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SUBJECT DOSSIER · FDD 2025

Capriotti's Franchise

Cost, fees, owner earnings, closure rate and litigation for a Capriotti's franchise — pulled from the franchisor's own public FDD (2025), not its sales material.

Sandwich & Sub Shops · disclosure-honesty grade · from public state filings

Disclosure honesty

C
Transparency 3 / 5

Capriotti's discloses earnings (Item 19) — but the grade is how honestly. We graded it C.

Outlets153
Disclosed lawsuits0
Closure signals16 ceased
Investment
$594,700–$935,000
Total fees
9% of sales
Outlets
153
Closure signals
16 ceased, 0 terminated
Lawsuits
0
◢ FINDINGS
ITEM 20
16 outlets ceased operations
16 franchised locations permanently closed in 2024 alone; net franchised count fell by 5.

What their own earnings claim actually says

Discloses 2024 gross sales (avg $835K franchised, $965K affiliate) and affiliate P&L with EBITDA. No franchisee net income shown; affiliate stores are Nevada-clustered mature markets, cherry-picking best-performing corporate units.

What a Capriotti's franchise actually costs to run

FeeDisclosedWhere it comes from
Initial franchise fee$40,000Item 5 — paid up front, before you open
Royalty7% of gross salesItem 6 — charged on revenue, not profit
Advertising fund2% of gross salesItem 6 — brand marketing, spent at the franchisor's discretion
Total recurring fees9% of gross salesBefore rent, labor, food or debt service
Total initial investment$594,700 – $935,000Item 7 — franchisor's own low/high estimate

Royalty 6% for 3+ units via DRA; ad fund up to 4% but currently 2%; tech fee 0.65% not yet charged.

Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.

Capriotti's system size and owner turnover

Total outlets153
Ceased operations16
Terminated by franchisor0
Transferred to new owners2
Closure rate10.5% of outlets

16 franchised locations permanently closed in 2024 alone; net franchised count fell by 5.

From Item 20 of the FDD 2025. Terminations and ceased operations are the franchisor's own count of owners who stopped — the number the sales pitch leaves out.

Is Capriotti's worth it? — how it compares to 22 similar franchises

Ongoing fees9% of salesabout average
Startup costfrom $594,700about average (median $436,176)
Disclosure honestyGrade Ctypical for the category
Closure rate10.5% of outletsworse than 83% of peers
Disclosed lawsuits0fewer than most

Benchmarked against every sandwich & sub shops franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.

◤ CLASSIFIED · ITEM 19 RECONSTRUCTED

Owner take-home for a Capriotti's

The franchisor's framing: Discloses 2024 gross sales (avg $835K franchised, $965K affiliate) and affiliate P&L with … We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

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Capriotti's franchise — frequently asked

How much does a Capriotti's franchise cost?
The FDD lists a total initial investment of about $594,700–$935,000, including a $40,000 initial franchise fee.
How much do Capriotti's franchise owners make?
Discloses 2024 gross sales (avg $835K franchised, $965K affiliate) and affiliate P&L with EBITDA. No franchisee net income shown; affiliate stores are Nevada-clustered mature markets, cherry-picking best-performing corporate units. We grade this disclosure C for honesty.
What are the Capriotti's franchise fees?
Capriotti's FDD discloses a $40,000 initial franchise fee, a 7% royalty on gross sales, a 2% advertising-fund contribution, for roughly 9% of gross sales in recurring fees before rent, labor, or debt service. Royalty 6% for 3+ units via DRA; ad fund up to 4% but currently 2%; tech fee 0.65% not yet charged.
What is the Capriotti's franchise profit margin?
Capriotti's does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: Discloses 2024 gross sales (avg $835K franchised, $965K affiliate) and affiliate P&L with EBITDA. No franchisee net income shown; affiliate stores are Nevada-clustered mature markets, cherry-picking best-performing corporate units. Recurring fees alone take about 9% of gross sales, before rent, labor, food or debt service. Margin has to be reconstructed from the disclosure, not read off it.
What is the Capriotti's franchise failure rate?
16 franchised locations permanently closed in 2024 alone; net franchised count fell by 5.
How many Capriotti's locations are there?
Capriotti's FDD reports 153 total outlets, with 16 that ceased operations in the most recent reporting year and 2 transferred to new owners. Item 20 is where system health shows up before the marketing does.
Does Capriotti's have complaints or lawsuits?
Capriotti's discloses no material litigation in Item 3 of the filing we reviewed. That's a positive signal, though it covers only what the franchisor is required to report.
Is a Capriotti's franchise worth it?
It depends on the numbers, not the pitch. Capriotti's scores C on disclosure honesty, carries about 9% of sales in ongoing fees. Get the real owner take-home before you sign.

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Compare Capriotti's to similar franchises

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See all franchises ranked by disclosure honesty →

Source: MN CARDS 34668-202508-02 (Clean FDD 2025). FranchiseValidate is independent and not affiliated with Capriotti's or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.