New York Fries Franchise Cost, Revenue & Review 2026
- Investment
- $450K – $1.2M
- Disclosed sales
- not disclosed
- SBA charge-off
- Under 10 loans (2)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
New York Fries is a quick-service franchise known for fresh-cut French fries, poutine, and hot dogs. Franchisees run the locations, managing food prep, staffing, and counter service, often in malls.
FranchiseVerdict summary · 2026
A New York Fries franchise requires a total initial investment of $450K – $1.2M, including a $30K franchise fee and an ongoing 6.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: D (Below 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: medium - issued 12 to 24 months ago; a newer filing is likely on file
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 scored5 of 5 headline figures on this page cite a page of the filing.
Overview
- Investment
- $450K – $1.2M
- 70th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 6.0%
- 48th pct Service Resta…
- Units
- 4
- 18th 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 $450K – $1.2M including a $30K franchise fee, 6.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict D (Below average), verdict score 34/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (0 opened, 0 closed) (Item 20).
- DATAThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Recipe Unlimited US, LLC
- Parent company
- Recipe Unlimited Corporation
- FDD Item 1, page 9 of the 2025 FDD
- CEO title
- President, Limited Service Restaurants & Emerging Brands
- Dave Colebrook
- Incorporated in
- DE
- HQ
- 199 Four Valley Drive, Vaughan, Ontario, Canada L4K 0B8
- Auditor
- KPMG LLP
- Audited financials
- Franchisor revenue
- $1.4B
- vs $1.4B prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Dave Colebrook
- Headquarters
- DE
- Founded
- 2021
- FDD year
- 2025
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 73% above the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $30K | $30K | |
| Rent (1 Month)not refundable | $5K | $25K | |
| Security Deposit (2 Months' Rent)not refundable | $10K | $50K | |
| Leasehold Improvements, Furniture and Fixturesnot refundable | $203K | $792K | |
| Signagenot refundable | $25K | $30K | |
| Equipment and Smallwaresnot refundable | $103K | $162K | |
| Initial Training Expensesnot refundable | $5K | $10K | |
| Pre-Opening Payroll Costsnot refundable | $3K | $5K | |
| Permits and Licensesnot refundable | $1K | $19K | |
| Digital Systemnot refundable | $20K | $28K | |
| Initial Inventory/Suppliesnot refundable | $3K | $5K | |
| Professional Servicesnot refundable | $5K | $10K | |
| Grand Opening Marketing Expensesnot refundable | $5K | $8K | |
| Insurancenot refundable | $8K | $30K | |
| Additional Funds - For Initial 3-Month Periodnot refundable | $25K | $30K | |
| Total initial investment | $450K | $1.2M |
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
- $450K – $1.2M
- Bottom third — review vs category
- Liquid capital req'd
- $25K – $30K
- Middle of category vs category
- Franchise fee
- $30K – $30K
- Top 40% of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 2.5%
- typical 3–5%
- Total fee load
- 8.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.5% of gross sales |
| Technology fee | $0 |
| Training fee | $50 |
| Transfer fee | $15K |
| Renewal fee | $8K |
| Inventory (initial) | $3K – $5K |
| Total fee load | 8.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
New York Fries makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. 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 New York Fries 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: 2025 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
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 8.5% (near the Quick-Service Restaurants median).
