Twin PeaksFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Twin Peaks franchise requires a total initial investment of $3.0M – $7.6M, including a $50K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $5.6M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $3.0M – $7.6M
- 48th pct Service Resta…
- Avg gross sales
- $5.6M
- 27th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 108
- 42nd pct Service Resta…
- SBA default
- N/A
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
Franchised units fell from 74 to 61 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $3.0M – $7.6M including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $5.6M/year (median $5.5M).
- Verdict A (Top Quintile) with a risk score of 25/100.
- System growing at 21.3% CAGR over 3 years with 108 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Twin Restaurant Franchise, LLC
- Parent company
- FAT Brands, Inc.
- CEO title
- Interim Chief Executive Officer
- Kenneth J. Kuick
- Incorporated in
- DE
- HQ
- 5151 Beltline Road, #1200, Dallas, Texas 75254
- Auditor
- Macias Gini & O’Connell LLP
- Audited financials
- Franchisor revenue
- $35.3M
- vs $37.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Affiliated brands
- Twin Peaks Restaurant N Irving Beverage Holdings
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Twin Peaks is a sports bar and restaurant franchise featuring casual dining with an emphasis on food, drinks, and sports entertainment in a themed environment. Franchisees manage day-to-day operations including staff hiring/training, inventory management, customer service, and marketing within their protected territory. Revenue streams include food and beverage sales with the franchisor collecting 5% of gross sales as royalties.
- CEO
- Kenneth J. Kuick
- Headquarters
- TX
- Founded
- 2007
- FDD year
- 2025
- States available
- 24
FDD Item 7 · 2025 filing · 15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $50K | $50K | |
| Leasehold Improvements and Deposits (Conversion Space) | $1.4M | $3.2M | |
| Leasehold Improvements and Deposits (New Construction Space) | $2.9M | $5.0M | |
| Equipment, Furniture, Fixtures, and Signage (Conversion Space) | $1.0M | $1.4M | |
| Equipment, Furniture, Fixtures, and Signage (New Construction Space) | $1.4M | $1.5M | |
| Liquor License | $1K | $300K | |
| Business Licenses and Permits | $3K | $4K | |
| Initial Training Costs | $50K | $65K | |
| Opening Training Team Costs | $220K | $240K | |
| Initial Inventory and Supplies | $60K | $140K | |
| Professional Services | $10K | $25K | |
| Restaurant Opening Promotion | $10K | $10K | |
| Insurance | $55K | $110K | |
| Additional Funds for Initial 3-Month Period | $100K | $190K | |
| Development Fee (Area Development Agreement) | $75K | $275K | |
| Total initial investment | $7.3M | $12.5M |
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
$588K
10.5% margin
Unlevered ROIC
11%
EBITDA / total invested capital
Payback
9.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $3.0M – $7.6M
- Near category avg vs category
- Liquid capital req'd
- $100K – $190K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.5%
- typical 3–5%
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.5% of gross sales |
| Training fee | $275 |
| Transfer fee | $13K |
| Renewal fee | $25K |
| Total fee load | 7.5% of rev |
Financial Performance
- Avg gross sales
- $5.6M
- Per unit, per year
- Median gross sales
- $5.5M
- Item 19 type
- Actual Average Unit Volume
- Sample size
- 69 units
- vs category median 13 · large
- Range (low → high)
- $2.3M→$11.8M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Twin Peaks Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 108
- Opened
- 5
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.9%
- Company-owned
- 34
- Corporate units in the system
- % franchised
- 69%
- vs corporate-owned
- Multi-unit owners
- 6.2%
- Net growth (yr3)
- +5.7%
- Net unit change last year
- 3-yr CAGR
- +21.3%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 4
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 1
- Franchisor bought back
- Transfer rate
- 0.9%
- Owners selling to other franchisees
- Ceased ops
- 2.8%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 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.
Available to sell in · Item 12
- California
- Hawaii
- Illinois
- Indiana
- Maryland
- Michigan
- Minnesota
- New York
- North Dakota
- Rhode Island
- South Dakota
- Virginia
States where the franchisor is registered to sell new franchises (FDD registration filings).
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
Twin Peaks presents moderate-to-cautious risk: strong average unit volumes ($5.6M) are offset by non-disclosure of net income, corporate litigation history, slow unit growth, and high upfront costs that lack transparent ROI justification.
Litigation (Item 3)
One pending putative class action securities lawsuit (Mitchell Kates v. FAT Brands, Inc.) alleging false and misleading statements regarding government investigations. Two concluded Virginia state regulatory matters involving incorrect financial statements and unlicensed franchise sales.
Largest disclosed settlement: $5,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Macias Gini & O’Connell LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 25 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 prevents ROI analysis on $2.96M-$7.63M investment
- 02HIGHMultiple securities litigation cases (pending class action + 2 settled cases) indicate corporate governance/disclosure problems at parent FAT Brands
- 03MINORSlow unit growth of 5.7% YoY with 108 total units suggests market saturation or franchisee satisfaction issues
- 04MEDHigh franchise fee ($50K) combined with undisclosed profitability creates opacity around true earnings potential
- 05MEDMature 15-year term locks franchisees into long commitment with limited exit flexibility in uncertain market
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 | 15 years |
|---|---|
| Renewal term | 15 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 3 mi |
| 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 | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 7 |
| Mandatory arbitration | Yes |
| Arbitration location | Texas |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 4 |
View Item 3 litigation summary
One pending putative class action securities lawsuit (Mitchell Kates v. FAT Brands, Inc.) alleging false and misleading statements regarding government investigations. Two concluded Virginia state regulatory matters involving incorrect financial statements and unlicensed franchise sales.
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 520 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- POS system
- NCR Aloha
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: NCR Aloha
Item 20 · call current owners
Franchisee Contacts
86 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Twin Peaks · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Twin Peaks franchise?
The total investment to open a Twin Peaks franchise ranges from $3.0M – $7.6M, 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 Twin Peaks franchise owners earn?
According to Item 19 of the Twin Peaks FDD, the average gross sales per unit is $5.6M. The median is $5.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Twin Peaks's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Twin Peaks (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 Twin Peaks franchise locations are there?
As of their most recent FDD filing, Twin Peaks has 108 total units in the United States, including 74 franchised units and 34 company-owned units. 5 new units were opened in the latest reporting year.
Is Twin Peaks a good franchise to buy?
FranchiseVerdict rates Twin Peaks as a A-grade franchise with a risk score of 25 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.