Cookie AdvantageFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Cookie Advantage franchise requires a total initial investment of $93K – $171K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $443K[2]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $93K – $171K
- 8th pct Service Resta…
- Avg gross sales
- $443K
- 6th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 24
- 50th pct Service Resta…
- SBA default
- 33.3%
- 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
Each dollar invested generates 3.4x in gross revenue, well above the typical 1.5-2.5x range.
Franchised units fell from 19 to 16 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $93K – $171K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $443K/year (median $342K).
- Verdict F (Bottom Quintile) with a risk score of 78/100.
- System contracting at -15.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Cookie Advantage, Inc.
- Incorporated in
- OK
- HQ
- 7 North Armstrong, Bixby, Oklahoma 74008
- Auditor
- MCO, PLLC
- Audited financials
- Franchisor revenue
- $522K
- vs $549K prior year
Overview
About
Cookie Advantage franchisees operate small-format cookie retail locations, likely featuring fresh-baked or prepared cookies with limited SKU offerings. Day-to-day operations involve inventory management, product preparation, point-of-sale transactions, customer service, and local marketing in a protected territory.
- CEO
- Duane Carns
- Headquarters
- OK
- Founded
- 2001
- FDD year
- 2026
- States available
- 23
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $5K | $10K |
| Equipment, build-out, other | $53K | $126K |
| Total initial investment | $93K | $171K |
Source: Cookie Advantage 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$58K
13.0% margin
Unlevered ROIC
41%
EBITDA / total invested capital
Payback
29 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $93K – $171K
- Better than avg vs category
- Liquid capital req'd
- $5K – $10K
- Better than avg vs category
- Franchise fee
- $35K – $35K
- Near category avg vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Technology fee | $100 |
| Transfer fee | $3K |
| Renewal fee | $3K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $443K
- Per unit, per year
- Median gross sales
- $342K
- Item 19 type
- gross_sales
- Sample size
- 16 units
- vs category median 28
- Range (low → high)
- $80K→$1.3M
- 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 Cookie Advantage Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 24
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 8
- Corporate units in the system
- % franchised
- 67%
- vs corporate-owned
- Net growth (yr3)
- -5.9%
- Net unit change last year
- 3-yr CAGR
- -15.8%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- $594K
- Median loan
- $96K
- 50th percentile
- Charge-off rate
- 33.3%
- 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)
- 60.0%
- 5-yr charge-off
- 100.0%
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 2
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Cookie Advantage's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 4 states
- Startup risk premium and job creation velocity
- 5-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Cookie Advantage presents meaningful risk due to a shrinking micro-franchise system, undisclosed profitability metrics, and royalty structures that may burden low-performing units despite moderate average revenue.
Audited financials (Item 21)
Yes · MCO, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 78 / 100 rating
- 01MINORUnit count declining 5.9% YoY (24 units is very small system with negative momentum)
- 02MEDNet income not disclosed in FDD — cannot assess actual profitability or ROI
- 03MINORAverage revenue of $443k against $92.5k-$171k investment requires 5+ years to break even before accounting for royalties, rent, and labor
- 04MINOREscalating royalty structure ($800 minimum floor from month 13) creates cash flow pressure for underperforming locations
- 05MINORVery small franchise system (24 units) limits brand recognition, supply chain leverage, and support infrastructure
- 06MINOR5-year term is relatively short; rebuild investment required after expiration creates exit risk
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Population-based |
| Protected territory | Yes |
| Online sales rights | 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 | 20 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Oklahoma |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 28 hrs
- On-the-job training
- 16 hrs
- POS system
- Cookie Advantage Business Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Cookie Advantage Business Software
Item 20 · call current owners
Franchisee Contacts
5 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Cookie Advantage · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Cookie Advantage franchise?
The total investment to open a Cookie Advantage franchise ranges from $93K – $171K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Cookie Advantage franchise owners earn?
According to Item 19 of the Cookie Advantage FDD, the average gross sales per unit is $443K. The median is $342K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Cookie Advantage's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Cookie Advantage (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 Cookie Advantage franchise locations are there?
As of their most recent FDD filing, Cookie Advantage has 24 total units in the United States, including 19 franchised units and 8 company-owned units.
Is Cookie Advantage a good franchise to buy?
FranchiseVerdict rates Cookie Advantage as a F-grade franchise with a risk score of 78 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.
For franchisors
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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.