Cousins Subs Franchise Cost & 2026 FDD Data
33/100
Fourth tier
33 this brand51 Quick-Service Restaurants medianlikely 29–37 (high confidence)
Higher is better · an editorial assessment, not investment advice
#2,916 of 3,069 graded brands
Why a D: Helped by scale, legal record and transparency. Held back by unit economics and unit growth. See all six factors
- Total investment
- $465K – $1.2M
- Avg gross sales
- $865K
- 29 outlets reporting; not profit
- SBA charge-off
- 21.3%
1 in 5 SBA 7(a) loans to Cousins Subs owners charged off (29 of 136 resolved loans, approved since FY1991); Quick-Service Restaurants median 17.6%. Loans approved FY2014–FY2017: 0 of 17 resolved loans charged off (0.0%); newer loans have not had time to default, so this is not a trend.
Data from the FDD filing + SBA 7(a) records. Analysis by FranchiseVerdict · Methodology · Website · Report an error · Franchisor? Claim this listing
FranchiseVerdict summary · 2026 FDD
Per the 2026 FDD, a Cousins Subs franchise requires a total initial investment of $465K – $1.2M, including a $25K franchise fee. Once open, the ongoing royalty is 6.0%. Per the 2026 FDD, average gross sales were $865K (29 outlets reporting; gross sales, not profit). SBA 7(a) loans show a 21.3% charge-off rate on 136 resolved loans. Verdict grade: D (Fourth tier), an editorial assessment, not investment advice.
Sources: 2026 FDD · SBA 7(a) loan records (FOIA) · What one unit could make and lose →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low (issued within the last 12 months)
Evidence for the headline figures: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored8 of 8 headline figures on this page cite a page of the filing.
Overview
Quick verdict · vs Quick-Service Restaurants median
Top edge: green = better than the Quick-Service Restaurants median by more than 10%, red = worse by more than 10%, gray = within 10% or no benchmark. Source: FDD filings + SBA 7(a).
Data from public FDD filings and SBA records. Methodology
Bottom line
- RETURNSAverage gross sales of $865K/year (outlet median $832K; 29 outlets reporting; gross sales, not profit).
- GROWTHIn the latest Item 20 year, the number of franchised outlets fell by 2 (0 opened, 2 closed).
- DECLINE-7 franchised outlets over the two years to 2025 (41 to 34, -17.1% in total, -8.9% a year compounded). Ask whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
AT STAKEOne unit at the Item 7 midpoint: $106K a year in payments on assumed SBA 7(a)-style terms.You put in about $163K of your own cash and personally guarantee a $652K loan. Assumptions are labeled in Sales; not investment advice.See what one unit could make and lose
Things to check before you sign (3)
- Net -2 franchised outlets in 2025 (Item 20, outlet counts). Ask owners why outlets closed.
- SBA 7(a) charge-off 21.3% on 136 resolved loans, loans approved since FY1991, above the Quick-Service Restaurants median of 17.6% (175 brands).
- The franchisor keeps the right to compete inside your territory (Item 12, territory).
Checked and clear: no auditor doubt that the franchisor can keep operating, no lawsuit naming the franchisor in Item 3, no rule that the owner must run it personally and the full filing on file, and an Item 19 average from 29 units. Not on file here, so ask: jury-trial waiver and supplier rebates.
What to do next
Step 1: Read the FDD itself.
Free: the franchisor must give it to you at least 14 days before you sign or pay. Or look it up in a state registry (Wisconsin, Minnesota, California). What to read first.
Step 2: Talk to current and former owners.
Free: Item 20 of the FDD lists every current owner and those who left last year, most with a phone number. Questions to ask.
Step 3: Talk to an SBA lender.
Free: the SBA's Lender Match, or the lenders already lending to this brand in the SBA section. Ask what you would personally guarantee and what the monthly payment would be. If you plan to use retirement savings, ask a CPA about the rules for that first.
Step 4: Have a franchise attorney review the FDD and agreement.
Free: your state bar's lawyer referral service can name franchise lawyers, and many offer a short first consultation. Bring the checks listed above.
Research steps, not investment or legal advice.
Can you afford it, and what does the money buy?
Entry cost (the Item 7 midpoint) is 67% above the Quick-Service Restaurants median ($487K).
Source: FDD 2026 · Items 5–7 (fees and startup costs)
Do you qualify? The filing states no minimum net worth or liquid capital. Ask Cousins Subs Systems, Inc. (Item 1: N83 W13400 Leon Road, Menomonee Falls, Wisconsin 53051) and your lender what they require, and keep living costs for the first year outside the deal.
