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CINNABON
Cinnabon franchises retail bakeries known as Bakeries that sell fresh-baked cinnamon rolls and related products in various formats, including Full Bakeries, Express Bakeries, Concession Bakeries, and co-branded units with Auntie Anne’s or Carvel. The business model grants franchisees rights to operate these stores in traditional or non-traditional locations, requiring initial investments and ongoing fees to the franchisor while adhering to brand standards for products and operations. Target markets include consumers in high-traffic areas like malls, airports, supermarkets, and quick-service restaurants seeking indulgent baked goods and beverages.
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Franchise Costs
6% royalty + 2.5% ad fund (3% Streetside) + $350-$800/mo technology/software fees (POS, support, loyalty app, online ordering, LMS, gift card processor)
Financial Performance
Item 19 Financial Performance
Data Based On: Data based on a total of 451 franchised units (189 Enclosed Mall Franchises, 202 Convenience Franchises, and 60 Auntie Anne's Co-Branded Franchises) that reported sales during Fiscal Year 2024.
* Average gross revenue calculated as a weighted average of the total average net sales for three distinct franchise types (Enclosed Mall Franchises, Convenience Franchises, and Auntie Anne's Co-Branded Franchises) based on their respective unit counts. Weighted average: (189 units × $681,687 + 202 units × $177,494 + 60 units × $1,200,635) / 451 total units = $524,901.84. Median and quartile revenue values are set to null as a statistically sound combined value cannot be derived from segmented medians/quartiles across different franchise types without the raw underlying unit-level sales data. Net income, net profit, EBITDA, and profit range estimates are not provided as Note 3 under 'NOTES TO ITEM 19' explicitly states these sales figures do not reflect costs or expenses needed to obtain net income or profit, and no expense or margin data is provided.
Extracted Item 19 Section
Avg. Revenue: $524,902
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Unlock financial performance dataCINNABON Franchise Analysis
Picture wafting cinnamon aromas pulling in impulse buyers at malls, airports, and supermarkets— that's Cinnabon's high-traffic magic since franchising kicked off in 1990. Versatile setups like full bakeries, express kiosks, or co-brands with Auntie Anne's offer flexibility rare in bakery franchising. Item 19 earnings data shines a light on performance, but 32 terminations amid 65 transfers hint at churn. Does this sweet spot deliver lasting dough, or is turnover the real bitter bite?
Diving into the 2025 FDD, the $30,500 franchise fee opens doors to Cinnabon's ecosystem, with ongoing 6% royalties, 2.5% brand/ad fund (3% for streetside), plus $350-$800 monthly tech fees for POS, apps, and loyalty tools. Item 19 reveals average gross revenues of $524,902 per unit, a solid benchmark for indulgent treats in quick-service spots—though profitability hinges on your location's foot traffic and labor control. SBA stats bolster confidence: 60 loans averaging $420,907 with just a 3.3% default rate signals franchisees secure financing and mostly repay, unlike riskier concepts.
System vitality looks promising with locations climbing 5% from 952 in 2023 to 1,002 in 2024, plus 212 projected new units signaling aggressive expansion under GoTo Foods. Low non-renewals at 1 contrast higher terminations (32), possibly from rigorous ops standards or market shifts, while 65 transfers indicate active resale market for liquidity. Buyers eyeing this: probe Item 20 trends by format, validate AUVs in non-traditional venues, and scrutinize transfer docs for hidden pitfalls.
Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How CINNABON Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
CINNABON Current | N/A | $31K | 6.0% | 1,002 |
| PANERA BREAD BAKERY-CAFÉ | $633K – $4.9M | $35K | 5.0% | 1,112 |
| SCOOTER'S COFFEE | $1.2M – $1.3M | $40K | 6.0% | 882 |
| NOTHING BUNDT CAKES | $667K – $1.0M | $45K | 6.0% | 643 |
| GREAT AMERICAN COOKIES | $341K – $463K | $25K | 6.0% | 395 |
| 7 BREW | $894K – $2.2M | $35K | 4.5% | 297 |
Coffee & Bakery Average 39 franchises | $489K – $1.1M | $39K | 5.5% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 39 Coffee & Bakery franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+34 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for CINNABON franchisees (2011 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
60 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
1,144 franchisee contacts on file from official FDD filings.
1,144 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
CINNABON does disclose financial performance data (Item 19) in their 2025 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.
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