Farm Stores / Swiss FarmsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Farm Stores / Swiss Farms franchise requires a total initial investment of $145K – $943K, including a $25K franchise fee. Per the 2023 FDD, average unit revenue was $824K[2]. Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2023 FDD issuance
Overview
- Investment
- $145K – $943K
- 15th pct Retail
- Avg gross sales
- $824K
- 11th pct Retail
- Royalty
- N/A
- Units
- 44
- 17th pct Retail
- SBA default
- N/A
Quick verdict · Retail · color = vs category peers
Green = >15% above Retail 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
Bottom line
- Total investment $145K – $943K including a $25K franchise fee.
- Average unit revenue of $824K/year (median $698K).
- Verdict C (Average) with a risk score of 67/100.
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Farm Stores Franchising, LLC
- Incorporated in
- DE
- HQ
- 2937 S.W. 27th Avenue, Suite 301, Coconut Grove, Florida 33133
- Auditor
- Brunt Matz Group PA
- Audited financials
- Franchisor revenue
- $5.0M
- vs $5.0M prior year
Overview
About
Farm Stores/Swiss Farms franchisees operate retail convenience/farm supply locations, likely managing inventory, point-of-sale operations, staffing, and local marketing. Day-to-day activities include customer service, stock management, and cash handling in small-format retail environments.
- CEO
- Maurice E. Bared
- Headquarters
- FL
- Founded
- 2014
- FDD year
- 2023
- States available
- 5
FDD Item 7 · 2023 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $25K | $25K |
| Working capital (3–6 mo) | $75K | $100K |
| Equipment, build-out, other | $45K | $818K |
| Total initial investment | $145K | $943K |
Source: Farm Stores / Swiss Farms 2023 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
$66K
8.0% margin
Unlevered ROIC
10%
EBITDA / total invested capital
Payback
9.6 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $145K – $943K
- Better than avg vs category
- Liquid capital req'd
- $75K – $100K
- Better than avg vs category
- Franchise fee
- $15K – $25K
- Better than avg vs category
- Royalty
- greater of 6% of weekly Gross Sales or $360
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | greater of 6% of weekly Gross Sales or $360 |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $50 |
| Training fee | $400 |
| Transfer fee | $5K |
| Renewal fee | $10K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $824K
- Per unit, per year
- Median gross sales
- $698K
- Item 19 type
- gross_sales
- Sample size
- 38 units
- vs category median 49
- Range (low → high)
- $202K→$2.0M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 2 / 5 · above
Compared against 304 Retail brands
vs Retail averages
How Farm Stores / Swiss Farms Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 44
- Opened
- 8
- Last reporting year
- Closed
- 10
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 22.7%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -4.3%
- Net unit change last year
- 3-yr CAGR
- +7.3%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 4
- Projected new
- 13
- Franchisor's next-year forecast
- Transfer rate
- 9.1%
- Owners selling to other franchisees
- Ceased ops
- 22.7%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 25 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
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Swiss Farms presents HIGH RISK due to active fraud/misrepresentation litigation, shrinking unit base, undisclosed profitability metrics, and structural royalty burden that may not align with actual franchisee earnings.
Litigation (Item 3)
Joseph D'Albero, Dr. Kamran Tasharofi, Chintan Trivedi, et al., v. Farm Stores Franchising LLC, et al., Superior Court of New Jersey, Union County, Docket No. UNN-L-486-23. Filed February 13, 2023. Plaintiffs allege misrepresentations regarding success of existing locations and area representative business model, unfair real estate leases, and breach of contract. Claims include misrepresentation, violations of New Jersey Consumer Fraud Act and Franchise Practices Act, and unjust enrichment. Seeking rescission of franchise agreements and monetary damages. Franchisor disputes merits and plans vigorous defense.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Brunt Matz Group PA
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 67 / 100 rating
- 01MINORDeclining unit count (-4.3% YoY) indicates system contraction and potential franchisee dissatisfaction
- 02HIGHActive litigation (filed Feb 2023) alleging material misrepresentations about unit profitability and unfair real estate practices by affiliate — core business model issues
- 03MEDNet income not disclosed in Item 19 — inability to verify actual profitability despite $823,732 average revenue claim
- 04MINORHigh royalty structure (greater of 6% or $360/week = $18,720 annually minimum) creates significant fixed burden on lower-performing units
- 05MINORUnprotected territory exposes franchisees to direct competition from other brand units and cannibalization risk
- 06MINORWide investment range ($145K–$943K) suggests inconsistent costs and unclear unit economics
- 07MINORFranchise fee ($25K) combined with royalty floor creates high break-even threshold for marginal locations
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 | Address only |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 1 |
View Item 3 litigation summary
Joseph D'Albero, Dr. Kamran Tasharofi, Chintan Trivedi, et al., v. Farm Stores Franchising LLC, et al., Superior Court of New Jersey, Union County, Docket No. UNN-L-486-23. Filed February 13, 2023. Plaintiffs allege misrepresentations regarding success of existing locations and area representative business model, unfair real estate leases, and breach of contract. Claims include misrepresentation, violations of New Jersey Consumer Fraud Act and Franchise Practices Act, and unjust enrichment. Seeking rescission of franchise agreements and monetary damages. Franchisor disputes merits and plans vigorous defense.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 18 hrs
- Training location
- On-site and corporate
- POS system
- Lighning
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Lighning
Item 20 · call current owners
Franchisee Contacts
80 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Farm Stores / Swiss Farms · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Farm Stores / Swiss Farms franchise?
The total investment to open a Farm Stores / Swiss Farms franchise ranges from $145K – $943K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Farm Stores / Swiss Farms franchise owners earn?
According to Item 19 of the Farm Stores / Swiss Farms FDD, the average gross sales per unit is $824K. The median is $698K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Farm Stores / Swiss Farms's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Farm Stores / Swiss Farms (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 Farm Stores / Swiss Farms franchise locations are there?
As of their most recent FDD filing, Farm Stores / Swiss Farms has 44 total units in the United States, including 41 franchised units and 0 company-owned units. 8 new units were opened in the latest reporting year.
Is Farm Stores / Swiss Farms a good franchise to buy?
FranchiseVerdict rates Farm Stores / Swiss Farms as a C-grade franchise with a risk score of 67 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.
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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.