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
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 New York Fries 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 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 4
- 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
- 4
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 5
- Franchisor's next-year forecast
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
- $220K
- Median loan
- $110K
- 50th percentile
- 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
New York Fries presents HIGH RISK due to a near-defunct 4-unit system, multiple pending lawsuits for misrepresentation, missing financial disclosures, and unprotected territories—investors cannot assess returns or validate the business model.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Six pending matters disclosed: (1) K & B Atlantic Inc. v. Recipe Unlimited Corporation (Newfoundland, 2019) — former Milestones franchisee seeking ~CAD $4.9M; (2) N.A.M. 9 Hospitality Inc. v. Recipe Unlimited Corporation (Ontario, 2021) — former Fionn MacCool's franchisee seeking CAD $4M; (3) 2589352 Ontario Inc. v. Recipe Unlimited Corporation (Ontario, 2021) — former Kelseys franchisee seeking CAD $2.7M; (4) First of Five Inc. v. JSM Corporation and Recipe Unlimited Corporation (Ontario, 2017/2023) — Harvey's franchisee HVAC/lease dispute seeking CAD $24,706; (5) 9264-0101 Quebec Inc. v. Recipe Unlimited Corporation (Quebec, 2019) — Harvey's franchisee seeking ~CAD $150,000; (6) 2642681 Ontario Inc. v. Recipe Unlimited Corporation (ADRIC arbitration, 2023) — former NYF India master licensee, amounts unspecified. All cases involve Parent, not the US franchisor.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · KPMG LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Parent (Recipe Unlimited Corporation) financials in CAD thousands. CAD amounts converted at face value. 2024 average CAD/USD rate was 1.37 per FDD. Includes all Parent brands, not just NYF.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 34 / 100 verdict
- 01MINOROnly 4 operating units suggests a collapsing or stalled franchise system with minimal growth trajectory
- 02MINORSix pending legal actions against parent company involving misrepresentation and breach of contract indicate systemic operational or disclosure issues
- 03MINORUnprotected territory creates direct competition risk—franchisees can cannibalize each other's sales in same market
- 04MED6% royalty on undisclosed revenue streams makes profitability modeling impossible; combined with $30k fee, margin sustainability is unclear
- 05MINOR10-year term with only 4 units suggests poor franchisee retention and high failure/exit rates
- 06HIGHParent company litigation in multiple countries (Canada, India) indicates franchise model may be fundamentally flawed or misrepresented
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · 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 |
| 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 | 5 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 21 days |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Mandatory arbitration | No |
| Arbitration location | Toronto, Ontario, Canada (mediation); Delaware courts (litigation) |
| Jury trial waiver | No |
| Governing law | DE |
| Litigation count | 6 |
View Item 3 litigation summary
Six pending matters disclosed: (1) K & B Atlantic Inc. v. Recipe Unlimited Corporation (Newfoundland, 2019) — former Milestones franchisee seeking ~CAD $4.9M; (2) N.A.M. 9 Hospitality Inc. v. Recipe Unlimited Corporation (Ontario, 2021) — former Fionn MacCool's franchisee seeking CAD $4M; (3) 2589352 Ontario Inc. v. Recipe Unlimited Corporation (Ontario, 2021) — former Kelseys franchisee seeking CAD $2.7M; (4) First of Five Inc. v. JSM Corporation and Recipe Unlimited Corporation (Ontario, 2017/2023) — Harvey's franchisee HVAC/lease dispute seeking CAD $24,706; (5) 9264-0101 Quebec Inc. v. Recipe Unlimited Corporation (Quebec, 2019) — Harvey's franchisee seeking ~CAD $150,000; (6) 2642681 Ontario Inc. v. Recipe Unlimited Corporation (ADRIC arbitration, 2023) — former NYF India master licensee, amounts unspecified. All cases involve Parent, not the US franchisor.
Items 10, 11
Training & Operations
- Classroom training
- 21 hrs
- On-the-job training
- 106 hrs
- Training location
- Toronto, Canada / Virtual
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- Site selection
- Franchisor approves; franchisee selects
- Franchisor financing
- Not offered
- Item 10
- POS system
- Oracle (POS); Pinnacle IP Solutions (back office); FreedomPay (payment platform)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Oracle (POS); Pinnacle IP Solutions (back office); FreedomPay (payment platform)
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 New York Fries franchise?
The total investment to open a New York Fries franchise ranges from $450K – $1.2M, 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 New York Fries franchise owners earn?
New York Fries makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns New York Fries?
New York Fries is franchised by Recipe Unlimited US, LLC. Its parent company is Recipe Unlimited Corporation. Source: FDD Item 1, 2025 filing.
What is Item 19 in the New York Fries 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 New York Fries FDD and qualifies whose outlets they describe.
What is New York Fries's franchise failure rate?
SBA 7(a) loan charge-off data is not available for New York Fries (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 New York Fries franchise locations are there?
As of their most recent FDD filing, New York Fries has 4 total units in the United States.
Is New York Fries a good franchise to buy?
FranchiseVerdict rates New York Fries as a D-grade franchise with a verdict score of 34 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
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.