FiiZ Drinks franchise
2024 filing · April 30, 2024Shares sales figures
FiiZ Drinks at a glance
A drink shop mixing custom sodas and flavored drinks, served with baked treats. At the end of 2023 there were 69 FiiZ Drinks locations in the US, 63 franchised and 6 company-owned.
The business
- Industry
- Food
- Franchisor
- FiiZ Drinks Franchise, LLC
- The company that sells the franchises
- Franchising since
- 2013
- 11 years of selling franchises
- Franchisor based in
- Salt Lake City, Utah
- Typical size
- 1,000–1,500 sq ft
What you pay
- Cost to open
- $250K–$775K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 8%
- The greater of 8% of net sales or $2,500 a month
- Renewal fee
- $3,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 69
- Franchised and company-owned
- Franchised
- 63
- Company-owned
- 6
- States
- 9
- Most in Utah, Texas and Idaho
Support and records
From FiiZ Drinks Franchise, LLC’s 2024 filing; revenue and net loss from its audited financial statements, page 170; 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
FiiZ Drinks among all franchises with the same figure.
| Figure | FiiZ Drinks | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $512,000 | Costs more than 65% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 69 | More than 70% of franchises |
| Sales per locationYearly, as the brand reports it | $674,163 | Lower than 57% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 1.3× | Lower than 62% of brands that share sales figures |
How much a FiiZ Drinks franchise costs
Opening one FiiZ Drinks costs an estimated $249,500 to $774,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($50,000 to $380,000) and operational equipment package ($90,000 to $120,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $40,000 | ||
| Costs and Expenses Associated with Initial Training Program Taking Place at our Corporate Training Location | $2,500 | $10,000 | |
| Security Deposit under Lease for Premises | $0 | $15,000 | |
| Architectural Fees | $12,500 | $20,000 | |
| Leasehold Improvements | $50,000 | $380,000 | |
| Utilities – Deposit | $500 | $3,000 | |
| Operational Equipment Package | $90,000 | $120,000 | |
| Computer System – Hardware and Initial Required Software Costs (Pre-Opening) | $3,000 | $18,000 | |
| Signage – Exterior and Interior | $10,000 | $45,000 | |
| Initial Inventory | $9,000 | $18,000 | |
| Initial Marketing Spend | $10,000 | $25,000 | |
| Business Licenses and/or Permits | $500 | $1,500 | |
| Professional Fees | $1,000 | $5,000 | |
| Insurance Premiums | $500 | $1,500 | |
| Optional Project Management Services | $0 | $22,500 | |
| Additional Funds - 3 Months | $20,000 | $50,000 | |
| Total | $249,500 | $774,500 | |
Source: FiiZ Drinks Franchise, LLC, 2024 filing, page 18
FiiZ Drinks franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: FiiZ Drinks Franchise, LLC, 2024 filing, page 11
Royalty and ongoing fees
| Royalty | The greater of 8% of net sales or $2,500 a month. |
|---|---|
| Technology Fee | $800 per month. |
| Renewal Fee | $3,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: FiiZ Drinks Franchise, LLC, 2024 filing, page 12
Other fees as filed, from pages 13–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures FiiZ Drinks publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average net sales
- $674,163
Yearly figures for 2023, covering franchised drive-thru shops open all of 2023 (37 locations). The filing gives an average for each quartile rather than one overall figure; this is the overall average worked out from those and each one's number of locations. The average is about 1.3 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: FiiZ Drinks Franchise, LLC, 2024 filing, pages 54–55
SBA loans to FiiZ Drinks franchisees
Lenders approved 25 SBA-backed loans for FiiZ Drinks franchisees from 2015 to 2026, $8.09M in all: 23 7(a) loans and 2 504 loans. All 7 that have ended were paid in full; none was charged off. The other 18 haven’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 FiiZ Drinks compares
Of the 1144 food franchises on this site, FiiZ Drinks is the 334th cheapest to open and the 251st largest by number of locations.
| Figure | FiiZ Drinks | Typical food brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $250K | $348K | $222K |
| Cost to open, high end | $775K | $735K | $477K |
| Franchise fee | $40K | $35K | $40K |
| Royalty | 8% | 5.5% | 6% |
| Sales per location | $674K | $1.02M | $794K |
| US locations | 69 | 14 | 21 |
| Change in franchised locations, 0 yrs | +117.2% | +6.1% | – |
| Shares earnings figures | Yes | 672 of 1144 | 2,147 of 3,352 |
Typical is the median across the 1144 brands in food franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2021 | 38 (+9) | 3 |
| 2022 | 48 (+10) | 3 |
| 2023 | 63 (+15) | 6 |
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: franchise failure rates.
Source: FiiZ Drinks Franchise, LLC, 2024 filing, page 56
Where FiiZ Drinks locations are
At the end of 2023, FiiZ Drinks had locations in 9 states. The most are in Utah, Texas and Idaho.
- Utah52
- Texas6
- Idaho4
- Nevada2
- Colorado1
- New Mexico1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Utah | 47 | 5 | 52 |
| Texas | 6 | 0 | 6 |
| Idaho | 4 | 0 | 4 |
| Nevada | 2 | 0 | 2 |
| Colorado | 0 | 1 | 1 |
| New Mexico | 1 | 0 | 1 |
| North Carolina | 1 | 0 | 1 |
| Ohio | 1 | 0 | 1 |
| Wyoming | 1 | 0 | 1 |
Source: FiiZ Drinks Franchise, LLC, 2024 filing, page 57
Who owns FiiZ Drinks?
FiiZ Drinks franchises are sold by FiiZ Drinks Franchise, LLC.
From FiiZ Drinks Franchise, LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
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: FiiZ Drinks Franchise, LLC, 2024 filing, litigation on page 10, bankruptcy on page 10
FiiZ Drinks filings
The figures on this page come from FiiZ Drinks Franchise, LLC’s 2024 filing, issued April 30, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 30, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
