Angelina Italian Bakery Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Angelina Italian Bakery is a bakery franchise serving artisan Italian breads, pastries, and baked goods. Franchisees run the bakeries, managing baking, retail sales, and customer service.
FranchiseVerdict summary · 2026
A Angelina Italian Bakery franchise requires a total initial investment of $516K – $1.9M, including a $50K franchise fee and an ongoing 5.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $516K – $1.9M
- 78th pct Service Resta…
- Avg gross sales
- N/A
- Incl. company outletsNet sales
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 9
- 35th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $516K – $1.9M including a $50K franchise fee, 5.0% ongoing royalty.
- RETURNSFY2025 Net Sales of the six Angelina Italian Bakery Stores open at least twelve months at fiscal year end - three affiliate-owned and three franchisee-owned, all in New York. Net Sales are all sales excluding sales taxes, gratuities, returns, allowances, discounts and any government grants or loans. The franchisor states the affiliate-owned Stores are not reasonably expected to differ from future franchisee-owned Store operations and pay the same royalty and marketing fund fees. The franchisor prints no average, median, high or low - all four are computed from the six disclosed per-Store figures. Note the pool is maturity-skewed: the three affiliate Stores opened 2019-2024 and the three franchisee Stores all opened in 2024; the franchisee-only average is $1,207,039 against the pooled $2,004,142.
- RISKVerdict B (Above average), verdict score 53/100 (higher is better).
- DATAItem 19 reports Net Sales (all sales excluding sales taxes, gratuities, returns, allowances, discounts, and government grants or loans) rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Angelina Franchising LLC
- Parent company
- None
- Ultimate parent
- Angelina TM Holdings Inc.
- CEO title
- President & Chief Executive Officer
- Tony Park
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NY
- HQ
- 41 West 35th Street, 2nd Floor, New York, New York 10001
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $392K
- vs $232K prior year
Overview
About
- CEO
- Tony Park
- Headquarters
- NY
- Founded
- 2021
- FDD year
- 2026
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 85% above the typical quick-service restaurants franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown22 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $50K | |
| Architectural Consulting Fee | $5K | $10K | |
| Construction Consulting Fee | $15K | $25K | |
| Design Services Fee | $15K | $25K | |
| Construction Management Fee | $0 | $84K | |
| Real Property | $20K | $60K | |
| Building Costs/Leasehold Improvements | $150K | $1.0M | |
| Equipment, Fixtures and Signs | $100K | $300K | |
| Smallwares | $15K | $25K | |
| Computer, POS and Security System | $13K | $30K | |
| Opening Inventory | $35K | $50K | |
| Opening Inventory - Product Delivery Fee | — | — | |
| Employee Uniforms | $2K | $3K | |
| Grand Opening Promotion | $25K | $35K | |
| Licenses, Permits, Fees and Deposits | $5K | $20K | |
| Miscellaneous Opening Expenses | $13K | $17K | |
| Insurance | $10K | $15K | |
| Attorneys' Fees and Business Consultants | $2K | $15K | |
| Initial Training Feenot refundable | $8K | $8K | |
| Personnel Training Feenot refundable | $8K | $8K | |
| Total initial investment | $516K | $1.9M |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $516K – $1.9M
- Bottom third — review vs category
- Liquid capital req'd
- $15K – $120K
- Top 40% of category vs category
- Franchise fee
- $50K – $50K
- Bottom third — review vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $300 |
| Training fee | $8K |
| Transfer fee | $25K |
| Renewal fee | $25K |
| Inventory (initial) | $35K – $50K |
| Total fee load | 7.0% of rev |
What do units actually make?
Source: FDD 2026 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Angelina Italian Bakery did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Angelina Italian Bakery unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
9%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
FY2025 Net Sales of the six Angelina Italian Bakery Stores open at least twelve months at fiscal year end - three affiliate-owned and three franchisee-owned, all in New York. Net Sales are all sales excluding sales taxes, gratuities, returns, allowances, discounts and any government grants or loans. The franchisor states the affiliate-owned Stores are not reasonably expected to differ from future franchisee-owned Store operations and pay the same royalty and marketing fund fees. The franchisor prints no average, median, high or low - all four are computed from the six disclosed per-Store figures. Note the pool is maturity-skewed: the three affiliate Stores opened 2019-2024 and the three franchisee Stores all opened in 2024; the franchisee-only average is $1,207,039 against the pooled $2,004,142.
Includes company-owned outlets
Reported as net sales, not gross sales
- Item 19 type
- Net Sales (all sales excluding sales taxes, gratuities, returns, allowances, discounts, and government grants or loans)
- Sample size
- 6
- vs category median 20 · small
- Range (low → high)
- $994K→$4.6M
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 782 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% (near the Quick-Service Restaurants average).
Disclosure
Item 19 reports Net Sales (all sales excluding sales taxes, gratuities, returns, allowances, discounts, and government grants or loans) rather than annual gross sales, so unit revenue is not directly comparable.
Operator retention
Net unit growth of +100.0% over 3 years (3 opened, 0 closed).
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Angelina Italian Bakery Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 9
- Opened
- 3
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 67%
- vs corporate-owned
- Net growth (3-yr)
- +100.0%
- Net unit change over 3 years
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 10
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
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 4 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 4
- Loan volume
- $5.4M
- Median loan
- $1.3M
- 50th percentile
- Charge-off rate
- N/A
- limited sample (4 loans) — rate not shown below 10
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
- N/A
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Angelina Italian Bakery presents meaningful risk due to undisclosed net income, going concern uncertainty, lack of territory protection, and unverified profitability at high investment levels.
Litigation (Item 3)
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
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 53 / 100 verdict
- 01HIGHGoing Concern status is False — indicates potential financial instability or undisclosed operational challenges at corporate level
- 02MINORNo protected territory — franchisees face direct competition from other Angelina locations and potential cannibalization within same market
- 03MINORHigh investment range ($515K–$1.9M) with unverified return metrics — ROI timeline and payback period unclear
- 04MINOROnly 9 units with 100% YoY growth is modest — suggests either very recent launch or slow, cautious expansion (maturity concerns or unit quality issues)
- 05MINOR10-year term locks franchisee into relationship with financially opaque franchisor
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 20 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 22 |
| Mandatory arbitration | No |
| Arbitration location | New York, New York |
| Jury trial waiver | No |
| Governing law | NY |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 254 hrs
- Training location
- Designated training facility and corporate store, New York, NY
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- Site selection
- Franchisee selects; franchisor approves
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
7 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Angelina Italian Bakery · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Angelina Italian Bakery franchise?
The total investment to open a Angelina Italian Bakery franchise ranges from $516K – $1.9M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Angelina Italian Bakery franchise owners earn?
Angelina Italian Bakery does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Angelina Italian Bakery FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Angelina Italian Bakery FDD and qualifies whose outlets they describe.
What is Angelina Italian Bakery's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Angelina Italian Bakery (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 Angelina Italian Bakery franchise locations are there?
As of their most recent FDD filing, Angelina Italian Bakery has 9 total units in the United States, including 6 franchised units and 3 company-owned units. 3 new units were opened in the latest reporting year.
Is Angelina Italian Bakery a good franchise to buy?
FranchiseVerdict rates Angelina Italian Bakery as a B-grade franchise with a verdict score of 53 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
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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.