Saladworks Franchise Cost, Revenue & Review 2026
- Investment
- $484K – $678K
- Disclosed sales
- $781K
- gross sales, not profit
- SBA charge-off
- 31.4%
- on 149 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Saladworks is a fast-casual franchise serving build-your-own salads, wraps, and grain bowls from fresh ingredients. Franchisees run restaurants managing prep, assembly-line service, and staffing.
FranchiseVerdict summary · 2026
A SALADWORKS franchise requires a total initial investment of $484K – $678K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $781K[2]. SBA 7(a) loans show a 31.4% charge-off rate across 149 loans[1]. FranchiseVerdict grade: C (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: low - issued within the last 12 months
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 scored6 of 7 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $484K – $678K
- 74th pct Service Resta…
- Avg gross sales
- $781K
- Net sales13th pct Service Resta…
- Royalty
- 6.0%
- 48th pct Service Resta…
- Units
- 84
- 74th pct Service Resta…
- SBA charge-off
- 31.4%
- % of SBA 7(a) loans not repaid · median varies by category
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 $484K – $678K including a $35K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $781K/year.
- RISKVerdict C (Average), verdict score 40/100 (higher is better). SBA loan charge-off rate of 31.4% across 149 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHNegative: net -5 franchised outlets in the latest year (5 opened, 10 closed); 20 signed but not yet open (Item 20).
- DECLINESystem contracting at -11.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Saladworks, LLC
- Parent company
- Restaurant Co., LLC dba WOWorks
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- CLP Dining, LLC
- FDD Item 1, page 8 of the 2026 FDD
- Predecessor
- Saladworks, LLC (DE) / SW Liquidation, LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer and President
- Bryan Kelly Roddy
- Incorporated in
- Illinois
- HQ
- 3135 1st Avenue N., Suite 15459, St. Petersburg, Florida, 33733
- Auditor
- Katz, Sapper & Miller, LLP
- Audited financials
- Franchisor revenue
- $32.1M
- vs $34.8M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- and has not offered franchises in any line of business
- an additional fee
- has operated a business of the type being franchised s
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 8
4 other brands on this site name CLP Dining, LLC as parent or ultimate parent in their own FDD.
Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Bryan Kelly Roddy
- Headquarters
- FL
- Founded
- 2015
- FDD year
- 2026
- States available
- 20
Can you afford it, and what does the money buy?
Entry cost runs 20% above the typical quick-service restaurants franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $15K | $35K |
| Equipment, build-out, other | $434K | $608K |
| Total initial investment | $484K | $678K |
Source: SALADWORKS 2026 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
- $484K – $678K
- Bottom third — review vs category
- Liquid capital req'd
- $15K – $35K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 3.0% of net sales |
| Technology fee | $2K |
| Transfer fee | $13K |
| Renewal fee | $5K |
| Inventory (initial) | $9K – $15K |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 20% below the quick-service restaurants norm.
Reported as net sales, not gross sales
Source: FDD 2026 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for SALADWORKS until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for 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.
Total invested capital · disclosed
$606K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one SALADWORKS 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 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.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for 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.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
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: 2026 FDD
Financial Performance
Reported as net sales, not gross sales
- Avg gross sales
- $781K
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- net sales
- Sample size
- 76 outlets
- vs category median 19 · large
- Range (low → high)
- $241K→$2.3MCited, not corroborated — printed on page 51 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $429K→$1.1M
- Bottom 25% → top 25%
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 781 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $781K/year in gross sales. Revenue-to-investment ratio: 1.3x.
Fee burden
Total ongoing fee load of 9.0% — above the Quick-Service Restaurants median of 7.5%.
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System contracting at -11.7% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
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 Saladworks 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 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 84
- Opened
- 5
- Last reporting year
- Closed
- 10
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 11.9%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 99%
- vs corporate-owned
- Net growth (3-yr)
- +2.3%
- Net unit change over 3 years
- 3-yr CAGR
- -11.7%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Not renewed
- 0
- Transferred
- 3
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 20
- 0.24 per open outlet · Item 20 Table 5
- Projected new
- 7
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 20 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.
20
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.
- Total loans
- 149
- Loan volume
- $50.3M
- Median loan
- $354K
- 50th percentile
- Charge-off rate
- 31.4%
- on 149 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 68.6%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 39
- Defaults
- 33
- Typical loan rate
- 7.2%
- avg rate to borrowers
- Franchised industry avg
- 10.8%
- brand above franchise avg ↑
- Jobs supported
- 889
- 4.4 per loan
- Lender concentration
- 16%
- top lender's share
Borrower mix: 71% went to startups / new businesses, 29% to established operators
Franchise vs independent — in limited-service restaurants, franchised businesses charge off at 10.8% vs 10.0% for independents — franchising is associated with 8% higher SBA default risk in this category.
Vintage analysis
Saladworks charge-off rate by loan vintage
Top lenders financing Saladworks franchisees
Showing 3 of 39 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Saladworks from SBA 7(a) FOIA data.
