Apna Bazar Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Apna Bazar is an ethnic grocery franchise operating South Asian and international supermarkets. Franchisees run the stores, managing specialty grocery inventory, staffing, and customer service.
FranchiseVerdict summary · 2026
A Apna Bazar franchise requires a total initial investment of $1.5M – $6.6M, including a $100K franchise fee. The 2022 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2022 FDD issuance
Overview
- Investment
- $1.5M – $6.6M
- 11th pct Food Retail
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 17
- 4th pct Food Retail
- SBA charge-off
- N/A
Quick verdict · Food Retail · color = vs category peers
Green = favorable by >10% vs Food Retail 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 $1.5M – $6.6M including a $100K franchise fee.
- RETURNSNo Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- RISKVerdict C (Average), verdict score 45/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Apna Franchise LLC
- Ultimate parent
- Apna Holding, LLC
- CEO title
- Member and Manager
- Jaswinder Singh
- CEO experience
- 26 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NY
- HQ
- 70 Somerset Ave, Hicksville, NY 11801
- Auditor
- Kalianna Lakshmanan CPA PC
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
- CEO
- Jaswinder Singh
- Headquarters
- NY
- Founded
- 2020
- FDD year
- 2022
- States available
- 5
Can you afford it, and what does the money buy?
Entry cost runs 377% above the typical food retail franchise.
Source: FDD 2022 · Items 5–7
Full Item 7 breakdown28 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (Small Store)not refundable | $100K | $100K | |
| Initial Training Program (Small Store)not refundable | $5K | $5K | |
| Real Property (Small Store)not refundable | — | — | |
| Equipment, Fixtures, Construction, Leasehold Improvements & Decorating (Small Store)not refundable | $390K | $900K | |
| Computer and Point of Sale System (Small Store)not refundable | $40K | $100K | |
| Initial Inventory of Proprietary Products (Small Store)not refundable | $500K | $500K | |
| Initial Inventory of Non-Proprietary Products (Small Store)not refundable | $40K | $80K | |
| Security Deposits, Utility Deposits, Business Licenses & Other Prepaid Expenses (Small Store)not refundable | $115K | $225K | |
| Organizational Expense (Small Store)not refundable | $25K | $50K | |
| Uniforms (Small Store)not refundable | $5K | $8K | |
| Signs (Small Store)not refundable | $35K | $55K | |
| Insurance (Small Store)not refundable | $25K | $50K | |
| Opening Advertising (Small Store)not refundable | $20K | $70K | |
| Additional Funds - 3 Months (Small Store)not refundable | $200K | $1.0M | |
| Initial Franchise Fee (Large Store)not refundable | $100K | $100K | |
| Initial Training Program (Large Store)not refundable | $5K | $5K | |
| Real Property (Large Store)not refundable | — | — | |
| Equipment, Fixtures, Construction, Leasehold Improvements & Decorating (Large Store)not refundable | $1.2M | $2.5M | |
| Computer and Point of Sale System (Large Store)not refundable | $120K | $300K | |
| Initial Inventory of Proprietary Products (Large Store)not refundable | $1.5M | $1.5M | |
| Total initial investment | $5.3M | $9.7M |
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
- $1.5M – $6.6M
- Top 40% of category vs category
- Liquid capital req'd
- $200K – $1.0M
- Top 40% of category vs category
- Franchise fee
- $100K – $100K
- Top 40% of category vs category
- Royalty
- Greater of $5,000 or 2.5% of Gross Revenues, payable monthly
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 4.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 2.0% of gross sales |
| Training fee | $5K |
| Transfer fee | $50 |
| Renewal fee | $50 |
| Inventory (initial) | $540K – $1.8M |
| Total fee load | 4.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Apna Bazar 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 Apna Bazar unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
1%
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: 2022 FDD
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
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 4.5% — below the Food Retail average of 9.2%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 33.3% CAGR over 3 years across 17 units — operators are staying and new ones are joining.
Multi-unit rate
Only 10% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
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 Food Retail averages
How Apna Bazar Compares
Is the system healthy?
Source: FDD 2022 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 17
- Opened
- 0
- 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
- 9
- Corporate units in the system
- % franchised
- 47%
- vs corporate-owned
- Multi-unit owners
- 10.0%
- Net growth (3-yr)
- +33.3%
- Net unit change over 3 years
- 3-yr CAGR
- +33.3%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
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
Apna Bazar presents HIGH RISK due to Going Concern status, absence of financial disclosures, tiny system size, unprotected territory, and unclear unit economics — investment viability cannot be independently validated.
Litigation (Item 3)
No litigation required to be disclosed (Item 3).
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kalianna Lakshmanan CPA PC
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 45 / 100 verdict
- 01HIGHGoing Concern status is FALSE — franchisor may be financially unstable or operationally distressed
- 02MINORNo average revenue or net income disclosure (Item 19) — impossible to assess unit-level profitability or ROI
- 03MINOROnly 17 units with unknown growth trajectory — extremely small system with unclear expansion momentum
- 04MINORUnprotected territory — franchisees face direct competition from other franchisees and corporate locations
- 05MINORWide investment range ($1.5M–$6.58M) suggests inconsistent unit economics or unclear cost structure
- 06MINOR2.5% royalty floor of $5,000/month minimum is aggressive for small-revenue locations — $60K/year baseline burden
- 07MED20-year term is unusually long with no performance benchmarks or renewal criteria disclosed
- 08MEDNo litigation disclosed but combined with Going Concern status raises transparency concerns
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 4.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2022 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 20 years |
|---|---|
| Renewal term | 10 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 | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | NY |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed (Item 3).
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 80 hrs
- Training location
- Franchisee's Store (subsequent trainees at HQ in Hicksville, NY)
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- POS system
- SelloRama / All Island POS Systems
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: SelloRama / All Island POS Systems
Item 20 · call current owners
Franchisee Contacts
7 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Apna Bazar · FDD (2022) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Apna Bazar franchise?
The total investment to open a Apna Bazar franchise ranges from $1.5M – $6.6M, with an initial franchise fee of $100K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Apna Bazar franchise owners earn?
Apna Bazar 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 Apna Bazar 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 Apna Bazar FDD and qualifies whose outlets they describe.
What is Apna Bazar's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Apna Bazar (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 Apna Bazar franchise locations are there?
As of their most recent FDD filing, Apna Bazar has 17 total units in the United States, including 8 franchised units and 9 company-owned units.
Is Apna Bazar a good franchise to buy?
FranchiseVerdict rates Apna Bazar as a C-grade franchise with a verdict score of 45 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.