateryVSFive Guys
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    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

    2026 FDD · Item 7 · PDF p. 23

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 15
    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.

    34 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?

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

    9 locations

    Other measures · 9 locations

    Who is counted
    27 company-owned Covered Restaurants; Mid-Level 33%
    Period
    Cost of Goods Sold amount
    Excluded
    Franchised restaurants excluded; labor excludes field supervision; EBITDA excludes interest, debt service, tax, depreciation and amortization.
    Method
    Unaudited uniform accounting consistent with audited financials. Food includes packaging; occupancy includes rent/property taxes/property and general liability insurance.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

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

    2026 FDD · Item 20 · PDF p. 68

    Net +0 outlets, 2023–2025

    0972023952024972025−2+2

    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 ($927,500 – $1,323,350) 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 95 to 97 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]Estimated initial investment — Item 7 · PDF p. 23
    2. [2]Standard initial franchise fee — Item 5 · PDF p. 15
    3. [3]Item 19 — Locations counted not stated in the reviewed record — 27 company-owned Covered Restaurants; Mid-Level 33% · PDF p. 63
    4. [4]Item 19 — Locations counted not stated in the reviewed record — 27 Covered Restaurants; Lower 33% · PDF p. 63
    5. [5]Item 19 — Locations counted not stated in the reviewed record — 61 Covered Restaurants; Upper 33% · PDF p. 66
    6. [6]Item 19 — Locations counted not stated in the reviewed record — 27 Covered Restaurants; Mid-Level 33% · PDF p. 63
    7. [7]Item 19 — Locations counted not stated in the reviewed record — 27 Covered Restaurants; Median · PDF p. 63
    8. [8]Item 19 — Locations counted not stated in the reviewed record — 61 Covered Restaurants; Mid-Level 33% · PDF p. 66
    9. [9]Item 19 — Locations counted not stated in the reviewed record — 27 Covered Restaurants; Upper 33% · PDF p. 63
    10. [10]Item 19 — Locations counted not stated in the reviewed record — 61 Covered Restaurants; Lower 33% · PDF p. 66
    11. [11]Item 19 — Locations counted not stated in the reviewed record — 61 Covered Restaurants; Median · PDF p. 66
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Franchised Covered Restaurants; Note 1 states 60 while Table 3 reports Total 61… · PDF p. 66
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Franchised Covered Restaurants; Note 1 states 60 while Table 3 reports Total 61… · PDF p. 66
    14. [14]Item 19 — Locations counted not stated in the reviewed record — 27 company-owned Covered Restaurants; Upper 33% · PDF p. 63
    15. [15]Item 19 — Locations counted not stated in the reviewed record — 88 Covered Restaurants; Upper 33% · PDF p. 67
    16. [16]Item 19 — Locations counted not stated in the reviewed record — 88 Covered Restaurants; Lower 33% · PDF p. 67
    17. [17]Item 19 — Locations counted not stated in the reviewed record — 88 Covered Restaurants; Median · PDF p. 67
    18. [18]Item 19 — Locations counted not stated in the reviewed record — 88 Covered Restaurants; Mid-Level 33% · PDF p. 67
    19. [19]Item 19 — Locations counted not stated in the reviewed record — 27 company-owned Covered Restaurants; Lower 33% · PDF p. 63
    20. [20]Item 19 — Locations counted not stated in the reviewed record — 27 company-owned Covered Restaurants; Median · PDF p. 63
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Total 100% · PDF p. 63
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Upper 33% · PDF p. 63
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Mid-Level 33% · PDF p. 63
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Lower 33% · PDF p. 63
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Median · PDF p. 63
    26. [26]Item 19 — Locations counted not stated in the reviewed record · PDF p. 65
    27. [27]Item 19 — Locations counted not stated in the reviewed record — 27 company-owned Covered Restaurants; Total 100% · PDF p. 63
    28. [28]Item 19 — Locations counted not stated in the reviewed record — 27 Covered Restaurants; Total 100% · PDF p. 63
    29. [29]Item 19 — Locations counted not stated in the reviewed record — 61 Covered Restaurants; Total 100% · PDF p. 66
    30. [30]Item 19 — Locations counted not stated in the reviewed record — 88 Covered Restaurants; Total 100% · PDF p. 67
    31. [31]Outlet counts — Item 20, Table 1 · PDF p. 68

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

    Territory & operations

    66 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
    2025accounts receivable$1,799,470
    2025inventoriesMore than one value recorded for this year — open the FDD source before comparing$590,724
    2025total current assets$9,539,814
    2025right-of-use assets$14,703,613
    2025other$188,221
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$2,501,440
    2025current portion of unearned franchise revenue and customer loyalty obligation$591,146
    2025gift cards payable, netMore than one value recorded for this year — open the FDD source before comparing$728,484
    2025long-term debt, net of current portion and unamortized debt issuance costs$26,659,549
    2025operating lease obligations$11,769,418
    2025total noncurrent liabilities$39,457,696
    2025member’s deficit-$18,518,061

    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, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Little CaesarsWingstopSubwayFive GuysSonic Drive-InTaco Bell Corp.

    Head-to-head comparisons

    Newks Eatery vs Little CaesarsNewks Eatery vs WingstopNewks Eatery vs SubwayNewks Eatery vs Five GuysNewks Eatery vs Sonic Drive-InNewks Eatery vs Taco Bell Corp.
    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

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

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