Potbelly Sandwich Works
Franchise research report · reviewed 2026 disclosure data
Researching Potbelly Sandwich Works franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
- Franchising since
- 2009 Source: franchise.org
- Headquarters
- Chicago, IL United States Source: franchise.org
Potbelly Sandwich Works franchise specializes in toasted sandwiches, salads, and shakes served in a neighborhood café atmosphere with live music and vintage déc
Headline figures
Quick facts
- How much does it cost to open a Potbelly Sandwich Works franchise?
- The Potbelly Sandwich Works Franchise Disclosure Document reports an estimated initial investment of $628,938 (2026 FDD, Item 7, PDF p. 27). This is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Potbelly Sandwich Works charge?
- The disclosed ongoing royalty is $50 (2026 FDD, Item 6, PDF p. 17). The brand or advertising fund contribution is $3 (2026 FDD, Item 6, PDF p. 19). Other recurring fees are listed in Item 6. Details
- Does Potbelly Sandwich Works disclose financial performance (Item 19)?
- Yes. The Potbelly Sandwich Works FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 73). Figures apply only to the locations and period each one covers. Details
- How many Potbelly Sandwich Works locations are there?
- The FDD reports 940 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 75). 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 $628,938 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 55 separate groups: other measures for 270 Systemwide franchised+affiliate locations; other measures for 54 Systemwide franchised+affiliate locations; other measures for 415 Systemwide franchised+affiliate locations; other measures for 50 Systemwide franchised+affiliate locations; other measures for 73 Systemwide franchised+affiliate locations; other measures for 258 Systemwide franchised+affiliate locations; other measures for 11 Systemwide franchised+affiliate locations; other measures for 1 Systemwide franchised+affiliate locations; other measures for 8 Systemwide franchised+affiliate locations; other measures for 22 Systemwide franchised+affiliate locations; other measures for 262 Systemwide franchised+affiliate locations; other measures for 416 Systemwide franchised+affiliate locations; other measures for 72 Systemwide franchised+affiliate locations; other measures for 23 Systemwide franchised+affiliate locations; other measures for 98 Systemwide franchised+affiliate locations; other measures for 434 Systemwide franchised+affiliate locations; other measures for 119 Systemwide franchised+affiliate locations; other measures for 217 Systemwide franchised+affiliate locations; other measures for 60 Franchised locations; other measures for 97 Franchised locations; other measures for 22 Franchised locations; other measures for 48 Franchised locations; other measures for 8 Franchised locations; other measures for 2 Franchised locations; other measures for 6 Franchised locations; other measures for 78 Franchised locations; other measures for 5 Franchised locations; other measures for 76 Franchised locations; other measures for 7 Affiliate-owned locations; other measures for 5 Franchised locations; other measures for 19 Franchised locations; other measures for 337 Affiliate-owned locations; other measures for 53 Affiliate-owned locations; other measures for 2 Affiliate-owned locations; other measures for 1 Affiliate-owned locations; other measures for 19 Affiliate-owned locations; other measures for 45 Affiliate-owned locations; other measures for 210 Affiliate-owned locations; other measures for 212 Affiliate-owned locations; other measures for 44 Affiliate-owned locations; other measures for 6 Affiliate-owned locations; other measures for 20 Affiliate-owned locations; other measures for 46 Affiliate-owned locations; other measures for 340 Affiliate-owned locations; other measures for 12 Systemwide franchised+affiliate locations; other measures for 434 Systemwide franchised+affiliate locations; other measures for 21 Affiliate-owned locations; other measures for 2 Systemwide franchised+affiliate locations; other measures for 214 Affiliate-owned locations; other measures for 21 Systemwide franchised+affiliate locations; other measures for 2 Franchised locations; other measures for 46 Franchised locations; other measures for 54 Affiliate-owned locations; other measures for 75 Systemwide franchised+affiliate locations; other measures for Systemwide franchised+affiliate locations. They are not combined.
- 3Outlets grew by 52 in 2025, to 940 (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
2026 FDD · Item 7 · PDF p. 27
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- 000, (2) temporarily reduce the Royalty percentage payable for that Potbelly Shop by — 50%Main 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?
