Spiked RichFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Spiked Rich franchise requires a total initial investment of $325K – $647K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $904K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $325K – $647K
- 63rd pct Service Resta…
- Avg gross sales
- $904K
- 30th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 2
- 10th 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
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
38% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $325K – $647K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $904K/year, with an estimated 38% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 48/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Spiked Rich Franchising, LLC
- Predecessor
- company
- Prior franchisor entity
- Incorporated in
- FL
- HQ
- 2125 S. University Drive, Davie, FL 33324
- Auditor
- Metwally CPA PLLC
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Spiked Rich appears to be a beverage or alcoholic drink-focused franchise concept. Franchisees likely operate point-of-sale retail locations (bar, lounge, or specialty beverage shop) focused on premium or craft offerings, managing inventory, staffing, customer service, and marketing within their protected territory.
- CEO
- Jeff Sauders
- Headquarters
- FL
- Founded
- 2020
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $35K | $35K | |
| Construction, Leasehold Improvements, Furniture and Fixtures | $117K | $289K | |
| Equipment | $65K | $140K | |
| Signage (interior and exterior) | $2K | $15K | |
| Computer, Software and Point of Sales System | $3K | $7K | |
| Opening Inventory | $12K | $20K | |
| Rent Deposits | $19K | $29K | |
| Utility Deposits | $807 | $2K | |
| Insurance Deposits and Premiums | $92 | $3K | |
| Pre-opening Travel Expense | $2K | $4K | |
| Grand Opening Advertising | $15K | $16K | |
| Professional Fees | $6K | $13K | |
| Business Permits and Licenses | $3K | $6K | |
| Printing, Stationery and Office Supplies | $2K | $4K | |
| Additional Funds - 3 Months | $44K | $65K | |
| Total initial investment | $325K | $647K |
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
$136K
15.0% margin
Unlevered ROIC
25%
EBITDA / total invested capital
Payback
4.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $325K – $647K
- Near category avg vs category
- Liquid capital req'd
- $44K – $65K
- Below avg, review vs category
- Franchise fee
- $35K – $35K
- Near category avg vs category
- Royalty
- 6.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
- Payback period
- 2.7 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $500 |
| Transfer fee | $20K |
| Renewal fee | $20K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $904K
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $183K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 37.7%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Affiliate-Owned Restaurants
- Sample size
- 2 units
- vs category median 28 · small
- Range (low → high)
- $805K→$1.0M
- Cohort dispersion (min → max)
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Spiked Rich Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 2
- 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 loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage franchise with minimal operating history, undisclosed unit growth, and unsubstantiated financial claims present moderate-to-high risk despite absence of litigation.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Metwally CPA PLLC⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 48 / 100 rating
- 01MINOROnly 2 existing units with unknown growth trajectory raises questions about system viability and scalability
- 02MEDExtremely limited franchisee base makes performance data unreliable and limits peer support network
- 03MINORHigh investment range ($324K-$647K) relative to only 2 operating units suggests unproven unit economics
- 04MEDNo Item 19 financial performance representations disclosed — franchisor not willing to substantiate the $903K average revenue claim
- 05MINOR20.3% net profit margin seems optimistic for early-stage concept with minimal operating history
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 |
| Allowed renewalsℹ | 2 |
| Territory type | Radius and Population |
| 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 | 5 days |
| Termination groundsℹ | 4 |
| Curable defaultsℹ | 6 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 14 hrs
- On-the-job training
- 34 hrs
- Training location
- On-site and corporate
- POS system
- Square
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square
Item 20 · call current owners
Franchisee Contacts
18 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Spiked Rich · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Spiked Rich franchise?
The total investment to open a Spiked Rich franchise ranges from $325K – $647K, 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 Spiked Rich franchise owners earn?
According to Item 19 of the Spiked Rich FDD, the average gross sales per unit is $904K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Spiked Rich's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Spiked Rich (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 Spiked Rich franchise locations are there?
As of their most recent FDD filing, Spiked Rich has 2 total units in the United States, including 0 franchised units and 2 company-owned units.
Is Spiked Rich a good franchise to buy?
FranchiseVerdict rates Spiked Rich as a A-grade franchise with a risk score of 48 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.