Capriotti’s Franchise FDD, Profits & Costs (2025)
Capriotti’s Sandwich Shop, founded in 1976 in Wilmington, Delaware, has grown from a family-run shop to a nationally recognized franchise known for its high-quality sandwiches.
Headquartered in Las Vegas, Nevada, Capriotti’s differentiates itself with its dedication to fresh ingredients, such as slow-roasted Butterball turkeys and American Wagyu beef, ensuring a fanatically delicious experience.
The franchise offers robust support in various operational aspects, from site selection to marketing, and emphasizes a unique company culture led by owners who began as franchisees themselves.
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Initial Investment
How much does it cost to start a Capriotti’s franchise? It costs on average between $109,000 – $749,000 to start a Capriotti’s franchised restaurant.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount varies based on factors such as the type of restaurant format chosen, the specific location, and whether the franchisee opts to lease or purchase the property. Capriotti’s offers 2 types of franchises:
| Franchise Type | Initial Investment Range |
|---|---|
| CAPRIOTTI’S franchised Traditional Location | $417,100 to $748,500 |
| CAPRIOTTI’S Virtual Kitchen Location | $109,000 to $184,000 |
We are summarizing below the main costs associated with opening a Capriotti’s franchised traditional restaurant. For more information on costs required to start a Capriotti’s franchise, refer to the Franchise Disclosure Document (Item 7).
| Type of Expenditure | Amount (Traditional Restaurant) |
|---|---|
| Franchise Fee | $40,000 |
| Development Services Fee | $10,000 |
| Architectural/Engineering Fees and Project Management | $15,000 – $32,500 |
| Professional Services | $2,000 – $8,000 |
| Permits and Licensing | $3,000 – $17,000 |
| Rent | See Note 7 |
| Security Deposits | $3,100 – $15,000 |
| Leasehold Improvements | $142,000 – $290,000 |
| Furniture, Fixtures, Equipment, and Smallwares | $100,000 – $175,000 |
| Interior Décor | $4,000 – $13,000 |
| Exterior Signage | $5,000 – $21,000 |
| Menu Boards | $800 – $2,000 |
| POS System | $6,200 – $20,000 |
| Training | $15,000 |
| Opening Inventory | $7,000 – $15,000 |
| Shop Launch Marketing Plan | $30,000 |
| Pre-Opening Mock Operations | $3,000 |
| Insurance (3 Months) | $1,000 – $2,000 |
| Additional Funds – 3 Months | $30,000 – $40,000 |
| Total (excluding real estate purchase and lease costs) | $417,000 – $749,000 |
Average Revenue (AUV)
How much revenue can you make with a Capriotti’s franchise? A Capriotti’s franchised restaurant makes on average $948,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $816,000 yearly revenue for similar sandwich franchises.
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Capriotti’s Franchise Disclosure Document
Frequently Asked Questions
How many Capriotti’s locations are there?
As of the latest data, Capriotti’s Sandwich Shop operates 159 locations across the United States. The majority of these are franchise-owned, with a significant concentration in Nevada, which hosts 45 locations, accounting for approximately 28% of the total. The company continues to expand its presence nationwide.
What is the total investment required to open a Capriotti’s franchise?
The total investment required to open a Capriotti’s franchise ranges from $109,000 to $749,000.
What are the ongoing fees for a Capriotti’s franchise?
Capriotti’s franchisees pay a royalty fee of 6% to 7% of gross sales and a 2% marketing fund contribution. Additionally, they contribute 2% of gross sales to cooperative advertising efforts. These fees support operational resources and marketing initiatives.
What are the financial requirements to become a Capriotti’s franchisee?
To qualify as a Capriotti’s franchisee, candidates are required to have a minimum net worth of $500,000 and at least $250,000 in liquid capital. These financial prerequisites ensure that franchisees possess the necessary resources to establish and sustain their operations effectively.
How much can a Capriotti’s franchise owner expect to earn?
The average gross sales for a Capriotti’s franchise are approximately $0.95 million per location. Assuming a 15% operating profit margin, $0.95 million yearly revenue can result in $143,000 EBITDA annually.
Who owns Capriotti’s?
Capriotti’s Sandwich is owned by Ashley Morris and Jason Smylie, who acquired it in 2008. Ashley Morris serves as the Chief Executive Officer, while Jason Smylie is the Chief Information Officer. Both were initially franchisees before leading the company’s expansion.
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