55 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 270 locations
- Who is counted
- Systemwide franchised+affiliate — Suburban
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 54 locations
- Who is counted
- Systemwide franchised+affiliate — Urban
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 415 locations
- Who is counted
- Systemwide franchised+affiliate — All Shops
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 50 locations
- Who is counted
- Systemwide franchised+affiliate — Urban
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 73 locations
- Who is counted
- Systemwide franchised+affiliate — CBD
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 258 locations
- Who is counted
- Systemwide franchised+affiliate — Suburban
- Period
- Min Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 11 locations
- Who is counted
- Systemwide franchised+affiliate — Airport
- Period
- Aboveaverage percent
- Method
- Sourceaboveaveragecounts/percentages;no recomputation;full12periods.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Systemwide franchised+affiliate — Kitchen
- Period
- Min Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Systemwide franchised+affiliate — Airport
- Period
- Aboveaverage percent
- Method
- Sourceaboveaveragecounts/percentages;no recomputation;full12periods.
Locations counted: not stated in the reviewed record
Other measures · 22 locations
- Who is counted
- Systemwide franchised+affiliate — University
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 262 locations
- Who is counted
- Systemwide franchised+affiliate — Suburban
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 416 locations
- Who is counted
- Systemwide franchised+affiliate — All Shops
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 72 locations
- Who is counted
- Systemwide franchised+affiliate — CBD
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 23 locations
- Who is counted
- Systemwide franchised+affiliate — University
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 98 locations
- Who is counted
- Systemwide franchised+affiliate — $500K-$1000K
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 434 locations
- Who is counted
- Systemwide franchised+affiliate — Total
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 119 locations
- Who is counted
- Systemwide franchised+affiliate — >$1500K
- Period
- Min Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 217 locations
- Who is counted
- Systemwide franchised+affiliate — $1000K-$1500K
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 60 locations
- Who is counted
- Franchised — Suburban
- Period
- Aboveaverage percent
- Method
- Sourceaboveaveragecounts/percentages;no recomputation;full12periods.
Locations counted: not stated in the reviewed record
Other measures · 97 locations
- Who is counted
- Franchised — All Shops
- Period
- Min Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 22 locations
- Who is counted
- Franchised — CBD
- Period
- Aboveaverage count
- Method
- Sourceaboveaveragecounts/percentages;no recomputation;full12periods.
Locations counted: not stated in the reviewed record
Other measures · 48 locations
- Who is counted
- Franchised — Suburban
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Franchised — Urban
- Period
- Aboveaverage count
- Method
- Sourceaboveaveragecounts/percentages;no recomputation;full12periods.
Locations counted: not stated in the reviewed record
Other measures · 2 locations
- Who is counted
- Franchised — University
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 6 locations
- Who is counted
- Franchised — Urban
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 78 locations
- Who is counted
- Franchised — All Shops
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 5 locations
- Who is counted
- Franchised — Airport
- Period
- Average Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 76 locations
- Who is counted
- Franchised — All Shops
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 7 locations
- Who is counted
- Affiliate-owned — Airport
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 5 locations
- Who is counted
- Franchised — Urban
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 19 locations
- Who is counted
- Franchised — CBD
- Period
- Aboveaverage percent
- Method
- Sourceaboveaveragecounts/percentages;no recomputation;full12periods.
