LEE'S SANDWICHES
Lee’s Sandwiches International, Inc. franchises quick-service restaurants offering a full line of sandwiches, baguettes, and related products, with three unit types: Baguette Factory Production Units and Production Units that produce baguette dough and supply other locations, and smaller Non-Production Units in strip malls or food courts without dough production. The business model includes single-unit franchises or multi-unit development agreements with discounted fees, requiring adherence to the franchisor's system, standards, and marks. They target the general public in residential areas near shopping, schools, and employers, competing with other sandwich shops and chains.
Franchise Costs
6.9% royalty + 2% ad fund (if established)
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
How LEE'S SANDWICHES Compares
Key Insights
- Higher investment than 90% of Fast Casual franchises
- Higher than average SBA loan default rate in Fast Casual
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
LEE'S SANDWICHES Current | $988K – $1.7M | $75K | 6.9% | 45 |
| Tropical Smoothie Cafe | $300K – $721K | $35K | 6.0% | 1,371 |
| TROPICAL SMOOTHIE CAFÉ | $300K – $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $379K – $1.4M | $20K | 6.0% | 1,248 |
| Zaxby's | $1.4M – $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K – $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 107 franchises | $532K – $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
SBA Loan History
Historical SBA 7(a) loan data for LEE'S SANDWICHES franchisees (2015 – 2022)
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.
Franchisee Contacts
47 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
47 Contacts Available
Unlock all LEE'S SANDWICHES franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Dispute with former franchisee over unpaid royalties, amounts due for goods purchased, and escrow funds from sale of franchised locations.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a LEE'S SANDWICHES franchise ranges from $988,000 to $1,679,500. This includes a franchise fee of $75,000. Ongoing royalty fees are 6.9% of gross sales.
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