Modern Market Eatery
Food & Beverage · Fast-Casual Restaurants
- Active units
- 3
- Avg unit volume
- $2.1M
- Royalty
- 5.0%
Franchised, year-end 2023
of weekly Net Sales
About Modern Market Eatery
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$40k
- Area Development Fee credit
Credit $40,000 toward first unit franchise fee; for each additional unit, apply $10,000 credit and pay $30,000 at signing
- Brand fund
1.0% of Net Sales
- Local advertising
1.0% of Net Sales
- Footprint
2,300 – 2,800 sq ft
- Area Development Agreement
$50k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations3
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate0.0%
Net unit growth versus prior year
- 3-year unit CAGR—
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$2.1M
Average Net Sales for 18 company-owned restaurants for TTM ended Oct 1, 2023; used as average annual revenue.
- 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 Margin14.7%
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$1.2M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open12 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.8×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns27.5%
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
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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.