Locations counted: not stated in the reviewed record
Other measures · 337 locations
- Who is counted
- Affiliate-owned — All Shops
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 53 locations
- Who is counted
- Affiliate-owned — CBD
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 2 locations
- Who is counted
- Affiliate-owned — Kitchen
- Period
- Average Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Affiliate-owned — Kitchen
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 19 locations
- Who is counted
- Affiliate-owned — University
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 45 locations
- Who is counted
- Affiliate-owned — Urban
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 210 locations
- Who is counted
- Affiliate-owned — Suburban
- Period
- Min Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 212 locations
- Who is counted
- Affiliate-owned — Suburban
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 44 locations
- Who is counted
- Affiliate-owned — Urban
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 6 locations
- Who is counted
- Affiliate-owned — Airport
- Period
- Min Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 20 locations
- Who is counted
- Affiliate-owned — University
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 46 locations
- Who is counted
- Affiliate-owned — Urban
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 340 locations
- Who is counted
- Affiliate-owned — All Shops
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 12 locations
- Who is counted
- Systemwide franchised+affiliate — Airport
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 434 locations
- Who is counted
- Systemwide franchised+affiliate — All Shops
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 21 locations
- Who is counted
- Affiliate-owned — University
- Period
- Max Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 2 locations
- Who is counted
- Systemwide franchised+affiliate — Kitchen
- Period
- Average Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 214 locations
- Who is counted
- Affiliate-owned — Suburban
- Period
- Average Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 21 locations
- Who is counted
- Systemwide franchised+affiliate — University
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 2 locations
- Who is counted
- Franchised — Airport
- Period
- Median Unit Volume
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 46 locations
- Who is counted
- Franchised — Suburban
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 54 locations
- Who is counted
- Affiliate-owned — CBD
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures · 75 locations
- Who is counted
- Systemwide franchised+affiliate — CBD
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Systemwide franchised+affiliate — <$500K
- Period
- Shop Count
- Excluded
- Insufficienthistoryexcluded;noclosures<12months;N/Aomitted.
- Method
- Unaudited;full12periods;nontraditionalUniversity/Airport/Kitchenseparate;unitvolumevaluesasstateddespiteintroreferringweekly;notprofit. Revenuebandsseparate. 2025franchise119yearend/97included,24excluded22opened2closed;affiliate348yearend/337included12excluded9opened2partialclosure1sold.
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. 75
Net +90 outlets, 2023–2025
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 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 ($628,938) 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 888 to 940 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]Estimated initial investment — Item 7 · PDF p. 27
- [2]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Suburban · PDF p. 73
- [3]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Urban · PDF p. 73
- [4]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — All Shops · PDF p. 73
- [5]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Urban · PDF p. 73; PDF p. 74
- [6]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — CBD · PDF p. 73
- [7]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Suburban · PDF p. 73
- [8]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Airport · PDF p. 73
- [9]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Kitchen · PDF p. 73; PDF p. 74
- [10]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Airport · PDF p. 74
- [11]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — University · PDF p. 73
- [12]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Suburban · PDF p. 74
- [13]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — All Shops · PDF p. 74
- [14]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — CBD · PDF p. 74
- [15]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — University · PDF p. 74
- [16]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — $500K-$1000K · PDF p. 74
- [17]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Total · PDF p. 74
- [18]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — >$1500K · PDF p. 74
- [19]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — $1000K-$1500K · PDF p. 74
- [20]Item 19 — Locations counted not stated in the reviewed record — Franchised — Suburban · PDF p. 70
- [21]Item 19 — Locations counted not stated in the reviewed record — Franchised — All Shops · PDF p. 70
- [22]Item 19 — Locations counted not stated in the reviewed record — Franchised — CBD · PDF p. 70
- [23]Item 19 — Locations counted not stated in the reviewed record — Franchised — Suburban · PDF p. 71
