Angelina Italian BakeryFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. Per the 2026 FDD, average unit revenue was $2.0M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $516K – $1.9M
- 83rd pct Service Resta…
- Avg gross sales
- $2.0M
- 53rd pct Service Resta…
- Royalty
- 5.0%
- 13th pct Service Resta…
- Units
- 9
- 33rd pct Service Resta…
- SBA default
- N/A
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
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Franchised units fell from 6 to 0 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $516K – $1.9M including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $2.0M/year (median $1.3M).
- Verdict A (Top Quintile) with a risk score of 37/100.
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- ANGELINA FRANCHISING LLC
- Ultimate parent
- Angelina TM Holdings Inc.
- CEO title
- Owner and President
- 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
- $232K
- vs $392K prior year
Overview
About
Angelina Italian Bakery franchisees operate artisanal Italian bakery retail locations, managing daily production of breads, pastries, and baked goods, staffing a small team, handling inventory and supplier relationships, and serving walk-in and wholesale customers. Day-to-day operations include baking, customer service, point-of-sale management, food safety compliance, and local marketing.
- CEO
- Tony Park
- Headquarters
- NY
- Founded
- 2021
- FDD year
- 2026
- States available
- 2
FDD Item 7 · 2026 filing · 22 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.
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
$301K
15.0% margin
Unlevered ROIC
23%
EBITDA / total invested capital
Payback
4.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $516K – $1.9M
- Below avg, review vs category
- Liquid capital req'd
- $15K – $120K
- Better than avg vs category
- Franchise fee
- $50K – $50K
- Below avg, review vs category
- Royalty
- 5.0%
- percentage_of_gross · 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 |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $2.0M
- Per unit, per year
- Median gross sales
- $1.3M
- Item 19 type
- net_sales
- Sample size
- 6 units
- vs category median 28 · small
- Range (low → high)
- $994K→$4.6M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Angelina Italian Bakery Compares
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 (yr3)
- +100.0%
- Net unit change last year
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 · 5 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 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
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
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Angelina Italian Bakery's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 3-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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 is required to be disclosed in this Item.
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: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 37 / 100 rating
- 01HIGHGoing Concern status is False — indicates potential financial instability or undisclosed operational challenges at corporate level
- 02MEDNet Income not disclosed — inability to verify actual profitability; average revenue of $2M does not guarantee positive returns after 5% royalties, COGS, labor, and rent
- 03MINORNo protected territory — franchisees face direct competition from other Angelina locations and potential cannibalization within same market
- 04MINORHigh investment range ($515K–$1.9M) with unverified return metrics — ROI timeline and payback period unclear
- 05MINOROnly 9 units with 100% YoY growth is modest — suggests either very recent launch or slow, cautious expansion (maturity concerns or unit quality issues)
- 06MINOR10-year term locks franchisee into relationship with financially opaque franchisor
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 |
| 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 |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in this Item.
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 254 hrs
- Training location
- On-site and corporate
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
12 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?
According to Item 19 of the Angelina Italian Bakery FDD, the average gross sales per unit is $2.0M. The median is $1.3M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 A-grade franchise with a risk score of 37 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.