Mighty Quinn’s Barbeque Franchise Cost, Revenue & Review 2026
- Investment
- $739K – $896K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Under 10 loans (2)
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 on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 6 headline figures on this page cite a page of the filing.
Overview
- Investment
- $739K – $896K
- 87th pct Service Resta…
- Avg gross sales
- N/A
- Incl. company outletsn=1
- Royalty
- 5.0%
- 12th 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 median · 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.
- RETURNSItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
- RISKVerdict B (Above average), verdict score 50/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (0 opened, 0 closed); 5 signed but not yet open (Item 20).
- 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
- FDD Item 1, page 8 of the 2022 FDD
- 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 68% above the typical quick-service restaurants franchise.
Source: FDD 2022 · Items 5–7
Full Item 7 breakdown15 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 | |
| Total initial investment | $739K | $896K |
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 by sales volume · 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
No Item 19 revenue figure for Mighty Quinn’s Barbeque is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Mighty Quinn’s Barbeque unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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
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 19 · small
- Reported figure
- $1.6MCited, not corroborated — printed on page 53 of the 2022 FDD. Nothing else in our record independently restates or re-derives it.
- A single outlet — not a range
- Reporting year
- 2021
- Fiscal year the figures cover
- Source filing
- FDD 2022
- Disclosed in the 2022 filing, covering 2021
- Transparency
- 6 / 10
- vs category median 4 / 10 · above
Compared against 781 Quick-Service Restaurants brands
Item 19 · by group
What the filing does disclose
Item 19 of this FDD reports performance in more than one group. We publish no single average for this brand; the groups the filing does disclose are listed below, quoted from its own Item 19 table.
Each row below is quoted from the FDD's own Item 19 table. Gross sales are not profit.
Incl. company outletsn=1Item 19 detail
individual outlet
| Segment | Sample | Avg |
|---|---|---|
| East Village NYC (Company Owned) | 1 | $1.8M |
| West Village NYC (Company Owned) | 1 | $1.8M |
| Upper East Side NYC (Company Owned) | 1 | $2.7M |
| Battery Park City NYC (Company Owned) | 1 | $1.6M |
| Clifton NJ (Company Owned) | 1 | $2.8M |
| Garden City NY Flagship (Franchise Outlet) | 1 | $1.6M |
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 median of 7.5%.
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 medians
How Mighty Quinn’s Barbeque Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
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
- N/A
- 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
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 5
- 0.50 per open outlet · Item 20 Table 5
- 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)
Where the owners are · Item 20 owner list
1 current owner across 1 state.
- NY 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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
- Under 10 loans (2)
- Insufficient SBA coverage: 2 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (2)
- 5-yr charge-off
- Under 10 loans (2)
- 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)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
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)
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.
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 50 / 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
- 04MINORHigh 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 territory |
| 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
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?
Item 19 of the Mighty Quinn’s Barbeque FDD discloses outlet figures from $1.6M to $1.6M but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Mighty Quinn’s Barbeque?
Mighty Quinn’s Barbeque is franchised by Mighty Quinn's Franchising, LLC. Its parent company is Mighty Quinn's Holdings, LLC. Source: FDD Item 1, 2022 filing.
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 50 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.