- Principal loss rate
- 5.2%
- Avg SBA guarantee
- 69%
- Avg interest rate
- 7.23%
- Avg chargeoff amount
- $259K
- Lender concentration
- 15.8%
- Job velocity
- 4.4 per $100K
- Startup risk premium
- 0.0pp
- NAICS benchmark
- 8.7%
- NAICS 722513
- Jobs supported
- 889
Top SBA lendersTop lender holds 16% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 9 | $2.5M | 100.0% |
| 2 | Wilmington Savings Fund Society FSB | 5 | $1.4M | 0.0% |
| 3 | Webster Bank National Association | 5 | $1.2M | 0.0% |
| 4 | Manufacturers and Traders Trust Company | 4 | $943K | 0.0% |
| 5 | PNC Bank, National Association | 3 | $568K | 0.0% |
| 6 | Dogwood State Bank | 3 | $1.9M | 0.0% |
| 7 | First Bank of the Lake | 3 | $1.6M | 0.0% |
| 8 | TD Bank, National Association | 3 | $325K | 0.0% |
| 9 | First National Bank of Pennsylvania | 2 | $1.2M | 0.0% |
| 10 | Brookline Bank, a Division of Beacon Bank and Trust | 2 | $1.0M | 0.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| PAPennsylvania | 12 | 0 | 0.0% |
| NJNew Jersey | 6 | 1 | 20.0% |
| VAVirginia | 6 | 0 | 0.0% |
| RIRhode Island | 5 | 0 | 0.0% |
| DEDelaware | 3 | 0 | 0.0% |
| FLFlorida | 3 | 1 | 100.0% |
| NCNorth Carolina | 3 | 0 | 0.0% |
| TXTexas | 3 | 0 | -- |
| WVWest Virginia | 3 | 1 | 100.0% |
| CACalifornia | 2 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
A 31.4% charge-off rate means roughly 1 in 3 franchisees failed to repay their SBA loan. Investigate what changed.
What could kill this investment?
SBA loans charge off at 31.4% — 96% above the 16.0% national norm, i.e. higher lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Saladworks discloses an OLD predecessor Chapter 11 (SW Liquidation filed 2015, assets sold June 2015) and one resolved predecessor suit, but current financials are strong parent-level: net worth $10.1M and net income $2.44M. No going concern or distress. The historical predecessor bankruptcy is low weight; units slipped -11.7% to 84.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
JVSW, LLC v. Saladworks, LLC (DE), et al. (Del. Chancery Ct., Case No. 9828-VCN) — former equity holder sued predecessor for breach of contract, fraud, waste of corporate assets, and unjust enrichment over a $7.75M "put" investment; resolved via global settlement approved as part of predecessor's Chapter 11 plan of liquidation in October 2015, dismissed February 2016.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Katz, Sapper & Miller, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total Revenue of $14,871,508 (Franchise and royalty $9,026,970 + Support and marketing fees $5,844,538) is for guarantor WOWorks Franchising, LLC and Affiliates, not Saladworks, LLC standalone.
ⓘ 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: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: No
- Can negotiate own supplier terms: No
Score breakdown · what drove the 40 / 100 verdict
- 01MINOROld predecessor Chapter 11 (2015, resolved via asset sale)
- 02MINORParent-level financials: net worth $10,121,910, net income $2,442,585
- 03MEDNet unit decline -11.7%; one resolved predecessor suit
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · 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 | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory sizeℹ | Radius/Area |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 7 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Pennsylvania |
| Litigation count | 1 |
View Item 3 litigation summary
JVSW, LLC v. Saladworks, LLC (DE), et al. (Del. Chancery Ct., Case No. 9828-VCN) — former equity holder sued predecessor for breach of contract, fraud, waste of corporate assets, and unjust enrichment over a $7.75M "put" investment; resolved via global settlement approved as part of predecessor's Chapter 11 plan of liquidation in October 2015, dismissed February 2016.
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 80 hrs
- Training location
- On-site and off-site
- Ongoing training
- Required
- Site selection
- franchisee_with_franchisor_approval
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
108 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 SALADWORKS franchise?
The total investment to open a SALADWORKS franchise ranges from $484K – $678K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do SALADWORKS franchise owners earn?
According to Item 19 of the SALADWORKS FDD, the average gross sales per unit is $781K. Important context: Reported as net sales, not gross sales. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns SALADWORKS?
SALADWORKS is franchised by Saladworks, LLC. Its parent company is Restaurant Co., LLC dba WOWorks. The ultimate parent named in the FDD is CLP Dining, LLC. Source: FDD Item 1, 2026 filing.
What is Item 19 in the SALADWORKS 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 SALADWORKS FDD and qualifies whose outlets they describe.
What is SALADWORKS's franchise failure rate?
Based on SBA 7(a) loan data, SALADWORKS has a charge-off rate of 31.4% across 149 loans, meaning 31.4% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many SALADWORKS franchise locations are there?
As of their most recent FDD filing, SALADWORKS has 84 total units in the United States, including 83 franchised units and 1 company-owned units. 5 new units were opened in the latest reporting year.
Is SALADWORKS a good franchise to buy?
FranchiseVerdict rates SALADWORKS as a C-grade franchise with a verdict score of 40 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
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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.