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Earl of Sandwich
Earl of Sandwich franchises fast casual restaurants featuring made-to-order hot sandwiches using artisan baked bread, fresh meats, sauces, along with salads, wraps, soups, desserts, and beverages, potentially including alcohol, catering, and delivery. The business model offers single-unit franchises, development agreements for multiple units, and nontraditional locations like airports and stadiums, operating under a standardized system with proprietary marks and an operations manual. Target market is the general public in urban and suburban areas near offices, shopping centers, and high-traffic locations.
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Franchise Costs
6% royalty + 3% weekly marketing obligation (2% brand fund + 1% local store marketing) + $0-$1,000/mo website fee
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
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Unlock financial performance dataEarl of Sandwich Franchise Analysis
Imagine a franchise bearing a lordly name, yet quietly contracting in a booming fast-casual sector. Earl of Sandwich's 2025 FDD hints at troubling system health metrics and a bankruptcy shadow in its history, without the transparency of Item 19 earnings data. Is this a hidden gem for bold investors, or a cautionary tale of faded potential?
Item 7 lays out a hefty entry: initial investment from $307,500 to $584,000, including a $25,000 franchise fee. Ongoing fees bite at 6% royalty plus a 3% weekly marketing obligation (2% to the brand fund, 1% local), and potentially $0-$1,000 monthly website fees. No Item 19 disclosure means no official revenue or profit figures, a red flag since it leaves would-be owners guessing on cash flow viability—especially critical here where average unit volumes aren't shared to benchmark performance.
System health screams caution: just 26 franchise locations versus 5 corporate-owned, down 10% from 29 in 2023 to 26 in 2024, with only 1 projected new unit. Six SBA loans average $426,450 signal some franchisees sought big financing, but a bankruptcy history in Item 3 underscores past distress. For investors eyeing urban/suburban spots, this shrinking footprint after 20 years franchising suggests weak demand or execution woes—proceed only if you thrive on turnaround plays.
Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How Earl of Sandwich Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Earl of Sandwich Current | $308K – $584K | $25K | 6.0% | 26 |
| Tropical Smoothie Cafe | $276K – $771K | $35K | 6.0% | 1,650 |
| TROPICAL SMOOTHIE CAFÉ | $300K – $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $405K – $1.6M | $20K | 6.0% | 1,249 |
| Zaxby's | $1.4M – $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K – $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 107 franchises | $529K – $1.2M | $39K | 5.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 107 Fast Casual 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
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for Earl of Sandwich franchisees (2017 – 2019)
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.
6 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
27 franchisee contacts on file from official FDD filings.
27 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
Affiliates Bertucci’s Restaurants, LLC (Chapter 11 filed Dec 5, 2022, confirmed Sep 9, 2024; and Apr 24, 2025), PB Restaurants, LLC (Apr 4, 2025), Planet Express (LAX), LLC (Apr 4, 2025), and Times Square Buffet, LLC (Apr 4, 2025). Key officers Thomas Avallone, Jeffrey Sirolly, and Robert Earl serve in these companies.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a Earl of Sandwich franchise ranges from $307,500 to $584,000. This includes a franchise fee of $25,000. Ongoing royalty fees are 6.0% of gross sales.