Paris Banh Mi Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Paris Banh Mi is a fast-casual franchise serving Vietnamese banh mi sandwiches, pastries, and coffee with a French twist. Franchisees run the cafes, managing baking, food prep, and counter service.
FranchiseVerdict summary · 2026
A Paris Banh Mi franchise requires a total initial investment of $477K – $691K, including a $60K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $477K – $691K
- 75th pct Service Resta…
- Avg gross sales
- N/A
- 1 outlet
- Royalty
- N/A
- Units
- 1
- 3rd 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 $477K – $691K including a $60K franchise fee.
- RETURNSFigures from the audited Statement of Income and Balance Sheet of Paris Banh Mi Franchising, LLC (a Florida LLC), the franchisor, for the period from inception (February 8, 2023) through December 31, 2023, in whole US dollars (not scaled). This was the entity's first fiscal period; only a single year is presented, so yr2/prior-year is null. Total Revenue was $0 (initial franchise fees $0 and franchise royalty fees $0); Net Income $0. Balance sheet reconciles: total assets $180,000 = total liabilities $60,000 (deferred revenue $60,000) + members' equity $120,000 (members' contribution). Auditor: Divine Blalock Martin Sellari, LLC.
- RISKVerdict D (Below average), verdict score 29/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Paris Banh Mi Franchising LLC
- CEO title
- President
- Doan Nguyen
- Incorporated in
- FL
- HQ
- 198 Melton Avenue, Auburndale, Florida 33823
- Auditor
- Divine Blalock Martin Sellari, LLC
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
- CEO
- Doan Nguyen
- Headquarters
- FL
- Founded
- 2023
- FDD year
- 2025
- States available
- 11
Can you afford it, and what does the money buy?
Entry cost runs 11% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $60K | $60K |
| Working capital (3–6 mo) | $20K | $30K |
| Equipment, build-out, other | $397K | $601K |
| Total initial investment | $477K | $691K |
Source: Paris Banh Mi 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
- $477K – $691K
- Bottom third — review vs category
- Liquid capital req'd
- $20K – $30K
- Top 40% of category vs category
- Franchise fee
- $60K – $60K
- Bottom third — review vs category
- Royalty
- Continuing Service Royalty is a flat $1,000 per month, no…
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | $1,000 per month flat fee payable to franchisor |
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $0 |
| Training fee | $5K |
| Transfer fee | $18K |
| Renewal fee | $18K |
| Inventory (initial) | $10K – $20K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Paris Banh Mi 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 Paris Banh Mi unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
20%
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
Figures from the audited Statement of Income and Balance Sheet of Paris Banh Mi Franchising, LLC (a Florida LLC), the franchisor, for the period from inception (February 8, 2023) through December 31, 2023, in whole US dollars (not scaled). This was the entity's first fiscal period; only a single year is presented, so yr2/prior-year is null. Total Revenue was $0 (initial franchise fees $0 and franchise royalty fees $0); Net Income $0. Balance sheet reconciles: total assets $180,000 = total liabilities $60,000 (deferred revenue $60,000) + members' equity $120,000 (members' contribution). Auditor: Divine Blalock Martin Sellari, LLC.
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 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
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 Paris Banh Mi Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 1
- 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
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 1
- 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 20 · 5 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 loan disclosures. This brand has only 8 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 8
- Loan volume
- $5.3M
- Median loan
- $665K
- average
- Charge-off rate
- N/A
- limited sample (8 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- 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
Paris Banh Mi presents extreme risk due to failed going concern status, active litigation, regulatory investigation, and complete absence of financial performance disclosure, making franchise viability and franchisee profitability impossible to validate.
Litigation (Item 3)
Case 1: Paris Banh Mi Licensing & Supplies Inc. v. Huyen Tran and Paris Banh Mi Jacksonville Inc. (trademark infringement, filed May 2023). Cases 2-3: Franchisee/licensee suits against franchisor principals alleging FDUTPA violations, franchise act violations, fraud, breach of contract.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Divine Blalock Martin Sellari, LLC
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 29 / 100 verdict
- 01HIGHGoing Concern status is FALSE — franchisor may lack financial viability to support franchisees
- 02HIGHActive litigation including trademark infringement, breach of contract, and deceptive practice claims from licensees suggests operational and legal instability
- 03MINORWashington State Department of Financial Institutions investigation indicates potential regulatory violations or financial misconduct
- 04MEDNo disclosed average revenue or net income data prevents ROI validation and suggests either poor performance or deliberate opacity
- 05MED4% royalty on undisclosed sales revenue means franchisees cannot project actual profit margins
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% 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 | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| 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 | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Polk County, Florida |
| Jury trial waiver | Yes |
| Governing law | FL |
| Litigation count | 3 |
View Item 3 litigation summary
Case 1: Paris Banh Mi Licensing & Supplies Inc. v. Huyen Tran and Paris Banh Mi Jacksonville Inc. (trademark infringement, filed May 2023). Cases 2-3: Franchisee/licensee suits against franchisor principals alleging FDUTPA violations, franchise act violations, fraud, breach of contract.
Items 10, 11
Training & Operations
- Classroom training
- 12 hrs
- On-the-job training
- 47 hrs
- Training location
- Orlando, Florida
- Ongoing training
- Required
- Time to open
- 8 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- DK Mobility LLC POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: DK Mobility LLC POS
Item 20 · call current owners
Franchisee Contacts
8 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Paris Banh Mi · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Paris Banh Mi franchise?
The total investment to open a Paris Banh Mi franchise ranges from $477K – $691K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Paris Banh Mi franchise owners earn?
Paris Banh Mi 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 Paris Banh Mi 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 Paris Banh Mi FDD and qualifies whose outlets they describe.
What is Paris Banh Mi's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Paris Banh Mi (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 Paris Banh Mi franchise locations are there?
As of their most recent FDD filing, Paris Banh Mi has 1 total units in the United States, including 1 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is Paris Banh Mi a good franchise to buy?
FranchiseVerdict rates Paris Banh Mi as a D-grade franchise with a verdict score of 29 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.