Capriotti’s Franchise FDD, Profits & Costs
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.
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:
Capriotti’s Franchise Disclosure Document
Frequently Asked Questions
What funding options are available for a Capriotti’s franchise?
Most franchise buyers in Capriotti’ss investment range finance their unit through an SBA 7(a) loan, with some multi-unit operators using SBA 504 loans. Buyers with rollable retirement funds sometimes use a ROBS structure. See SharpSheets financial model hub for guidance.
How long does it take to pay back a Capriotti’s franchise investment?
Payback periods typically run 3-7 years depending on investment level, location performance, and financing structure. Actual payback varies significantly by unit performance and debt service obligations.
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.
SharpSheets Editorial Team | sharpsheets.io | Last Updated: July 2026
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. SharpSheets is an independent educational resource and is not affiliated with, endorsed by, or representing any franchisor mentioned on this website. Where noted, figures are taken from the franchisor’s Franchise Disclosure Document (FDD). In some cases, we may provide independent calculations or estimates based on publicly available information. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
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