ToastiqueFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Toastique franchise requires a total initial investment of $471K – $891K, including a $55K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $862K[2]. SBA 7(a) loans show a 0.0% charge-off rate across 43 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $471K – $891K
- 31st pct Service Resta…
- Avg gross sales
- $862K
- 7th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 57
- 37th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-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
Only 0.0% of 43 SBA loans charged off, well below the 16% franchise average.
The system grew 63% year-over-year. Fast growth means demand, but can strain support.
25% cash-on-cash return (based on EBITDA). Within the 15-30% range most franchise investors consider acceptable.
Bottom line
- Total investment $471K – $891K including a $55K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $862K/year (median $857K), with an estimated 25% cash-on-cash return (based on EBITDA).
- Verdict F (Bottom Quintile) with a risk score of 83/100. SBA loan charge-off rate of 0.0% across 43 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- System growing at 206.2% CAGR over 3 years with 57 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Toastique Holdings, LLC
- Predecessor
- Toastique Holdings
- Prior franchisor entity
- Incorporated in
- AZ
- HQ
- 764 Maine Avenue SW, Washington, D.C. 20024
- Auditor
- Kezos & Dunlavy, LLC
- Audited financials
- Franchisor revenue
- $2.3M
- vs $2.7M prior year
Affiliated brands
- is also the owner of the Licensed Marks
- Fresh Eats
- maintains a pr
- has not in the past and does not now offer franchises in any lines of business
- operates a Toastique Restaurant similar to the Franchised Business in Washington
- Toastique
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Toastique franchisees operate fast-casual healthy beverage and smoothie bowl concepts, focusing on fresh-pressed juices, açai bowls, and nutritional drinks. Daily operations involve inventory management of perishable ingredients, POS operations, customer service, and managing 3-10 employees in 1,000-1,500 sq ft retail locations. The model emphasizes high-margin specialty drinks with limited food prep and quick transaction times.
- CEO
- Brianna Keefe
- Founded
- 2018
- FDD year
- 2026
- States available
- 19
FDD Item 7 · 2026 filing · 17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $55K | $55K | |
| Go to Market Launch Fee | $8K | $8K | |
| Construction and Leasehold Improvements | $199K | $498K | |
| Lease Deposits - Three Months | $6K | $15K | |
| Furniture, Fixtures, and Equipment | $70K | $130K | |
| Store Art & Feature Wall | $5K | $8K | |
| Signage | $8K | $18K | |
| Computer, Software, and Point of Sales System | $1K | $2K | |
| Grand Opening Marketing | $20K | $20K | |
| Initial Inventory | $30K | $40K | |
| Utility Deposits | $250 | $2K | |
| Insurance Deposits - Three Months | $250 | $1K | |
| Travel for Initial Training | $3K | $8K | |
| Professional Fees | $10K | $29K | |
| Licenses and Permits | $1K | $3K | |
| Construction Project Management Fee | $15K | $15K | |
| Additional Funds - Three Months | $40K | $40K | |
| Total initial investment | $471K | $891K |
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
$86K
10.0% margin
Unlevered ROIC
12%
EBITDA / total invested capital
Payback
8.4 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $471K – $891K
- Better than avg vs category
- Liquid capital req'd
- $40K – $40K
- Better than avg vs category
- Franchise fee
- $55K – $170K
- Near category avg vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 3.9 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $500 |
| Training fee | $300 |
| Transfer fee | $20K |
| Renewal fee | $10K |
| Inventory (initial) | $30K – $40K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $862K
- Per unit, per year
- Median gross sales
- $857K
- Avg ebitda
- $173K
- Reported as EBITDA in FDD Item 19
- Cash-on-cash
- 25.4%
- Based on EBITDA / investment midpoint
- Item 19 type
- Actual
- Sample size
- 5 units
- vs category median 13 · small
- Range (low → high)
- $723K→$1.0M
- Cohort dispersion (min → max)
- Transparency tier
- limited
- Categorical assessment of disclosure depth
- Reporting year
- 2025
- Fiscal year the figures cover
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Toastique Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 57
- Opened
- 22
- Last reporting year
- Closed
- 3
- Turnover rate
- 5.3%
- Company-owned
- 8
- Corporate units in the system
- % franchised
- 86%
- vs corporate-owned
- Net growth (yr3)
- +63.3%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 2
- Closed (3yr)
- 1
- Terminated (3yr)
- 1
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 2
- Reacquired (3yr)
- 0
- Franchisor bought back
- Termination rate
- 50.0%
- Franchisor-initiated terminations
- Ceased ops
- 50.0%
- Units that stopped operating
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 20 · 28 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.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 43
- Loan volume
- $15.5M
- Median loan
- $417K
- 50th percentile
- Charge-off rate
- 0.0%
- 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)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 9
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Toastique's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 9 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 6-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 43 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Toastique presents moderate-to-high risk due to active fraud litigation, absent financial disclosures, questionable corporate financial health, and heavy reliance on aggressive growth to offset potential franchisee attrition.
Litigation (Item 3)
2 case reference(s): 1 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy, LLC
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 83 / 100 rating
- 01HIGHActive litigation and arbitration with former franchisee alleging fraud and deceptive trade practices creates legal and reputational risk
- 02HIGHGoing concern status is FALSE, indicating potential financial instability at corporate level despite positive unit-level economics
- 03MINORRapid unit growth (63.3% YoY) may indicate aggressive recruitment masking underlying franchisee satisfaction or retention issues
- 04MINORHigh initial investment ($471k-$891k) combined with 6% royalty creates significant break-even threshold requiring sustained $862k+ annual revenue
- 05MINORItem 19 financial performance data absent (no Item 19 disclosure), limiting ability to verify claimed $172k average net income across system
- 06HIGHSingle litigation case represents meaningful percentage of small 57-unit system, suggesting potential operator/franchisor relationship problems
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 | 1 |
| Territory type | Radius |
| 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 | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Arizona |
| Litigation count | 2 |
View Item 3 litigation summary
2 case reference(s): 1 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 32 hrs
- On-the-job training
- 222 hrs
- Training location
- Off-site and On-site
- Site selection
- joint
- POS system
- CAKE by Mad Mobile
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: CAKE by Mad Mobile
Item 20 · call current owners
Franchisee Contacts
94 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Toastique · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Toastique franchise?
The total investment to open a Toastique franchise ranges from $471K – $891K, with an initial franchise fee of $55K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Toastique franchise owners earn?
According to Item 19 of the Toastique FDD, the average gross sales per unit is $862K. The median is $857K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Toastique's franchise failure rate?
Based on SBA 7(a) loan data, Toastique has a charge-off rate of 0.0% across 43 loans, meaning 0.0% 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 Toastique franchise locations are there?
As of their most recent FDD filing, Toastique has 57 total units in the United States, including 6 franchised units and 8 company-owned units. 22 new units were opened in the latest reporting year.
Is Toastique a good franchise to buy?
FranchiseVerdict rates Toastique as a F-grade franchise with a risk score of 83 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.
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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.