Full Item 7 breakdown15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $25K | $25K | |
| Leasehold Improvements | $205K | $600K | |
| Equipment and Small Wares | $135K | $190K | |
| Seating Package / Millwork | $30K | $75K | |
| Initial Inventory and Supplies | $6K | $18K | |
| Point of Sale System / Technology | $10K | $30K | |
| Architectural Fees | $9K | $52K | |
| Rent | $3K | $15K | |
| Lease and Utility Security Deposits | $0 | $15K | |
| Insurance | $700 | $1.5K | |
| Training | $2.5K | $15K | |
| Store Marketing Fee | $10K | $10K | |
| Lease Addendum Review Fee | $0 | $5K | |
| Signage | $8.5K | $63K | |
| Additional Funds – 3 months | $20K | $50K | |
| Total initial investment | $465K | $1.2M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. The total row is the total as printed in Item 7. Actual costs may fall outside this range depending on market and build-out scope.
Item 6 · what you pay once you are open
Ongoing fees
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
Marketing / ad fundThe filing's detailBrand-wide marketing pool. 2% of gross receipts of Shop, contributed to Advertising and Development Fund; can be increased to 3% of gross receipts on 90 days notice. Separately, franchisee must spend 3% of gross receipts on Local Advertising ea... | 2.0% of gross sales |
Technology feesThe filing's detailTechnology Fund Contribution of $300 to $800 per month, includes an 8% hardware maintenance fee component; passed through to third-party service providers for required licenses. | See the list |
| Training feeAdditional training charge listed in Item 6 | $2,500 |
| Transfer fee | $5,000 |
| Renewal fee | $12,500 |
| Total fee loadabove the Quick-Service Restaurants median of 7.0% (heavy) | 8.0% of sales |
What do units actually make?
Average gross sales are near the Quick-Service Restaurants median ($950K).
Source: FDD 2026 · Item 19 (sales and earnings)
Items 6 (other fees), 7 (startup costs) and 19 (sales and earnings) · assumptions labeled
What you could make and lose: one unit
What one Cousins Subs unit would ask of you, from the filing's Item 7 total and labeled assumptions.
Average gross sales are $865K (FDD p.54), and the royalty and ad fund take about $69K of that a year (Item 6). This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. So this box does not estimate a profit. To cover the loan payment alone, one unit has to clear $106K a year after its food, labor, rent and other costs and the franchisor's fees.
How these figures are worked out
- Loan (assumption): 80% of the $815K Item 7 midpoint is a $652K loan, paid over 10 years at 10.5%: $106K a year. SBA 7(a)-style terms on a long-term rate; your lender sets yours. Cousins Subs' past SBA 7(a) loans averaged 5.7% at approval; 7(a) rates move with the prime rate, so 10.5% is a current-rate assumption, not this brand's history.
What you put at risk
Your own cash in: about $163K Assumption (the part the loan does not cover of the $815K Item 7 midpoint), plus whatever anything Item 7 leaves out (its notes say what). The loan is $652K.
Personal guarantee. SBA 7(a) loans require a personal guarantee from anyone who owns 20% or more of the business. If the unit cannot pay, the lender can collect from you personally, which can include your savings and your home. The worst case is losing the cash you put in and still owing the rest of the loan.
Gross sales are not profit, and none of these figures is take-home pay until tax and every operating cost are paid. The assumptions are ours, not the filing's. Not investment advice.
Returns modelOne unit · several units · editable
One unit
One unit: what is left after the loan payment
Gross sales, minus the franchisor's fees and the operating costs, is the unit's EBITDA (earnings before interest, taxes, depreciation and amortization). Minus an assumed loan payment, that is what is left for you, before tax. Gross sales are not profit.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. Invested capital is the Item 7 total, which already includes its working-capital (additional funds) line.
Returns model · one unit
What would one Cousins Subs unit leave you each year after the loan payment?
Item 19 reports $865,432 per unit.
Gross sales, not profit: the costs below decide what is left.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners.
Illustrative category typicals, not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Item 7 midpoint of $465K to $1.2M
Item 7's $20K to $50K additional funds are already in the total
Left after the loan payment · per year
The unit's EBITDA minus the assumed loan payment. Before tax, depreciation and any cost your inputs leave out (insurance, accounting and legal, licenses, technology fees): not take-home pay.
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies COGS, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
Loan of $652K at 10.5% over 10 years, an assumption, not a quote. Return and payback are before tax, depreciation and the costs above. The loan usually needs your personal guarantee.
