Capriotti's Sandwich Shop
Food & Beverage · Quick-Service Restaurants
- Active units
- 144
- Avg unit volume
- $843k
- Royalty
- 7.0%
Franchised, year-end 2023
of weekly Net Sales
About Capriotti's Sandwich Shop
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$40k
- DRA multi-unit pricing
Initial franchise fee reduced to $30,000 per restaurant if you sign a Development Rights Agreement for 3+ restaurants.
- Discretionary discounts
3 franchisees received a 15% discount on initial franchise fees in 2023.
- Brand fund
2.0% of Net Sales
- Local advertising
1.5% of Net Sales
- Footprint
1,400 – 1,600 sq ft
- Initial franchise fee under Development Rights Agreement
$30k
- Development Services Fee (first restaurant under DRA)
$10k
- Deposit per additional restaurant under DRA
$10k
- Veteran discount
15.0% off franchise fee — VetFran discount of 15% off the initial franchise fee to military veterans with DD214.
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations144
Franchised units open at year-end
- New openings24
Gross new units opened during the calendar year
- 1-year unit growth rate6.7%
Net unit growth versus prior year
- 3-year unit CAGR14.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio24.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$843k
Average annual Gross Sales for franchised units open the full 2023 year.
- Annual unit volume (25th percentile)$653k
Non-traditional Restaurants are excluded.
- Annual unit volume (75th percentile)$989k
Non-traditional Restaurants are excluded.
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$620k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.4×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
Create your free Glidepath account to access full brand information.
Location footprint
Showing 60 of 105 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.