Earl of Sandwich
Food & Beverage · Fast-Casual Restaurants
- Active units
- 26
- Royalty
- 6.0%
Franchised, year-end 2024
of weekly Net Sales
About Earl of Sandwich
Earl of Sandwich, known for its tagline "World's Greatest Hot Sandwich," is a renowned casual sandwich brand that has transformed the food scene since its inception. Established in 2004 by the 11th Earl of Sandwich, John Montagu, and his son Orlando, this culinary venture pays homage to the original creation of the sandwich by the 4th Earl in 1762. The brand emphasizes quality, freshness, and exceptional service, offering a menu filled with gourmet hot sandwiches made from freshly baked bread, abundant meats and cheeses, crisp vegetables, and unique sauces.
With locations in the US, including Disney Springs and Las Vegas, as well as international spots in France, the UK, Canada, the Philippines, and the UAE, Earl of Sandwich has gained widespread acclaim. The brand's focus on convenience, operational simplicity, and an inviting atmosphere ensures that it delivers a memorable dining experience. In 2019, it was honored with the TripAdvisor Travelers' Choice Award for Fast Casual Restaurants, further solidifying its reputation in the competitive food industry.
Key terms
- Franchise fee
$25k
- Brand fund
2.0% of Net Sales
- Local advertising
1.0% of Net Sales
- Footprint
1,200 – 2,000 sq ft
- Development Agreement
$25k
- Veteran discount
Reduce Initial Franchise Fee by $5,000 with proof of honorable discharge; must repay $5,000 if transfer or termination within 1 year of opening.
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2025, 2026.
Growth
- Total locations738
Franchised units open at year-end
- New openings75
Gross new units opened during the calendar year
- 1-year unit growth rate0.8%
Net unit growth versus prior year
- 3-year unit CAGR5.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio75.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 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$107k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate—
Percent of net sales paid to the franchisor
- Sales-to-investment ratio—
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 30 of 35 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.