Earl of Sandwich franchise
2025 filing · September 15, 2025Growing
Earl of Sandwich at a glance
A fast-casual restaurant serving hot oven-toasted sandwiches, wraps, salads and soups. At the end of 2024 there were 31 Earl of Sandwich locations in the US, 26 franchised and 5 company-owned.
The business
- Franchisor
- Earl of Sandwich (USA), LLC
- The company that sells the franchises
- Franchising since
- 2004
- 21 years of selling franchises
- Franchisor based in
- Orlando, Florida
What you pay
- Cost to open
- $308K–$584K
- A traditional Earl of Sandwich restaurant
- Franchise fee
- $25,000
- Paid once, when you sign
- Royalty
- 6%
- 6% of gross sales, paid weekly
- Brand fund
- 2%
- 2% of gross sales to the brand fund, within a 3% weekly marketing obligation
- Renewal fee
- $5,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Franchisor financing
- None offered
Where it is
- US locations, 2024
- 31
- Franchised and company-owned
- Franchised
- 26
- Company-owned
- 5
- Change in 2 years
- +2
- Franchised locations, 2022–2024
- States
- 12
- Most in California, Florida and Nevada
Support and records
- Lawsuits disclosed
- None
- Franchisor revenue, 2024
- $36.5M
- The company, not one location
- Franchisor net income
- $1.27M
- Latest filing
- Sep 15, 2025
- 2025 filing
From Earl of Sandwich (USA), LLC’s 2025 filing; revenue and net income from its audited financial statements, page 194; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Earl of Sandwich among all franchises with the same figure.
| Figure | Earl of Sandwich | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $445,750 | Costs more than 59% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 31 | More than 56% of franchises |
How much a Earl of Sandwich franchise costs
Opening a traditional Earl of Sandwich restaurant costs an estimated $307,500 to $584,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold costs and building and site improvements ($160,000 to $342,000) and furnishings, fixtures and equipment ($75,000 to $105,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Deposit Fee | $0 | $2,500 | |
| Initial Franchise Fee | $25,000 | ||
| Grand Opening Required Spending | $7,500 | ||
| Leasehold Costs and Building and Site Improvements | $160,000 | $342,000 | |
| Furnishings, Fixtures and Equipment | $75,000 | $105,000 | |
| Signage | $3,000 | $20,000 | |
| Point of Sale System | $3,000 | $6,000 | |
| Technology | $1,000 | $4,000 | |
| Graphic Items | $3,000 | $7,000 | |
| Professional Fees | $1,000 | $4,000 | |
| Initial Manager Training | $4,000 | $6,000 | |
| Pre-Opening Costs | $15,000 | $40,000 | |
| Additional Funds – 3 months | $10,000 | $15,000 | |
| Total | $307,500 | $584,000 | |
Source: Earl of Sandwich (USA), LLC, 2025 filing, page 17
Earl of Sandwich franchise fee
The franchise fee is $25,000. You pay it when you sign the franchise agreement.
Source: Earl of Sandwich (USA), LLC, 2025 filing, page 12
Royalty and ongoing fees
| Royalty | 6% of gross sales, paid weekly. |
|---|---|
| Brand or marketing fund | 2% of gross sales to the brand fund, within a 3% weekly marketing obligation. |
| Transfer | $10,000 |
| Renewal Fee | $5,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Earl of Sandwich (USA), LLC, 2025 filing, page 13
Other fees as filed, from page 15. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Earl of Sandwich does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Earl of Sandwich (USA), LLC, 2025 filing, page 48
- Estimate Estimated yearly sales per location
- $630K–$1.1M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Earl of Sandwich franchisees
Lenders approved 6 SBA 7(a) loans for Earl of Sandwich franchisees from 2017 to 2019, $2.56M in all. All 5 that have ended were paid in full; none was charged off. The other one hasn’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Earl of Sandwich compares
Of the 80 sandwich franchises on this site, Earl of Sandwich is the 36th cheapest to open and the 36th largest by number of locations.
| Figure | Earl of Sandwich | Typical sandwich brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $308K | $321K | $222K |
| Cost to open, high end | $584K | $683K | $477K |
| Franchise fee | $25K | $32K | $40K |
| Royalty | 6% | 6% | 6% |
| Brand fund | 2% | 2% | 2% |
| US locations | 31 | 31 | 21 |
| Closed or left per year | 9% | 5.1% | – |
| Change in franchised locations, 2 yrs | +8.3% | 0% | – |
| Shares earnings figures | No | 50 of 80 | 2,147 of 3,352 |
Typical is the median across the 80 brands in sandwich franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2022 | 26 (+2) | 7 | – | – |
| 2023 | 29 (+3) | 5 | +5 | −2 |
| 2024 | 26 (−3) | 5 | 0 | −3 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: sandwich and sub franchise costs and franchise failure rates.
Source: Earl of Sandwich (USA), LLC, 2025 filing, page 49
Where Earl of Sandwich locations are
At the end of 2024, Earl of Sandwich had locations in 12 states. The most are in California, Florida and Nevada.
- California8
- Florida7
- Nevada5
- Georgia2
- Texas2
- Idaho1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 6 | 2 | 8 |
| Florida | 6 | 1 | 7 |
| Nevada | 3 | 2 | 5 |
| Georgia | 2 | 0 | 2 |
| Texas | 2 | 0 | 2 |
| Idaho | 1 | 0 | 1 |
| Kentucky | 1 | 0 | 1 |
| Maryland | 1 | 0 | 1 |
| Missouri | 1 | 0 | 1 |
| North Carolina | 1 | 0 | 1 |
All 12 states
| Pennsylvania | 1 |
|---|---|
| South Dakota | 1 |
Source: Earl of Sandwich (USA), LLC, 2025 filing, page 49
Who owns Earl of Sandwich?
Earl of Sandwich franchises are sold by Earl of Sandwich (USA), LLC. Its filing names no parent company.
From Earl of Sandwich (USA), LLC’s 2025 filing, page 9.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | No bankruptcy of the franchisor. Affiliated restaurant companies under the same management, including Bertucci's Restaurants, PB Restaurants, Planet Express (LAX) and Times Square Buffet, filed for Chapter 11 in April 2025. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Earl of Sandwich (USA), LLC, 2025 filing, litigation on page 10, bankruptcy on page 11
Earl of Sandwich filings
The figures on this page come from Earl of Sandwich (USA), LLC’s 2025 filing, issued September 15, 2025, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | September 15, 2025 | Minnesota | Costs, fees and locations, 2022–2024 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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