Miller’s Famous Sandwiches Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Miller's Famous Sandwiches is a quick-service franchise serving specialty deli sandwiches. Franchisees run the shops, managing food prep, staffing, and counter service.
FranchiseVerdict summary · 2026
A Miller’s Famous Sandwiches franchise requires a total initial investment of $336K – $691K, including a $30K franchise fee and an ongoing 5.0% royalty[2]. The 2023 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2023 FDD issuance
Overview
- Investment
- $336K – $691K
- 55th pct Service Resta…
- Avg gross sales
- N/A
- Company-owned onlyn=2
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 2
- 9th 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 $336K – $691K including a $30K franchise fee, 5.0% ongoing royalty.
- RETURNSFigures from audited financial statements of Miller's Restaurant Group, LLC (the franchisor; a single-member-style LLC), year ended January 31, 2023, presented in whole US dollars (no scaling). The franchisor is a startup/shell entity: total revenues were $0 (no royalties, franchise fees, or other revenues recognized in 2023 or 2022). Balance sheet at 1/31/2023: cash and total assets $25,000, liabilities $0, members' equity $25,000 (reconciles). Net loss for FY2023 was $(2,150), comprised of selling, general and administrative expenses funded by member contributions. Only one entity is presented; no parent/guarantor statements. Auditor: Citrin Cooperman & Company, LLP.
- RISKVerdict C (Average), verdict score 44/100 (higher is better).
- DATAItem 19 reports gross sales and profit rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Miller's Restaurant Group, LLC
- CEO title
- Chief Executive Officer and President
- Gwendolyn Graham
- Incorporated in
- DE
- HQ
- 2345 Pawtucket Avenue, East Providence, Rhode Island 02914
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
- CEO
- Gwendolyn Graham
- Headquarters
- RI
- Founded
- 2017
- FDD year
- 2023
- States available
- 0
Can you afford it, and what does the money buy?
Entry cost runs 22% below the typical quick-service restaurants franchise.
Source: FDD 2023 · Items 5–7
Full Item 7 breakdown15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $30K | $30K | |
| Trainingnot refundable | $2K | $10K | |
| Furniture, Fixtures, Equipment & Smallwaresnot refundable | $138K | $188K | |
| Leasehold Improvementsnot refundable | $95K | $280K | |
| Lease and Utility Security Deposits | $5K | $18K | |
| Signsnot refundable | $5K | $25K | |
| Point-of-Sale/Back Office Systemnot refundable | $3K | $15K | |
| Licenses, Permits & Contingency Costsnot refundable | $1K | $3K | |
| Insurancenot refundable | $3K | $5K | |
| Professional Feesnot refundable | $2K | $5K | |
| Architecture Feesnot refundable | $5K | $15K | |
| Initial Inventorynot refundable | $8K | $12K | |
| Grand Opening Marketing Packagenot refundable | $10K | $10K | |
| Extension Feenot refundable | $0 | $15K | |
| Additional Funds - 3 Monthsnot refundable | $30K | $60K | |
| Total initial investment | $336K | $691K |
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
- $336K – $691K
- Middle of category vs category
- Liquid capital req'd
- $30K – $60K
- Middle of category vs category
- Franchise fee
- $30K – $30K
- Top 40% of category vs category
- Royalty
- 5.0%
- tiered · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 6.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $200 |
| Training fee | $2K |
| Transfer fee | $8K |
| Renewal fee | $10K |
| Inventory (initial) | $8K – $12K |
| Total fee load | 6.5% of rev |
What do units actually make?
Source: FDD 2023 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Miller’s Famous Sandwiches 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 Miller’s Famous Sandwiches unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
21%
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: 2023 FDD
Financial Performance
Figures from audited financial statements of Miller's Restaurant Group, LLC (the franchisor; a single-member-style LLC), year ended January 31, 2023, presented in whole US dollars (no scaling). The franchisor is a startup/shell entity: total revenues were $0 (no royalties, franchise fees, or other revenues recognized in 2023 or 2022). Balance sheet at 1/31/2023: cash and total assets $25,000, liabilities $0, members' equity $25,000 (reconciles). Net loss for FY2023 was $(2,150), comprised of selling, general and administrative expenses funded by member contributions. Only one entity is presented; no parent/guarantor statements. Auditor: Citrin Cooperman & Company, LLP.
Company-owned outlets only - not franchisee performance
Based on a sample of only 2
- Item 19 type
- gross sales and profit
- Sample size
- 2
- vs category median 20 · small
- Range (low → high)
- $1.4M→$2.6M
- Cohort dispersion (min → max)
- Reporting year
- 2022
- Fiscal year the figures cover
- Source filing
- FDD 2023
- Disclosed in the 2023 filing, covering 2022
- 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 6.5% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Item 19 reports gross sales and profit rather than annual gross sales, so unit revenue is not directly comparable.
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 Miller’s Famous Sandwiches Compares
Is the system healthy?
Source: FDD 2023 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- 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
- 2
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
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
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- 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 44 / 100 verdict
- 01MEDOnly 2 franchised units — critically small system with no disclosed growth trajectory suggests stagnant or failing franchise model
- 02HIGHGoing Concern = False indicates franchisor financial distress or operational viability problems
- 03MEDHigh investment range ($335.5K–$690.5K) with undisclosed net income creates opacity around actual profitability and ROI
- 04MINORExtreme unit concentration risk: only 2 locations means any closure materially damages franchise credibility and franchisor support capability
- 05MEDNo litigation disclosed but Going Concern status suggests underlying legal or operational issues not surfaced
- 06MINOR10-year term is long commitment to unproven system with minimal track record or peer validation
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2023 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 15 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | East Providence, Rhode Island |
| Jury trial waiver | No |
| Governing law | DE |
| 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
- 136 hrs
- Training location
- East Providence, RI and South Attleboro, MA (and online)
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Miller’s Famous Sandwiches · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Miller’s Famous Sandwiches franchise?
The total investment to open a Miller’s Famous Sandwiches franchise ranges from $336K – $691K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Miller’s Famous Sandwiches franchise owners earn?
Miller’s Famous Sandwiches 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 Miller’s Famous Sandwiches 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 Miller’s Famous Sandwiches FDD and qualifies whose outlets they describe.
What is Miller’s Famous Sandwiches's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Miller’s Famous Sandwiches (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 Miller’s Famous Sandwiches franchise locations are there?
As of their most recent FDD filing, Miller’s Famous Sandwiches has 2 total units in the United States, including 0 franchised units and 2 company-owned units.
Is Miller’s Famous Sandwiches a good franchise to buy?
FranchiseVerdict rates Miller’s Famous Sandwiches as a C-grade franchise with a verdict score of 44 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?
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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.