Buying several existing units? The acquisition scenario
Buying several units
What buying a few existing units could return
Prices an existing operator of a few units off the single-unit EBITDA above, after shared services, and finances it with an SBA 7(a) loan, a conventional loan and a seller note. It shows the yearly return on your cash (IRR), whether year-1 earnings cover the loan payments (DSCR) and how the price is paid for. It starts at 5 units; every deal term is an assumption you can change, and none is from the FDD.
Not modelled yet
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies COGS, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
This scenario starts from a per-unit EBITDA. Fill in the operating costs in the one-unit model above and it runs on that figure, or take it to the full ROI workbench, where the multi-unit and acquisition models accept your own per-unit economics.
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 · filed by Cousins Subs Systems, Inc.
Financial performance
- Range (low → high)
- $314K→$1.9MSource: 2026 FDD, page 54
- Cohort dispersion (min → max)
Percentile ranks within Quick-Service Restaurants
Each rank is among the Quick-Service Restaurants brands that report that figure (the count is under each bar).
vs Quick-Service Restaurants medians
How Cousins Subs compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Who are you contracting with?
Cousins Subs Systems, Inc.
Item 1 (the franchisor) · who you're contracting with
The franchisor
Corporate structure & franchisor financials
- Legal entity
- Cousins Subs Systems, Inc.
- Predecessor
- Cousins Submarine Sandwich Shop Systems, Inc.
- Prior franchisor entity
- CEO title
- Chief Executive Officer, Director, and Chairman of the Board
- Christine A. Specht-Palmert
- Incorporated in
- Wisconsin
- HQ
- N83 W13400 Leon Road, Menomonee Falls, Wisconsin 53051
Overview
About
Franchisor of Cousins Subs Shops, restaurants specializing in submarine/hero and deli-style sandwiches on specially prepared bread, offering inside seating, carry-out, and drive-up service.
- CEO
- Christine A. Specht-Palmert
Is the system healthy?
-7 franchised outlets over the two years to 2025 (41 to 34, -17.1% in total, -8.9% a year compounded).
Source: FDD 2026 · Item 20 (outlets opened, closed and transferred)
Item 20 (outlet counts) · unit dynamics
The growth chart
- Company-owned
- 58
- Corporate units in the system
- % franchised
- 37%
- vs corporate-owned
Last fiscal year · Item 20 rates and pipeline
- Reacquired
- 0
- Franchisor bought back
Item 20 · franchised units at year end
Franchised units fell from 41 in 2023 to 34 in 2025
Axis does not start at zero.
Source and method
A system that lost more than 10% of its franchised outlets across the Item 20 years is a red flag. Check whether closures are concentrated in specific regions.
Government records
SBA loan data
Lenders charged off 21.3% of 136 resolved SBA 7(a) loans, above the 17.6% category median. 7(a) is the SBA's main small-business loan; a resolved loan was paid in full or charged off.
- Loans on file
- 141
- SBA 7(a) loans matched to this brand, incl. those still being repaid
- Loan volume
- $25.7M
- Average loan
- $182K
- loan volume divided by loans
- Charge-off rate
- 21.3%
- 29 of 136 resolved loans
- Paid in full
- 78.7%
- of resolved loans
- Charge-off, loans approved FY2014–FY2017
- 0.0%
- 0 of 17 resolved loans; newer loans have not had time to default, so this is not a trend
- Lenders
- 37
- Average interest rate
- 5.7%
- Jobs reported
- 2,174
- on the 127 loans approved FY1999 on; earlier loans did not record jobs
- Lender concentration
- 21%
- top lender's share
Cumulative: every 7(a) loan matched to this brand in the SBA’s FOIA files, approved FY1991 onward. Historical lending data, not predictive of future performance. How SBA charge-off rates are calculated
Benchmark: the median Quick-Service Restaurants brand charges off 17.6% (175 brands with a published rate, same cumulative window and source). This brand is 3.7 points above it.
The approval-year breakdown covers 123 of the 136 resolved loans and 29 of the 29 charge-offs (FY1993 to FY2017).
SBA 7(a) · charge-off rate by approval year
Cousins Subs: highest rate in the 2000 loan year, 46.2%
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1993 | 4 | 2 | Too few |
| 1998 | 4 | 2 | Too few |
| 1999 | 10 | 3 | 30.0% |
| 2000 | 13 | 6 | 46.2% |
| 2001 | 7 | 3 | Too few |
| 2002 | 6 | 1 | Too few |
| 2003 | 8 | 1 | Too few |
| 2004 | 5 | 2 | Too few |
| 2005 | 12 | 3 | 25.0% |
| 2006 | 6 | 0 | Too few |
| 2008 | 14 | 4 | 28.6% |
| 2010 | 4 | 1 | Too few |
| 2012 | 5 | 1 | Too few |
| 2013 | 8 | 0 | Too few |
| 2014 | 6 | 0 | Too few |
| 2015 | 3 | 0 | Too few |
| 2016 | 4 | 0 | Too few |
| 2017 | 4 | 0 | Too few |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
Explore lender portfolios on Bank Reports or regional data on State Reports.
