Eiffel WaffleFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Eiffel Waffle franchise requires a total initial investment of $209K – $338K, including a $40K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $209K – $338K
- 34th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 6
- 25th pct Service Resta…
- SBA default
- N/A
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
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $209K – $338K including a $40K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 72/100.
- 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
- Legal entity
- EIFFEL WAFFLE ENTERPRISE LLC
- Parent company
- none
- Predecessor
- company
- Prior franchisor entity
- Incorporated in
- IL
- HQ
- 9990 South Ridgeland Avenue, Chicago Ridge, Illinois 60415
- Auditor
- DA Advisory Group PLLC
- Audited financials
- Franchisor revenue
- $24K
- Most recent fiscal year
Overview
About
Franchisees operate small waffle retail shops, preparing and selling Belgian-style or French waffles and related products. Day-to-day activities include waffle production, customer service, inventory management, and local marketing within their protected territory.
- CEO
- Omar Falaneh
- Headquarters
- IL
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 29 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $40K | $40K | |
| Leasehold Improvements | $25K | $75K | |
| Lease/Security Deposit | $3K | $7K | |
| Utility Deposit | $0 | $750 | |
| Architect/Engineer Fee | $3K | $5K | |
| Furniture and Fixtures | $10K | $25K | |
| Equipment | $75K | $90K | |
| Computer Equipment | $3K | $4K | |
| Software - 3 months | $573 | $573 | |
| Internal System Fee - 3 months | $750 | $750 | |
| Misc. Equipment & Supplies | $3K | $4K | |
| Accounting Service - 3 months | $500 | $2K | |
| Signage | $3K | $10K | |
| Initial Inventory of Products to Produce Ice Cream | $5K | $5K | |
| Initial Inventory - Other | $11K | $15K | |
| Office Equipment & Supplies | $100 | $150 | |
| Initial Supply of Promotional Materials (Menus) | $500 | $750 | |
| Uniforms | $2K | $2K | |
| Telephone (3 months) | $300 | $420 | |
| Internet Fees (3 months) | $300 | $450 | |
| Total initial investment | $209K | $338K |
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
- $209K – $338K
- Better than avg vs category
- Liquid capital req'd
- $10K – $25K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Below avg, review vs category
- Royalty
- 6.0%
- Gross Revenue · typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $250 |
| Transfer fee | $32K |
| Renewal fee | $4K |
| Total fee load | 9.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Eiffel Waffle Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 6
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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.
Available to sell in · Item 12
- Illinois
- Indiana
- Michigan
- Minnesota
- New York
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Eiffel Waffle presents HIGH RISK due to going concern status, micro-scale unit count, complete absence of financial performance data, and structural royalty burden that may exceed typical QSR margins.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · DA Advisory Group PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 72 / 100 rating
- 01HIGHGoing concern status is FALSE — indicates potential financial instability or undisclosed operational issues at corporate level
- 02MEDOnly 6 total units system-wide suggests extremely limited scale, unproven model replicability, and minimal support infrastructure
- 03MINORNo average revenue or net income disclosure in FDD Item 19 — impossible to assess ROI or validate $208k-$338k investment justification
- 04MEDFranchise fee ($40k) represents 19-24% of total investment with no disclosed unit economics to justify cost
- 05MINORSemi-monthly royalty structure on gross revenue (not net) creates cash flow pressure regardless of profitability
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 | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius or Zip Codes |
| Protected territory | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 5 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Illinois |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 8 hrs
- On-the-job training
- 32 hrs
- Training location
- On-site and corporate
- POS system
- Clover
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Clover
Item 20 · call current owners
Franchisee Contacts
18 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Eiffel Waffle · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Eiffel Waffle franchise?
The total investment to open a Eiffel Waffle franchise ranges from $209K – $338K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Eiffel Waffle franchise owners earn?
Eiffel Waffle 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 Eiffel Waffle's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Eiffel Waffle (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 Eiffel Waffle franchise locations are there?
As of their most recent FDD filing, Eiffel Waffle has 6 total units in the United States, including 0 franchised units and 6 company-owned units.
Is Eiffel Waffle a good franchise to buy?
FranchiseVerdict rates Eiffel Waffle as a D-grade franchise with a risk score of 72 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.