Tomaso’sFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Tomaso’s franchise requires a total initial investment of $145K – $319K, including a $50K franchise fee and an ongoing 3.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $145K – $319K
- 17th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 3.0%
- 2nd pct Service Resta…
- Units
- 1
- 3rd 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 2025. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $145K – $319K including a $50K franchise fee, 3.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 75/100.
- No 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
- Legal entity
- Thomas Restaurants, LLC
- Incorporated in
- WI
- HQ
- W63N688 Washington Avenue, Cedarburg, WI 53012
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
Tomaso's franchisees operate [business model not specified in data]. Day-to-day responsibilities likely include customer service, inventory management, and operational execution, though without disclosed financial metrics or unit count growth, the business model's viability is unverified.
- CEO
- Nicole Thomas
- Headquarters
- WI
- Founded
- 1993
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Feenot refundable | $50K | $50K | |
| Travel & Living Expenses While Attending Initial Training | $3K | $4K | |
| Real Estate Improvements | $5K | $10K | |
| Rent & Security Deposit (3 Months) | $5K | $15K | |
| Leasehold Improvements | $50K | $100K | |
| Equipment | $12K | $19K | |
| Furniture, Office Equipment & Software | $4K | $13K | |
| Signs | $500 | $1K | |
| Licenses | $200 | $600 | |
| Grand Opening | $3K | $9K | |
| Marketing & Marketing Fee (3 months) | $8K | $10K | |
| Insurance | $3K | $4K | |
| Legal Fees | $1K | $5K | |
| Opening Inventory of Supplies | $5K | $15K | |
| Additional Funds (3 months) | $25K | $50K | |
| Miscellaneous Opening Costs | $10K | $15K | |
| Total initial investment | $183K | $319K |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $145K – $319K
- Better than avg vs category
- Liquid capital req'd
- $25K – $50K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Below avg, review vs category
- Royalty
- 3.0%
- Gross Revenues · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 3.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.0% of gross sales |
| Transfer fee | $5K |
| Inventory (initial) | $5K – $15K |
| Total fee load | 3.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Tomaso’s Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 1
- 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 12 · 1 state 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.
1
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.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
This is a high-risk pre-revenue or distressed franchise with only one operating unit, no financial transparency, and franchisor going concern issues.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
No audited financials on file
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 75 / 100 rating
- 01MINOROnly 1 unit in system with unknown growth trajectory suggests failed or pre-launch franchise model
- 02MINORNo Item 19 (Average Revenue/Net Income) disclosure eliminates ability to project ROI on $145k-$319k investment
- 03HIGHGoing Concern status is FALSE, indicating potential financial instability or recent restructuring of franchisor
- 04MINORHybrid royalty structure ($125/week minimum) punishes low-revenue locations and suggests franchisor cash flow concerns
- 05MINOR10-year term locks franchisee into relationship with unproven single-unit system
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 | City |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | No |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Wisconsin |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 100 hrs
- Training location
- On-site at franchisee's restaurant and franchisor's location
Items 5 & 11
Franchisor Support
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Tomaso’s franchise?
The total investment to open a Tomaso’s franchise ranges from $145K – $319K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Tomaso’s franchise owners earn?
Tomaso’s 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 Tomaso’s's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Tomaso’s (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 Tomaso’s franchise locations are there?
As of their most recent FDD filing, Tomaso’s has 1 total units in the United States, including 0 franchised units and 1 company-owned units.
Is Tomaso’s a good franchise to buy?
FranchiseVerdict rates Tomaso’s 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
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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.