OddFellowsFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A OddFellows franchise requires a total initial investment of $234K – $591K, including a $30K franchise fee and an ongoing 6.0% royalty[2]. Per the 2024 FDD, average unit revenue was $536K[2]. Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $234K – $591K
- 41st pct Service Resta…
- Avg gross sales
- $536K
- 11th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 5
- 22nd 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
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $234K – $591K including a $30K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $536K/year.
- Verdict D (Below Average) with a risk score of 75/100.
- Emerging franchise: only 2 years of franchising with 5 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- OddFellows Franchise, LLC
- CEO title
- CEO
- Kartik Mohan Kumar
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- FL
- HQ
- 718 S Village Circle, Tampa, FL 33606
- Auditor
- Naper CPA Group
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
OddFellows is an artisanal ice cream shop concept where franchisees operate retail locations focused on premium, hand-crafted ice cream products. Day-to-day operations involve product preparation, customer service, inventory management, and local marketing in protected territories. The business model emphasizes quality ingredients and experiential retail similar to craft ice cream boutiques.
- CEO
- Kartik Mohan Kumar
- Headquarters
- FL
- Founded
- 2023
- FDD year
- 2024
- States available
- 2
FDD Item 7 · 2024 filing · 18 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $30K | $30K | |
| Initial franchise feenot refundable | $30K | $30K | |
| Rent and Lease Security Deposit | $2K | $24K | |
| Utilities | $200 | $1K | |
| Leasehold Improvementsnot refundable | $75K | $250K | |
| Market Introduction Programnot refundable | $3K | $6K | |
| Furniture, Fixtures, and Equipmentnot refundable | $60K | $150K | |
| Computer Systemsnot refundable | $2K | $4K | |
| Insurancenot refundable | $500 | $2K | |
| Signagenot refundable | $3K | $8K | |
| Office Expensesnot refundable | $500 | $1K | |
| Inventorynot refundable | $15K | $30K | |
| Licenses and Permitsnot refundable | $100 | $2K | |
| Professional Fees (lawyer, accountant, etc.)not refundable | $1K | $3K | |
| Travel, lodging and meals for initial trainingnot refundable | $3K | $6K | |
| Additional funds (for first 3 months)not refundable | $40K | $75K | |
| Additional initial franchise fees (MUDA)not refundable | $23K | $90K | |
| Business planning and miscellaneous expenses (MUDA)not refundable | $1K | $5K | |
| Total initial investment | $288K | $716K |
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.
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
$70K
13.0% margin
Unlevered ROIC
15%
EBITDA / total invested capital
Payback
6.7 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $234K – $591K
- Near category avg vs category
- Liquid capital req'd
- $40K – $75K
- Below avg, review vs category
- Franchise fee
- $30K – $30K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Training fee | $350 |
| Transfer fee | $10K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $536K
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- Historical financial performance of company-owned locations
- Sample size
- 5 units
- vs category median 28 · small
- Range (low → high)
- $390K→$682K
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How OddFellows Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 5
- Opened
- 0
- Last reporting year
- Closed
- 2
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 40.0%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 4
- Franchisor's next-year forecast
- Ceased ops
- 40.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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 loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Micro-system with undisclosed profitability, going concern status, and minimal unit growth creates substantial execution risk despite reasonable unit economics on paper.
Litigation (Item 3)
No litigation is required to be disclosed in this Item.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Naper CPA Group
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 75 / 100 rating
- 01MEDOnly 5 units system-wide indicates extremely limited scale and market validation
- 02MINORNo net income disclosure (Item 19) prevents accurate ROI assessment despite $490K avg revenue
- 03HIGHGoing Concern status is FALSE, suggesting potential franchisor financial instability or operational issues
- 04MINORUnknown unit growth trajectory raises questions about system viability and franchisee success rates
- 05MEDWide investment range ($234K-$591K) with no disclosed profitability creates uncertainty on breakeven timeline
- 06MED6% royalty on $490K average revenue = $29.4K annual ongoing fees with no clear path to disclosed profit
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 | 5 years |
| Allowed renewalsℹ | 3 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 100,000 |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Tampa, Florida |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in this Item.
Items 10, 11
Training & Operations
- Classroom training
- 75 hrs
- On-the-job training
- 44 hrs
- Ongoing training
- Required
- Field support
- 32 hrs/yr
- On-site visits per year
- Time to open
- 6 mo
- From signing to launch
- POS system
- Square or Clover
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square or Clover
Item 20 · call current owners
Franchisee Contacts
14 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
OddFellows · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a OddFellows franchise?
The total investment to open a OddFellows franchise ranges from $234K – $591K, 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 OddFellows franchise owners earn?
According to Item 19 of the OddFellows FDD, the average gross sales per unit is $536K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is OddFellows's franchise failure rate?
SBA 7(a) loan charge-off data is not available for OddFellows (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 OddFellows franchise locations are there?
As of their most recent FDD filing, OddFellows has 5 total units in the United States, including 0 franchised units and 5 company-owned units.
Is OddFellows a good franchise to buy?
FranchiseVerdict rates OddFellows as a D-grade franchise with a risk score of 75 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
Are you the franchisor?
If you represent OddFellows, you can request corrections or provide updated information.
Claim this brandOther Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-Service Restaurants category
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.