ERBERT AND GERBERT'S SANDWICH SHOP

Item 7 lays out the initial investment from $193,820 to $460,270, covering buildout, equipment, and opening costs for traditional or non-traditional sites—drive-thrus add flexibility but push toward the higher end. Franchise fee is a straightforward $30,000, followed by 6% royalty, 2% ad fund, plus $100/month tech fee and $130/month loyalty program. Item 19 shines here: average gross revenue clocks $638,922, median $561,590 across units, suggesting solid performers lift the average but half fall below $562K—no profit figures, so EBITDA likely 10-20% after fees, or $56K-$114K roughly for medians, assuming typical QSR margins.

System metrics show modest health: 60 franchise locations, 4 corporate, with 5 projected new units and 4 transfers, indicating stability over explosive growth since 1992. Nine SBA loans averaging $221,533 signal franchisee financing access, a green flag for viability. But litigation notes flag risks—franchisee suits over misrepresented buildouts, COGS, support, plus franchisor counters for unpaid royalties—check Item 20 for full trend data. For buyers eyeing quick-service sandwiches, the revenue punch beats investment scale, but vet local competition and economic sensitivity closely.