- [24]Item 19 — Locations counted not stated in the reviewed record — Franchised — Urban · PDF p. 70
- [25]Item 19 — Locations counted not stated in the reviewed record — Franchised — University · PDF p. 71; PDF p. 70
- [26]Item 19 — Locations counted not stated in the reviewed record — Franchised — Urban · PDF p. 71
- [27]Item 19 — Locations counted not stated in the reviewed record — Franchised — All Shops · PDF p. 71
- [28]Item 19 — Locations counted not stated in the reviewed record — Franchised — Airport · PDF p. 70; PDF p. 71
- [29]Item 19 — Locations counted not stated in the reviewed record — Franchised — All Shops · PDF p. 71
- [30]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Airport · PDF p. 72
- [31]Item 19 — Locations counted not stated in the reviewed record — Franchised — Urban · PDF p. 71
- [32]Item 19 — Locations counted not stated in the reviewed record — Franchised — CBD · PDF p. 71
- [33]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — All Shops · PDF p. 72
- [34]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — CBD · PDF p. 72; PDF p. 73
- [35]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Kitchen · PDF p. 72
- [36]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Kitchen · PDF p. 72; PDF p. 73
- [37]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — University · PDF p. 72
- [38]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Urban · PDF p. 73
- [39]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Suburban · PDF p. 72
- [40]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Suburban · PDF p. 72
- [41]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Urban · PDF p. 72
- [42]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Airport · PDF p. 72; PDF p. 73
- [43]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — University · PDF p. 72
- [44]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Urban · PDF p. 72
- [45]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — All Shops · PDF p. 73
- [46]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Airport · PDF p. 73
- [47]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — All Shops · PDF p. 73
- [48]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — University · PDF p. 73
- [49]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — Kitchen · PDF p. 73
- [50]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — Suburban · PDF p. 73
- [51]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — University · PDF p. 73
- [52]Item 19 — Locations counted not stated in the reviewed record — Franchised — Airport · PDF p. 71
- [53]Item 19 — Locations counted not stated in the reviewed record — Franchised — Suburban · PDF p. 71
- [54]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned — CBD · PDF p. 72
- [55]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — CBD · PDF p. 73
- [56]Item 19 — Locations counted not stated in the reviewed record — Systemwide franchised+affiliate — <$500K · PDF p. 74
- [57]Outlet counts — Item 20, Table 1 · PDF p. 75
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
149 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 |
|---|---|---|
| 2025 | due from potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | $66,000 |
| 2025 | franchise royalties and other fees | $1,356,000 |
| 2025 | other long-term receivables | $60,000 |
| 2025 | initial franchise fees | $72,000 |
| 2025 | net cash | -$256,000 |
| 2025 | goodwill, net | $52,292,000 |
| 2025 | deferred revenue | $412,000 |
| 2025 | accumulated | -$2,531,000 |
| 2025 | deferred contract costsMore than one value recorded for this year — open the FDD source before comparing | -$104,000 |
| 2025 | total revenues | $1,533,000 |
| 2025 | due from potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | $66,000 |
| 2025 | netMore than one value recorded for this year — open the FDD source before comparing | -$256,000 |
| 2025 | accounts receivable | $816,000 |
| 2025 | total current assets | $882,000 |
| 2025 | deferred contract costsMore than one value recorded for this year — open the FDD source before comparing | $104,000 |
| 2025 | contract intangible, net | $64,216,000 |
| 2025 | total noncurrent assets | $116,672,000 |
| 2025 | total assets | $117,554,000 |
| 2025 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | $1,007,000 |
| 2025 | total current liabilities | $1,421,000 |
| 2025 | total noncurrent liabilities | $8,397,000 |
| 2025 | member's equity investment from hero franchising, inc | $110,267,000 |
| 2025 | total member's equity | $107,736,000 |
| 2025 | total liabilities and member's equity | $117,554,000 |
| 2025 | shared service fee | $105,000 |
| 2025 | general and administrative expenses | $2,318,000 |
| 2025 | amortization | $1,746,000 |
| 2025 | netMore than one value recorded for this year — open the FDD source before comparing | -$2,531,000 |
| 2025 | netMore than one value recorded for this year — open the FDD source before comparing | -$2,531,000 |
| 2025 | receivables | -$178,000 |
| 2025 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | $333,000 |
| 2025 | cash and cash equivalents, beginning of period | $256,000 |
| 2024 | total assets | $19,170,000 |
| 2024 | accrued expenses | $166,000 |
| 2024 | receivablesMore than one value recorded for this year — open the FDD source before comparing | -$168,000 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $1,129,000 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $2,451,000 |
| 2024 | deferred contract costsMore than one value recorded for this year — open the FDD source before comparing | -$212,000 |
