MILIO’S Sandwiches
Formerly known as Regent Hotels & Resorts
Bottom line
- Total investment $131K – $445K including a $15K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $593K/year (median $618K).
- Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 20 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 18 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one MILIO’S Sandwiches unit return on the cash you put in?
Unlevered ROIC · per unit
26%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 MILIO’S Sandwiches units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$771K
on $3.9M purchase
Total debt
$3.1M
SBA $1.9M + senior + seller note
Overview
About
MILIO'S Sandwiches franchisees operate quick-service sandwich shops focused on customizable, made-to-order sandwiches. Daily operations include food preparation, inventory management, customer service, and point-of-sale management in small-format locations (typically 800–1,200 sq ft). Franchisees manage 3–8 employees per unit and handle local marketing, staffing, and regulatory compliance.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
MILIO'S presents moderate-to-cautious risk: undisclosed profitability metrics, small system size, tight investment ROI margins, and unproven unit economics make this suitable only for well-capitalized, risk-tolerant investors who can validate claims directly with existing franchisees.
Score breakdown · what drove the 44 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — unable to validate profitability claims against $593K average revenue
- 02MINORSmall unit count (18 locations) limits sample size for performance data reliability and franchisor operational maturity
- 03MINORHigh investment-to-revenue ratio: $445K max investment against $593K avg revenue creates thin margin for error and long payback period
- 04MINORModest unit growth (16.7% YoY) from a tiny base — growth trajectory unclear and vulnerable to market saturation in protected territories
- 05MINOR6% royalty on gross sales (not net) incentivizes franchisor revenue over franchisee profitability
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
18 numbers
One-time purchase · CSV download · Validation questions included
FDD download
MILIO’S Sandwiches · FDD (2025) PDF