Nick and MoesFranchise Cost, Revenue & Review 2026
Formerly known as Nick & Moes
Data from FDD filing
FranchiseVerdict summary · 2026
A Nick and Moes franchise requires a total initial investment of $254K – $3.2M, including a $45K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $10.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $254K – $3.2M
- 46th pct Service Resta…
- Avg gross sales
- $10.1M
- 58th pct Service Resta…
- Royalty
- 5.0%
- 13th pct Service Resta…
- Units
- 6
- 25th pct Service Resta…
- SBA default
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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 5.9x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $254K – $3.2M including a $45K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $10.1M/year.
- Verdict A (Top Quintile) with a risk score of 30/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- NICK AND MOES FRANCHISE LLC
- Incorporated in
- FL
- HQ
- 710 Oakfield Drive, Unit 225, Brandon, FL 33511
- Auditor
- SMITH, BUZZI & ASSOCIATES, LLC.
- Audited financials
- Franchisor revenue
- $26K
- vs $151K prior year
Overview
About
Nick and Moes franchisees operate what appears to be a casual dining or quick-service restaurant concept. Day-to-day responsibilities include managing front-of-house and kitchen operations, maintaining food quality standards, supervising staff, managing inventory, and driving local marketing to meet average unit volumes around $10.1M annually.
- CEO
- Mohammed (“Moe”) Isa
- Headquarters
- FL
- Founded
- 2022
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $25K | $50K |
| Equipment, build-out, other | $184K | $3.1M |
| Total initial investment | $254K | $3.2M |
Source: Nick and Moes 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$1.7M
17.0% margin
Unlevered ROIC
98%
EBITDA / total invested capital
Payback
12 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $254K – $3.2M
- Near category avg vs category
- Liquid capital req'd
- $25K – $50K
- Near category avg vs category
- Franchise fee
- $45K – $45K
- Below avg, review vs category
- Royalty
- 5.0%
- Gross Revenue · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $400 |
| Transfer fee | $14K |
| Renewal fee | $14K |
| Total fee load | 5.0% of rev |
A 5.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $10.1M
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- gross_sales
- Sample size
- 6 units
- vs category median 28 · small
- Range (low → high)
- $5.1M→$16.4M
- Cohort dispersion (min → max)
- Transparency
- 3 / 5
- vs category median 4 / 5 · below
Compared against 453 Quick-Service Restaurants brands
Revenue is 5.9x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Quick-Service Restaurants averages
How Nick and Moes Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 6
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA 7(a) loan data available for this brand. Switch to 504 to see available data.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage franchise with minimal operating units, undisclosed profitability metrics, and franchisor going concern issues presenting substantial investment risk.
Audited financials (Item 21)
Yes · SMITH, BUZZI & ASSOCIATES, LLC.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 30 / 100 rating
- 01MEDOnly 6 units system-wide suggests extremely limited track record and viability data for franchisees to validate
- 02MEDNet income not disclosed in FDD Item 19 prevents assessment of actual profitability and return on investment
- 03MINORWide investment range ($253.5K–$3.175M) indicates highly variable unit economics with unclear cost drivers and scalability
- 04HIGHGoing Concern = False status raises questions about franchisor financial stability and long-term support
- 05MINORRoyalty escalation (5% to 6%) combined with no profitability data creates unknown cash flow impact by Year 2
- 06HIGHNo disclosed litigation but micro-system size limits ability to identify historical franchisee disputes or failures
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 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 13 hrs
- On-the-job training
- 11 hrs
- POS system
- Gilbarco passport, Verifone, mPower Beverage Software, CRONYPOS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Gilbarco passport, Verifone, mPower Beverage Software, CRONYPOS
Item 20 · call current owners
Franchisee Contacts
17 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Nick and Moes · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Nick and Moes franchise?
The total investment to open a Nick and Moes franchise ranges from $254K – $3.2M, 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 Nick and Moes franchise owners earn?
According to Item 19 of the Nick and Moes FDD, the average gross sales per unit is $10.1M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Nick and Moes's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Nick and Moes (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 Nick and Moes franchise locations are there?
As of their most recent FDD filing, Nick and Moes has 6 total units in the United States, including 0 franchised units and 6 company-owned units.
Is Nick and Moes a good franchise to buy?
FranchiseVerdict rates Nick and Moes as a A-grade franchise with a risk score of 30 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.
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.