Mighty Quinn’s BarbequeFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Mighty Quinn’s Barbeque franchise requires a total initial investment of $494K – $896K, including a $45K franchise fee and an ongoing 5.0% royalty[2]. Per the 2022 FDD, average unit revenue was $2.1M[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2022 FDD issuance
Overview
- Investment
- $494K – $896K
- 32nd pct Service Resta…
- Avg gross sales
- $2.1M
- 22nd pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 10
- 21st pct Service Resta…
- SBA default
- 0.0%
- 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
Each dollar invested generates 3.0x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $494K – $896K including a $45K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $2.1M/year (median $1.8M).
- Verdict B (Above Average) with a risk score of 59/100.
Item 1 · who you're contracting with
The Franchisor
- 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
Franchisees operate casual-dining quick-service barbecue restaurants, managing food preparation (brisket, ribs, pulled pork smoking/seasoning), point-of-sale operations, inventory control of perishable proteins, and staffing for lunch/dinner service. Daily operations involve managing high-labor, high-food-cost production cycles in a limited-service model competing in the crowded fast-casual BBQ segment.
- CEO
- Micha Magid
- Headquarters
- NJ
- Founded
- 2018
- FDD year
- 2022
- States available
- 2
FDD Item 7 · 2022 filing · 30 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.
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
$253K
12.0% margin
Unlevered ROIC
34%
EBITDA / total invested capital
Payback
35 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $494K – $896K
- Better than avg vs category
- Liquid capital req'd
- $40K – $50K
- Better than avg vs category
- Franchise fee
- $45K – $45K
- Better than avg vs category
- Royalty
- 5.0%
- percentage_of_gross · 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 | $2K |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $2.1M
- Per unit, per year
- Median gross sales
- $1.8M
- Item 19 type
- gross_sales
- Sample size
- 5 units
- vs category median 13 · small
- Range (low → high)
- $1.6M→$2.8M
- Cohort dispersion (min → max)
- Reporting year
- 2021
- Fiscal year the figures cover
- Transparency
- 6 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Mighty Quinn’s Barbeque Compares
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 (yr3)
- +0.0%
- Net unit change last year
3-year detail · Item 20
- Transfers (3yr)
- 0
- 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)
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
- 0.0%
- 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)
- N/A
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Mighty Quinn’s Barbeque's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 2 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
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 is 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: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 59 / 100 rating
- 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
- 04HIGHGoing 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 2 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| 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 | New Jersey |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 134 hrs
- Training location
- Passaic, NJ
- 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 $494K – $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?
According to Item 19 of the Mighty Quinn’s Barbeque FDD, the average gross sales per unit is $2.1M. The median is $1.8M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 0 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 risk score of 59 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.