| 2024 | general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing | $3,383,000 |
| 2024 | receivablesMore than one value recorded for this year — open the FDD source before comparing | -$230,000 |
| 2024 | total noncurrent liabilities | $6,884,000 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $4,271,000 |
| 2024 | deferred contract costsMore than one value recorded for this year — open the FDD source before comparing | -$249,000 |
| 2024 | due from potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | $2,410,000 |
| 2024 | cash | $205,000 |
| 2024 | accounts receivable | $468,000 |
| 2024 | due from potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | $2,608,000 |
| 2024 | cash concentration receivable | $14,749,000 |
| 2024 | total current assets | $18,030,000 |
| 2024 | deferred contract costsMore than one value recorded for this year — open the FDD source before comparing | $1,140,000 |
| 2024 | total noncurrent assets | $1,140,000 |
| 2024 | total current liabilities | $386,000 |
| 2024 | accumulated | $11,900,000 |
| 2024 | total member's equity | $11,900,000 |
| 2024 | total liabilities and member's equity | $19,170,000 |
| 2024 | franchise royalties and other feesMore than one value recorded for this year — open the FDD source before comparing | $5,885,000 |
| 2024 | franchise royalties and other feesMore than one value recorded for this year — open the FDD source before comparing | $5,517,000 |
| 2024 | initial franchise feesMore than one value recorded for this year — open the FDD source before comparing | $395,000 |
| 2024 | initial franchise feesMore than one value recorded for this year — open the FDD source before comparing | $339,000 |
| 2024 | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $6,280,000 |
| 2024 | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $5,856,000 |
| 2024 | general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing | $3,175,000 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $3,105,000 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $2,473,000 |
| 2024 | interest incomeMore than one value recorded for this year — open the FDD source before comparing | $1,248,000 |
| 2024 | interest incomeMore than one value recorded for this year — open the FDD source before comparing | $1,798,000 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $4,353,000 |
| 2024 | due from potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | -$2,608,000 |
| 2024 | due to potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | $1,548,000 |
| 2024 | due to potbelly sandwich works, llcMore than one value recorded for this year — open the FDD source before comparing | -$4,759,000 |
| 2024 | net cashMore than one value recorded for this year — open the FDD source before comparing | $9,127,000 |
| 2024 | net cashMore than one value recorded for this year — open the FDD source before comparing | -$1,025,000 |
| 2024 | net change in cash concentration receivableMore than one value recorded for this year — open the FDD source before comparing | -$9,076,000 |
| 2024 | net change in cash concentration receivableMore than one value recorded for this year — open the FDD source before comparing | $1,093,000 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $51,000 |
| 2024 | netMore than one value recorded for this year — open the FDD source before comparing | $68,000 |
| 2024 | cash and cash equivalents, beginning of periodMore than one value recorded for this year — open the FDD source before comparing | $205,000 |
| 2024 | cash and cash equivalents, beginning of periodMore than one value recorded for this year — open the FDD source before comparing | $137,000 |
| 2024 | cash and cash equivalents, end of periodMore than one value recorded for this year — open the FDD source before comparing | $256,000 |
| 2024 | cash and cash equivalents, end of periodMore than one value recorded for this year — open the FDD source before comparing | $205,000 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $1,576,000 |
| 2023 | general and administrative expenses | $2,518,000 |
| 2023 | deferred revenue | $2,969,000 |
| 2023 | cash and cash equivalents, beginning of period | $75,000 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $2,217,000 |
| 2023 | deferred contract costs | -$928,000 |
| 2023 | receivables | -$90,000 |
| 2023 | franchise royalties and other fees | $3,874,000 |
| 2023 | initial franchise fees | $220,000 |
| 2023 | total revenues | $4,094,000 |
| 2023 | interest income | $641,000 |
| 2023 | due from potbelly sandwich works, llc | $15,242,000 |
| 2023 | net cash | $19,410,000 |
| 2023 | net change in cash concentration receivable | -$13,848,000 |
| 2023 | payment of dividends | -$5,500,000 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $62,000 |
| 2023 | cash and cash equivalents, end of period | $137,000 |
| — | deferred revenue, currentMore than one value recorded for this year — open the FDD source before comparing | $414,000 |
| — | deferred revenue, noncurrentMore than one value recorded for this year — open the FDD source before comparing | $8,397,000 |
| — | deferred revenue, currentMore than one value recorded for this year — open the FDD source before comparing | $386,000 |
| — | deferred revenue, noncurrentMore than one value recorded for this year — open the FDD source before comparing | $6,884,000 |
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.
Head-to-head comparisons
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.