Third Eye Pies
Wellness & Personal Care · Beauty Salons & Barber Shops
- Active units
- 198
- Royalty
- 7.0%
Franchised, year-end 2025
of weekly Net Sales
About Third Eye Pies
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$50k
- Minority-Owned Business Discount
20% discount on the Initial Franchise Fee for qualifying minority owners with ≥51% ownership.
- Franchisor fee waiver/reduction discretion
We reserve the right to waive or reduce the Initial Franchise Fee; FY 2025 Initial Franchise Fees received ranged from $0 to $45,000.
- Brand fund
2.0% of Net Sales
- Local advertising
2.0% of Net Sales
- Footprint
1,100 – 2,200 sq ft
- Development Fee (Area Development Agreement)
Tiered by number of Shops: $100,000 for 2 Shops; $35,000 per Shop for 3–5; $30,000 per Shop for 6–9; $25,000 per Shop for 10+.
- Veteran discount
20.0% off franchise fee — 20% discount on the Initial Franchise Fee for veterans and active-duty U.S. armed forces with ≥51% ownership.
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing).
Growth
- Total locations198
Franchised units open at year-end
- New openings27
Gross new units opened during the calendar year
- 1-year unit growth rate12.5%
Net unit growth versus prior year
- 3-year unit CAGR11.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio5.4×
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$554k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open15 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - 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 131 of 164 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.