Full SBA lending reportlenders · charge-off rate · trend
Lender network · SBA 7(a)
SBA Lending Report
Lender, state and yearly detail for Cousins Subs from SBA 7(a) FOIA loan records.
- Principal charged off (% of dollars)
- 13.4%
- Average charge-off
- $119K
- across 29 charged-off loans
- Average SBA guarantee
- 76%
- Average interest rate
- 5.7%
- Lender concentration
- 21%
- Jobs reported
- 2,174
Top 10 SBA lenders by loan count
| Loans | Volume | Charge-off |
|---|---|---|
| UMB Bank, National Association | ||
| 30 | $6.2M | 10.0%30 resolved |
| Wells Fargo Bank National Association | ||
| 26 | $4.8M | 34.6%26 resolved |
| BMO Bank National Association | ||
| 18 | $3.8M | 7.1%14 resolved |
| Bank Five Nine | ||
| 11 | $2.4M | 9.1%11 resolved |
| U.S. Bank, National Association | ||
| 6 | $1.3M | Too few6 resolved |
| Associated Bank, National Association | ||
| 4 | $550K | Too few4 resolved |
| Fifth Third Bank | ||
| 3 | $409K | Too few3 resolved |
| Old National Bank | ||
| 3 | $360K | Too few3 resolved |
| PNC Bank, National Association | ||
| 3 | $374K | Too few3 resolved |
| Bank First, N.A. | ||
| 2 | $187K | Too few2 resolved |
A lender’s rate counts only its resolved loans, the loans that have finished (paid in full or charged off); a 0.0% often means few of its loans have finished. Under 10 resolved loans, the rate reads “Too few”.
Charge-off rate by state (top 10 by loans)
| State | Loans | Charged off | Rate |
|---|---|---|---|
| WI Wisconsin | 91 | 11 | 12.8%86 resolved |
| MN Minnesota | 16 | 7 | 43.8%16 resolved |
| AZ Arizona | 11 | 4 | 36.4%11 resolved |
| IL Illinois | 9 | 0 | Too few9 resolved |
| CA California | 3 | 1 | Too few3 resolved |
| CO Colorado | 3 | 1 | Too few3 resolved |
| TX Texas | 3 | 3 | Too few3 resolved |
| ND North Dakota | 2 | 0 | Too few2 resolved |
| MI Michigan | 1 | 0 | Too few1 resolved |
| MO Missouri | 1 | 1 | Too few1 resolved |
Rate: charged-off loans over resolved loans (paid in full plus charged off), shown from 10 resolved loans. "Too few": under 10 resolved. The Loans column counts every approval in the window, including loans still being repaid.
SBA 7(a) loans approved per year
Source: SBA 7(a) FOIA loan-level data, matched to the brand by FranchiseVerdict.
A 21.3% charge-off rate means about 1 in 5 resolved SBA 7(a) loans to this brand was charged off. The approval-year chart above shows which years they came from.
What are the risks?
Main risk: a shrinking system. Franchised outlets fell from 41 to 34 over the two years to 2025.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Verdict grade + FDD Items 3 (litigation), 4 (bankruptcy), 8 (required suppliers), 16 (what you may sell), 21 (audited financials)
Risk and legal
Grade D: Fourth tier, 33/100 (category median 51); the full grade is at the top of the page.
How the grade is built
Why a D, factor by factor
- Financial health NeutralAudited financials; no going-concern doubt
- Unit economics Weighs on itAvg gross sales $865K on a $815K investment midpoint, 1.1x (gross sales, not profit)
- Unit growth Weighs on it, weakest dimension-7 franchised outlets over the two years to 2025 (41 to 34, -17.1% in total, -8.9% a year compounded); turnover 11.8%
- Scale Helps34 franchised units, +58 company-owned (92 in all); franchising since 1979
- Legal HelpsNo litigation naming the franchisor in Item 3
- Transparency HelpsItem 19 discloses financial performance; audited financials; no franchisor financial figures on file
- Adjustments after the six dimensions (-15 points)SBA loan record: the SBA charge-off rate (21.3% on 136 resolved loans) is between 20% and 50%, a range the score counts against a brand, so it took 15 points off. The score uses fixed ranges, not the category median, so a rate below its category median can still cost points.
