AmorinoFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Amorino franchise requires a total initial investment of $107K – $981K, including a $30K franchise fee. Per the 2025 FDD, average unit revenue was $1.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $107K – $981K
- 10th pct Service Resta…
- Avg gross sales
- $1.1M
- 37th pct Service Resta…
- Royalty
- N/A
- Units
- 22
- 48th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 22 to 16 over 3 years. Investigate why operators are leaving.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
24% cash-on-cash return (based on P&L Bottom Line). Within the 15-30% range most franchise investors consider acceptable.
Bottom line
- Total investment $107K – $981K including a $30K franchise fee.
- Average unit revenue of $1.1M/year (median $970K), with an estimated 24% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 30/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- CPUSA, LLC
- Parent company
- Amorino USA Corp.
- Ultimate parent
- CPH, SAS
- CEO title
- Chief Executive Officer
- Erwan De Guichen
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 251 Little Falls Drive, Wilmington, Delaware 19808
- Auditor
- WBL CPAs + Advisors
- Audited financials
- Franchisor revenue
- $19K
- vs $37K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Amorino franchisees operate premium gelato and Italian dessert shops, handling daily operations including product preparation, customer service, inventory management, and point-of-sale transactions. Franchisees manage staffing, marketing, and local regulatory compliance while operating from company-approved locations with branded storefronts and standardized menu offerings.
- CEO
- Erwan De Guichen
- Headquarters
- DE
- Founded
- 2020
- FDD year
- 2025
- States available
- 10
FDD Item 7 · 2025 filing · 33 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (Traditional Store) | $30K | $30K | |
| Architect's Fees, Engineer's Fees, Permits (Traditional Store) | $15K | $45K | |
| Legal Fees (Traditional Store) | $3K | $12K | |
| Real Property: Lease Security Deposit and Utility Deposits (Traditional Store) | $5K | $45K | |
| Leasehold Improvements: Construction, Remodeling, Alterations and Decorating (Traditional Store) | $140K | $400K | |
| Furniture, Equipment, Casework, and Restaurant Supplies (Traditional Store) | $125K | $195K | |
| Freight, Duties, Storage and Delivery (Traditional Store) | $10K | $15K | |
| P.O.S. Systems (Traditional Store) | $2K | $3K | |
| Inventory to begin Operating (Traditional Store) | $20K | $70K | |
| Signage (Traditional Store) | $15K | $30K | |
| Store Opening Promotional Fee (Traditional Store) | $5K | $5K | |
| Store Opening Assistance / Initial Training (Traditional Store) | $4K | $7K | |
| Additional Funds - 3 Months (Traditional Store) | $65K | $125K | |
| Initial Franchise Fee (Kiosk Outlet) | $30K | $30K | |
| Architect's Fees, Engineer's Fees, Permits (Kiosk Outlet) | $4K | $5K | |
| Legal Fees (Kiosk Outlet) | $3K | $12K | |
| Real Property: Lease Security Deposit and Utility Deposits (Kiosk Outlet) | $5K | $60K | |
| Leasehold Improvements: Construction, Remodeling, Alterations and Decorating (Kiosk Outlet) | $5K | $100K | |
| Furniture, Equipment, Casework, and Restaurant Supplies (Kiosk Outlet) | $60K | $150K | |
| Freight, Duties, Storage and Delivery (Kiosk Outlet) | $10K | $15K | |
| Total initial investment | $674K | $1.6M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$145K
13.0% margin
Unlevered ROIC
24%
EBITDA / total invested capital
Payback
4.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $107K – $981K
- Better than avg vs category
- Liquid capital req'd
- $21K – $125K
- Near category avg vs category
- Franchise fee
- $30K – $30K
- Better than avg vs category
- Royalty
- None
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 33.0%
- vs 9–13% typical
- Payback period
- 4.3 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $30 |
| Training fee | $400 |
| Transfer fee | $1K |
| Renewal fee | $25 |
| Total fee load | 33.0% of rev |
At 33.0% total fee load, roughly $368K per year goes to the franchisor before you pay a single operating expense.
