Hummus Republic

Item 7 details the initial investment range of $207,500 to $659,000, covering build-out for retail spaces emphasizing efficiency. The $36,000 franchise fee leads into ongoing costs: 6% royalty, 2% brand/ad fund, plus $250-$500 monthly technology fee, $300 customer app charge, and $30 gift card program—elevating total fees beyond category norms for fast casual at around 8% effective ongoing. Item 19 reveals average gross revenue of $573,092 and median $596,181 for its 40 locations, suggesting strong top-line performance in a segment where medians often lag averages due to outliers. No profit figures are broken out, but these revenues imply healthy margins if costs are controlled, especially versus broader fast-casual averages hovering $800K+ for bigger brands.

Growth exploded from 25 units in 2023 to 40 in 2024—a 60% jump—with 36 projected new units signaling franchisor momentum since starting in 2018. Yet 4 terminations and 3 transfers in the latest FDD raise mild flags for a young system, though low relative to size. SBA data shines with 63 loans averaging $253,617, far more than peers under 50 units, indicating lender confidence but watch default rates which aren't specified here. For due diligence, this positions Hummus Republic as a high-growth play in Mediterranean fast casual, but scrutinize those add-on fees against revenue for true ROI—potentially strong if you nail location and ops.