From the six scored dimensions, an editorial assessment, not investment advice. How the score is built
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes
Supplier relationship · Items 8 & 16
Ask what the franchisor earns on the supplies it sells you or the rebates it takes (Item 8).
- Franchisor sells you products: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before your own operating costs.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12 (territory), 15 (owner participation) and 17 (renewal, termination and disputes)
Contract and territory detail
| Allowed renewals | 1 |
|---|---|
| Protected territory | Yes |
| Exclusive territory | No |
| Territory radius | 1 mi |
| Franchisor can compete | Yes |
| Who runs it (Item 15) | A manager may run it |
| Non-compete (years) | 2 years |
| Non-compete (miles) | 10 mi |
| Right of first refusal | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Governing law | Wisconsin |
Items 5 (initial fees), 7 (startup costs), 12 (territory) and 20 (outlet counts) · development agreement
Area development (several units)
The filing offers a development agreement for several units. If you miss the schedule, the development agreement can be ended.
Every term, with its page
- Item 7 for the agreement
- $18K – $79K to sign the development agreement, before any unit's own Item 7 total.
2026 FDD p.20
“TOTAL $17,500 - $78,750 NOTES: 1/ The multi-unit development fee is further described in Item 5.” - If you miss the schedule
- The development agreement can be ended.
2026 FDD p.40
“If a franchisee fails to meet the Development Schedule, Cousins may terminate the Multi-Unit Development Agreement.”
Each unit still needs its own Item 7 investment on top of the development fee. Have a franchise attorney read the schedule and the default terms before you sign.
Items 10 (financing), 11 (training and support)
Training and operations
- Classroom training
- 39 hrs
- On-the-job training
- 164 hrs
- Training location
- Cousins' corporate office in Menomonee Falls, Wisconsin and/or a designated training facility in Wisconsin, or another certified location, or virtually
- Ongoing training
- Required
- Franchisor financing
- Not offered
- Item 10
Items 5 (initial fees) & 11 (training and support)
Franchisor support
Franchisee contacts
We hold no owner list for this brand. Item 20 of the FDD lists the current and former owners; the free FDD is the source.
Frequently asked questions
How much does it cost to open a Cousins Subs franchise?
Per the 2026 FDD, the total investment to open a Cousins Subs franchise ranges from $465K to $1.2M, with an initial franchise fee of $25K. This is the Item 7 total in the Franchise Disclosure Document (FDD): the startup costs the franchisor lists, such as build-out, equipment, inventory and working capital. It usually leaves out buying land or a building; Item 7's notes say what is excluded.
What do Cousins Subs franchise owners earn?
According to Item 19 of the Cousins Subs FDD, average gross sales were $865K (29 outlets reporting; gross sales, not profit). The median is $832K. What an owner keeps depends on location, operating costs and management.
Who owns Cousins Subs?
Cousins Subs is franchised by Cousins Subs Systems, Inc. Source: FDD Item 1, 2026 filing.
What is Item 19 in the Cousins Subs 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 Cousins Subs FDD and qualifies whose outlets they describe.
What is Cousins Subs' franchise failure rate?
There is no published franchise failure rate. What is measurable is Cousins Subs' SBA charge-off rate: 21.3% on 136 resolved loans. Put plainly: 1 in 5 SBA 7(a) loans to Cousins Subs owners charged off (29 of 136 resolved loans, approved since FY1991); loans approved FY2014–FY2017: 0 of 17 resolved loans charged off (0.0%); newer loans have not had time to default, so this is not a trend. The SBA charge-off rate is the share of a brand's resolved SBA 7(a) loans to its franchisees that the SBA wrote off, including purchased guarantees. Resolved means paid in full or charged off; active loans are excluded because their outcome is not yet known. It is a lending outcome, not a count of closed businesses. A franchisee can repay and close, or default and keep trading.
How many Cousins Subs franchise locations are there?
Per the 2026 FDD, Cousins Subs has 34 franchised units and 58 company-owned (92 in all). In the latest year, the number of franchised outlets fell by 2 (0 opened, 2 closed).
Is Cousins Subs a good franchise to buy?
FranchiseVerdict gives Cousins Subs a D Verdict grade (Fourth tier) with a verdict score of 33 out of 100 (higher is better), an editorial assessment, not investment advice. Helped by scale, legal record and transparency. Held back by unit economics (avg gross sales $865K on a $815K investment midpoint, 1.1x: gross sales, not profit) and unit growth. The “Why a D” section on this page lists all six dimensions and any adjustment. Speak with current franchisees before making any investment decision.
Other Quick-Service Restaurants franchises
Similar investment first, then by grade
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.