Financial Performance
- Avg gross sales
- $1.1M
- Per unit, per year
- Median gross sales
- $970K
- Avg p&l bottom line
- $128K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 23.5%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- net_sales
- Sample size
- 18 units
- vs category median 28
- Range (low → high)
- $545K→$2.4M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Amorino Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 22
- Opened
- 4
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 7.1%
- Net growth (yr3)
- +22.2%
- Net unit change last year
- 3-yr CAGR
- +37.5%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 10
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 9 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 9
- Loan volume
- $3.5M
- Median loan
- $386K
- average
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 6
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Amorino presents moderate-to-caution risk due to recent litigation alleging fraud, unverified financial claims, modest growth on small unit base, and high investment relative to reported returns.
Litigation (Item 3)
Capernaum Capital, LLC (New Orleans franchisee) filed lawsuit against Minus Zero4 F, LLC, Amorino Trading, LLC, Filippo Saccani, and Luigi Caroggio in U.S. District Court, Eastern District of Louisiana (Case No. 22-5271) on December 13, 2022. Claims included rescission, fraudulent misrepresentation, negligent misrepresentation, NY Franchise Sales Act violation, Louisiana Unfair Trade Practices violation, breach of contract, and promissory estoppel. Case settled February 16, 2023; plaintiff dismissed with prejudice February 24, 2023. Settlement terms: franchisee paid $16,906.06 owed, franchise agreement and non-compete terminated, mutual releases exchanged. CPUSA LLC was not named as defendant.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · WBL CPAs + Advisors⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 30 / 100 rating
- 01HIGHLitigation history: December 2022 lawsuit alleging fraudulent misrepresentation and breach of contract, settled with franchisee paying $16,906 and terminating agreement — suggests potential disclosure or operational issues
- 02MINORHigh investment ceiling ($980,500) combined with modest average net income ($127,849) yields concerning 7.6-year payback period at upper range, increasing financial risk exposure
- 03MEDModest unit growth (22.2% YoY) on small base (22 units) indicates early-stage franchise system with limited operating history and scale; growth rate may not be sustainable
- 04MINORNo royalty model creates unclear franchisor revenue stream and potential incentive misalignment between franchisor support and franchisee success
- 05MINORItem 19 (financial performance representation) absence prevents verification of claimed average revenue/net income figures across entire franchisee population
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius/Area |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 0.5 mi |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 3 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 20 days |
| Mandatory arbitration | Yes |
| Arbitration location | New York County, New York |
| Jury trial waiver | Yes |
| Governing law | Delaware |
| Litigation count | 1 |
View Item 3 litigation summary
Capernaum Capital, LLC (New Orleans franchisee) filed lawsuit against Minus Zero4 F, LLC, Amorino Trading, LLC, Filippo Saccani, and Luigi Caroggio in U.S. District Court, Eastern District of Louisiana (Case No. 22-5271) on December 13, 2022. Claims included rescission, fraudulent misrepresentation, negligent misrepresentation, NY Franchise Sales Act violation, Louisiana Unfair Trade Practices violation, breach of contract, and promissory estoppel. Case settled February 16, 2023; plaintiff dismissed with prejudice February 24, 2023. Settlement terms: franchisee paid $16,906.06 owed, franchise agreement and non-compete terminated, mutual releases exchanged. CPUSA LLC was not named as defendant.
Items 10, 11
Training & Operations
- Classroom training
- 22 hrs
- On-the-job training
- 38 hrs
- Training location
- Paris, France headquarters and franchisee's store
- Ongoing training
- Required
- Field support
- 45 hrs/yr
- On-site visits per year
- POS system
- Square
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square
Item 20 · call current owners
Franchisee Contacts
11 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Amorino · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Amorino franchise?
The total investment to open a Amorino franchise ranges from $107K – $981K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Amorino franchise owners earn?
According to Item 19 of the Amorino FDD, the average gross sales per unit is $1.1M. The median is $970K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Amorino's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Amorino (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Amorino franchise locations are there?
As of their most recent FDD filing, Amorino has 22 total units in the United States, including 22 franchised units and 0 company-owned units. 4 new units were opened in the latest reporting year.
Is Amorino a good franchise to buy?
FranchiseVerdict rates Amorino as a A-grade franchise with a risk score of 30 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.