L&L Hawaiian Barbecue

Item 7 lays out the initial investment from $252,450 to $838,460, covering build-out for 1,500-3,000 sq ft locations, equipment, and opening inventory—flexible for urban or suburban sites without exclusive territories. Franchise fee is $35,000 upfront, royalties vary regionally at 4% (East US), 3% (West Coast), or 1.5% (Hawaii) of gross sales, plus 2%/1% brand fund or $320/month in Hawaii, and up to $500/month tech fee. Item 19 shines with average gross revenue of $1,026,316 and median $875,000 across units, suggesting top performers thrive in competitive markets, though profitability hinges on hitting that median after fees eat ~6-7%.

System-wide, 222 franchised and 7 corporate locations grew just 1% from 218 to 220 (2023-2024), with 33 projected new units and 5 transfers signaling mild momentum. Six SBA loans average $147,500 show financing viability, but litigation clusters around terminations for fee underpayments, false reports, and contract breaches—red flags for operational discipline. For buyers eyeing $1M revenue potential in a niche like Hawaiian fast food, the data points to solid earners if you nail location and compliance, but scout West Coast or Hawaii for lighter fees.