CurritoFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Currito franchise requires a total initial investment of $344K – $959K, including a $35K franchise fee. Per the 2024 FDD, average unit revenue was $1.4M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $344K – $959K
- 23rd pct Service Resta…
- Avg gross sales
- $1.4M
- 15th pct Service Resta…
- Royalty
- N/A
- Units
- 23
- 28th pct Service Resta…
- SBA default
- 50.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-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
The system contracted 7% year-over-year. Investigate why units are closing.
39% cash-on-cash return (based on EBITDA). Above the 20% threshold most investors target.
Bottom line
- Total investment $344K – $959K including a $35K franchise fee.
- Average unit revenue of $1.4M/year (median $1.4M), with an estimated 39% cash-on-cash return (based on EBITDA).
- Verdict A (Top Quintile) with a risk score of 34/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Airport & College Services, LLC
- Ultimate parent
- Nicar Enterprises, LLC
- CEO title
- Chief Operations Officer
- Johnathan Lanni
- CEO experience
- 2011 yrs
- Years in role or industry
- Incorporated in
- OH
- HQ
- 1227 Jackson St., Cincinnati, OH 45202
- Auditor
- GBQ Partners LLC
- Audited financials
- Franchisor revenue
- $1.0M
- vs $1.1M prior year
Overview
About
Franchisees operate quick-service Mexican/burrito concept restaurants, managing food preparation, inventory, staffing, and customer service in a counter-service model. Day-to-day operations involve managing ingredient sourcing, food quality/safety compliance, point-of-sale systems, and local marketing to drive the $1.43M average unit revenue.
- CEO
- Johnathan Lanni
- Headquarters
- OH
- Founded
- 2008
- FDD year
- 2024
- States available
- 7
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $20K | $50K |
| Equipment, build-out, other | $289K | $874K |
| Total initial investment | $344K | $959K |
Source: Currito 2024 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
$129K
9.0% margin
Unlevered ROIC
19%
EBITDA / total invested capital
Payback
5.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $344K – $959K
- Better than avg vs category
- Liquid capital req'd
- $20K – $50K
- Better than avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- the greater of: (i) 6% of Gross Sales; or (ii) $500 per week
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
- Payback period
- 2.6 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | greater of 6% of Gross Sales or $500 per week |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $0 |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 9.0% of rev |
Financial Performance
- Avg gross sales
- $1.4M
- Per unit, per year
- Median gross sales
- $1.4M
- Avg ebitda
- $251K
- Reported as EBITDA in FDD Item 19
- Cash-on-cash
- 38.6%
- Based on EBITDA / investment midpoint
- Item 19 type
- gross_sales
- Sample size
- 21 units
- vs category median 13
- Range (low → high)
- $655K→$2.4M
- Cohort dispersion (min → max)
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Currito Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 23
- Opened
- 0
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 4.3%
- Company-owned
- 9
- Corporate units in the system
- % franchised
- 61%
- vs corporate-owned
- Net growth (yr3)
- -6.7%
- Net unit change last year
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 5
- Franchisor's next-year forecast
- Ceased ops
- 4.3%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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 3 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 3
- Loan volume
- $1.1M
- Median loan
- $260K
- 50th percentile
- Charge-off rate
- 50.0%
- 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)
- 100.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Currito's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Currito presents elevated risk due to a shrinking franchisee base, lack of disclosed financial performance data, and a bare-minimum unit count that suggests potential system instability despite reasonable per-unit profitability metrics.
Litigation (Item 3)
No litigation is required to be disclosed in this Item.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · GBQ Partners LLC
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 34 / 100 rating
- 01MEDUnit count declined 6.7% YoY (23 units is very small system with negative momentum)
- 02MEDNo Item 19 financial performance representations disclosed (going_concern: false suggests no FPR provided)
- 03MINORWide investment range ($343.5K-$959K) indicates high variability in unit economics or setup costs
- 04MINORRoyalty floor of $500/week ($26K annually) creates cash flow pressure on lower-revenue locations
- 05MINOR23-unit system is below critical mass for franchise viability and support infrastructure
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 | 10 years |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 1 mi |
| 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 | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Ohio |
| 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
- 100 hrs
- On-the-job training
- 100 hrs
- Training location
- franchisor facility and on-site
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- POS system
- Business Management and Technology System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Business Management and Technology System
Item 20 · call current owners
Franchisee Contacts
8 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Currito · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Currito franchise?
The total investment to open a Currito franchise ranges from $344K – $959K, 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 Currito franchise owners earn?
According to Item 19 of the Currito FDD, the average gross sales per unit is $1.4M. The median is $1.4M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Currito's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Currito (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 Currito franchise locations are there?
As of their most recent FDD filing, Currito has 23 total units in the United States, including 14 franchised units and 9 company-owned units.
Is Currito a good franchise to buy?
FranchiseVerdict rates Currito as a A-grade franchise with a risk score of 34 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
Are you the franchisor?
If you represent Currito, you can request corrections or provide updated information.
Claim this brandOther Full-Service Restaurants franchises
Compare similar franchise opportunities in the Full-Service Restaurants category
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.