Mighty Quinn’s Barbeque Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Mighty Quinn's Barbeque is a fast-casual franchise serving slow-smoked brisket, ribs, and barbecue sandwiches. Franchisees run the restaurants, managing smoking, food prep, and counter service.
FranchiseVerdict summary · 2026
A Mighty Quinn’s Barbeque franchise requires a total initial investment of $739K – $896K, including a $45K franchise fee and an ongoing 5.0% royalty[2]. The 2022 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2022 FDD issuance
Overview
- Investment
- $739K – $896K
- 88th pct Service Resta…
- Avg gross sales
- N/A
- Incl. company outletsn=1
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 10
- 37th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $739K – $896K including a $45K franchise fee, 5.0% ongoing royalty.
- RETURNSFY ended December 31, 2021 audited statement of income. Total revenue $185,497 = franchise and area development fees $73,098 + brand development fund fees $15,527 + royalties $80,823 + other income $16,049. Prior year (FY2020) total revenue $154,473.
- RISKVerdict B (Above average), verdict score 53/100 (higher is better).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Mighty Quinn's Franchising, LLC
- Parent company
- Mighty Quinn's Holdings, LLC
- CEO title
- Co-Founder, Co-CEO and Managing Member
- Micha Magid
- CEO experience
- 12 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 90 Dayton Avenue, Suite 88, Passaic, NJ 07055
- Auditor
- Perlson LLP
- Audited financials
- Franchisor revenue
- $185K
- vs $154K prior year
Overview
About
- CEO
- Micha Magid
- Headquarters
- NJ
- Founded
- 2018
- FDD year
- 2022
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 24% above the typical quick-service restaurants franchise.
Source: FDD 2022 · Items 5–7
Full Item 7 breakdown30 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (Flagship)not refundable | $45K | $45K | |
| Construction and Leasehold Improvements (Flagship)not refundable | $335K | $415K | |
| Furniture, Fixtures and Equipment (Flagship)not refundable | $229K | $255K | |
| Signs (Flagship)not refundable | $10K | $15K | |
| Computer, Software and Point of Sales System (Flagship)not refundable | $4K | $4K | |
| Initial Inventory (Flagship)not refundable | $16K | $18K | |
| Prepaid Rent and Lease Deposits (Flagship)not refundable | $23K | $41K | |
| Utility Deposits (Flagship)not refundable | $3K | $5K | |
| Insurance Deposits (Flagship)not refundable | $12K | $15K | |
| Travel for Initial Training (Flagship)not refundable | $3K | $5K | |
| Grand Opening Marketing Expense (Flagship)not refundable | $5K | $8K | |
| Professional Fees (Flagship)not refundable | $15K | $20K | |
| Business Licenses and Permits (Flagship)not refundable | $750 | $2K | |
| Printing, Stationary and Office Supplies (Flagship)not refundable | $500 | $1K | |
| Additional Funds - Initial period of 3 months (Flagship)not refundable | $40K | $50K | |
| Initial Franchise Fee (Satellite)not refundable | $45K | $45K | |
| Construction and Leasehold Improvements (Satellite)not refundable | $225K | $375K | |
| Furniture, Fixtures and Equipment (Satellite)not refundable | $100K | $109K | |
| Signs (Satellite)not refundable | $10K | $15K | |
| Computer, Software and Point of Sales System (Satellite)not refundable | $4K | $4K | |
| Total initial investment | $1.2M | $1.6M |
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
- $739K – $896K
- Bottom third — review vs category
- Liquid capital req'd
- $40K – $50K
- Bottom third — review vs category
- Franchise fee
- $45K – $45K
- Bottom third — review vs category
- Royalty
- 5.0%
- tiered · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $200 |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Inventory (initial) | $16K – $18K |
| Total fee load | 6.0% of rev |
What do units actually make?
Source: FDD 2022 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Mighty Quinn’s Barbeque did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Mighty Quinn’s Barbeque unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
14%
Below the 30–60% attractive-franchise band
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: 2022 FDD
Financial Performance
FY ended December 31, 2021 audited statement of income. Total revenue $185,497 = franchise and area development fees $73,098 + brand development fund fees $15,527 + royalties $80,823 + other income $16,049. Prior year (FY2020) total revenue $154,473.
Includes company-owned outlets
Based on a single reporting unit - not a system average
- Item 19 type
- gross sales by outlet
- Sample size
- 1
- vs category median 20 · small
- Reported figure
- $1.6M
- A single outlet — not a range
- Reporting year
- 2022
- Fiscal year the figures cover
- Source filing
- FDD 2022
- The FDD edition these figures were read from
- Transparency
- 6 / 10
- vs category median 4 / 10 · above
Compared against 782 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
Net unit growth of +100.0% over 3 years (0 opened, 0 closed).
Multi-unit rate
33% of franchisees own multiple units, a moderate multi-unit rate.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Mighty Quinn’s Barbeque Compares
Is the system healthy?
Source: FDD 2022 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 10
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 9
- Corporate units in the system
- % franchised
- 10%
- vs corporate-owned
- Multi-unit owners
- 33.3%
- Net growth (3-yr)
- +100.0%
- Net unit change over 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 15
- Franchisor's next-year forecast
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 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.
2
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $1.6M
- Median loan
- $819K
- average
- Charge-off rate
- N/A
- limited sample (2 loans) — rate not shown below 10
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
- 2
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Mighty Quinn's presents meaningful caution: a micro-unit system with undisclosed profitability metrics, unclear growth prospects, and significant upfront capital requirements that demand rigorous validation before investment.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Perlson LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 53 / 100 verdict
- 01MINOROnly 10 units system-wide with unknown/stagnant growth trajectory raises expansion viability concerns
- 02MINORNo net income disclosure (Item 19) prevents accurate ROI analysis and profitability verification
- 03MINORTiered royalty structure (5-6%) combined with high initial investment ($494K-$896K) creates margin compression risk
- 04MEDGoing Concern status unknown/not disclosed; potential franchisor financial instability
- 05MINORHigh cost-of-goods for QSR barbecue (labor, meat, preparation) may compress margins below industry average
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2022 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Passaic County, New Jersey |
| Jury trial waiver | Yes |
| Governing law | NJ |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 134 hrs
- Training location
- Passaic, NJ (training facility and affiliate-owned restaurant)
- Ongoing training
- Required
- Time to open
- 9 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Mighty Quinn’s Barbeque · FDD (2022) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mighty Quinn’s Barbeque franchise?
The total investment to open a Mighty Quinn’s Barbeque franchise ranges from $739K – $896K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Mighty Quinn’s Barbeque franchise owners earn?
Mighty Quinn’s Barbeque 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 Item 19 in the Mighty Quinn’s Barbeque 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 Mighty Quinn’s Barbeque FDD and qualifies whose outlets they describe.
What is Mighty Quinn’s Barbeque's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Mighty Quinn’s Barbeque (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 Mighty Quinn’s Barbeque franchise locations are there?
As of their most recent FDD filing, Mighty Quinn’s Barbeque has 10 total units in the United States, including 1 franchised units and 9 company-owned units.
Is Mighty Quinn’s Barbeque a good franchise to buy?
FranchiseVerdict rates Mighty Quinn’s Barbeque as a B-grade franchise with a verdict score of 53 out of 100 (higher is better), 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 Mighty Quinn’s Barbeque, you can request corrections or provide updated information.
Other Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-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.