Earl of Sandwich
Bottom line
- Total investment $308K – $584K including a $25K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100. SBA loan default rate of 0.0% across 6 loans (below the industry average).
- No 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
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Earl of Sandwich unit return on the cash you put in?
Unlevered ROIC · per unit
25%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual sandwich/quick-service restaurants featuring the Earl of Sandwich menu concept (likely gourmet sandwiches and related items). Day-to-day responsibilities include food preparation, inventory management, staff scheduling, point-of-sale operations, customer service, and local marketing within a protected territory.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 12 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
12
states with franchisees (per FDD Item 12)
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Earl of Sandwich presents HIGH RISK due to contracting unit count (-10.3% YoY), undisclosed financials, unconfirmed going concern status, and substantial capital requirements without earnings transparency.
Score breakdown · what drove the 72 / 100 rating
- 01MINORSystem contracted 10.3% YoY (31 units total) — indicates declining brand momentum and franchisee struggles
- 02HIGHGoing Concern status is FALSE — franchisor may lack financial stability or operational viability
- 03MINORNo Item 19 financial disclosure — cannot validate revenue/profitability claims; prospective franchisees have zero earnings benchmarks
- 04MINORHigh investment range ($307.5K–$584K) paired with declining unit count suggests poor unit economics or market saturation
- 05MED6% royalty on undisclosed average revenue creates opacity; cannot calculate true ROI or break-even timeline
- 06MINORSmall franchise system (31 units) limits peer support network and economies of scale for supply chain
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
23 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Earl of Sandwich · FDD (2025) PDF