Nick and Moes Franchise Cost, Revenue & Review 2026
Formerly known as Nick & Moes
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Nick and Moes is a convenience store franchise operating c-stores with gas stations and Nick & Moes fried chicken, or c-stores with a liquor store. Franchisees run the stores, managing fuel, foodservice, retail, and staffing.
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]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $254K – $3.2M
- 6th pct Food Retail
- Avg gross sales
- N/A
- Company-owned only
- Royalty
- 5.0%
- 1st pct Food Retail
- Units
- 6
- 2nd pct Food Retail
- SBA charge-off
- N/A
Quick verdict · Food Retail · color = vs category peers
Green = favorable by >10% vs Food Retail 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 $254K – $3.2M including a $45K franchise fee, 5.0% ongoing royalty.
- RETURNSFY2024 total revenues of $151,356 comprise net franchise sales (franchise sales $174,990 plus prior deferral recognition $2,615 less deferred franchise fee $26,249); no other income.
- RISKVerdict B (Above average), verdict score 51/100 (higher is better).
- DATAItem 19 reports affiliate outlet gross revenue 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
- Nick and Moes Franchise LLC
- CEO title
- CEO
- Mohammed ("Moe") Isa
- Incorporated in
- FL
- HQ
- 710 Oakfield Drive, Unit 225, Brandon, FL 33511
- Auditor
- Smith, Buzzi & Associates, LLC.
- Audited financials
- Franchisor revenue
- $151K
- vs $26K prior year
Overview
About
- CEO
- Mohammed ("Moe") Isa
- Headquarters
- FL
- Founded
- 2022
- FDD year
- 2025
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 102% above the typical food retail franchise.
Source: FDD 2025 · Items 5–7
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $254K – $3.2M
- Top 40% of category vs category
- Liquid capital req'd
- $25K – $50K
- Top 40% of category vs category
- Franchise fee
- $45K – $45K
- Top 40% of category vs category
- Royalty
- 5.0%
- tiered · 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 |
| Inventory (initial) | $100K – $220K |
| Total fee load | 5.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Nick and Moes 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 Nick and Moes unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
4%
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: 2025 FDD
Financial Performance
FY2024 total revenues of $151,356 comprise net franchise sales (franchise sales $174,990 plus prior deferral recognition $2,615 less deferred franchise fee $26,249); no other income.
Company-owned outlets only - not franchisee performance
- Item 19 type
- affiliate outlet gross revenue
- Sample size
- 6
- vs category median 24 · small
- Range (low → high)
- $5.1M→$16.4M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 3 / 10
- vs category median 0 / 10 · above
Compared against 142 Food Retail 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 5.0% — below the Food Retail average of 9.2%.
Disclosure
Item 19 reports affiliate outlet gross revenue 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 Food Retail averages
How Nick and Moes Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 6
- 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
- 6
- 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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state 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.
1
states with franchisees (per FDD Item 12)
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.
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
Early-stage franchise with minimal operating units, undisclosed profitability metrics, and franchisor going concern issues presenting substantial investment risk.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Smith, Buzzi & Associates, LLC.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 51 / 100 verdict
- 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
- 06MEDNo 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
What are you signing up for?
Ongoing fees run about 5.0% 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 |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 5 mi |
| Online sales rights | 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 | Brandon, FL (where franchisor headquarters are located) |
| Jury trial waiver | Yes |
| Governing law | FL |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 13 hrs
- On-the-job training
- 11 hrs
- Training location
- Affiliate location in Lakeland or Bradenton, FL or another franchisor-designated training center
- Ongoing training
- Required
- Field support
- 40 hrs/yr
- On-site visits per year
- Time to open
- 4 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Gilbarco Passport or Verifone POS (C-store); mPower Beverage Software (Liquor Store); CRONYPOS (Fried Chicken)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Gilbarco Passport or Verifone POS (C-store); mPower Beverage Software (Liquor Store); CRONYPOS (Fried Chicken)
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?
Nick and Moes 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 Nick and Moes 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 Nick and Moes FDD and qualifies whose outlets they describe.
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 B-grade franchise with a verdict score of 51 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
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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.