Friend of a Farmer franchise
2022 filing · April 30, 2022Shares sales figures
Friend of a Farmer at a glance
A full-service farmhouse-style restaurant serving breakfast, brunch, lunch and dinner. At the end of 2021 there were 1 Friend of a Farmer locations in the US, all company-owned.
The business
- Franchisor
- Gramercy Park Hospitality Group LLC
- The company that sells the franchises
- Franchising since
- 2020
- 2 years of selling franchises
- Franchisor based in
- Locust Valley, New York
What you pay
- Cost to open
- $260K–$612K
- Fee, build-out and opening working capital
- Franchise fee
- $37,500
- $32,500 for a second or third restaurant
- Royalty
- 6%
- 6% of gross sales, paid weekly
- Brand fund
- 1.5%
- 1.5% of gross sales, paid with the royalty
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2019–2021
From Gramercy Park Hospitality Group LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Friend of a Farmer among all franchises with the same figure.
| Figure | Friend of a Farmer | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $436,265 | Costs more than 58% of franchises |
| Franchise feePaid once, when you sign | $37,500 | Lower than 59% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Friend of a Farmer franchise costs
Opening one Friend of a Farmer costs an estimated $260,330 to $612,200. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($75,000 to $200,000) and equipment, furniture and fixtures ($75,000 to $125,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $37,500 | ||
| Rent – 3 Months | $15,000 | $75,000 | |
| Lease & Utility Security Deposit | $5,000 | $25,000 | |
| Design & Architect Fees | $10,000 | $15,000 | |
| Leasehold Improvements | $75,000 | $200,000 | |
| Signage | $5,000 | $15,000 | |
| Equipment, Furniture and Fixtures | $75,000 | $125,000 | |
| Point-of-Sale & Computer Equipment | $3,500 | $8,500 | |
| Business Licenses & Permits (Not Including Liquor License) | $1,000 | $6,000 | |
| Professional Fees | $1,000 | $5,000 | |
| Insurance – 3 Months | $1,350 | $2,700 | |
| Initial Inventory (excluding alcohol) | $5,000 | $10,000 | |
| Training Expenses | $500 | $5,000 | |
| Grand Opening Marketing | $5,000 | $7,500 | |
| Additional Funds – 3 Months | $20,480 | $75,000 | |
| Total | $260,330 | $612,200 | |
Source: Gramercy Park Hospitality Group LLC, 2022 filing, page 17
Friend of a Farmer franchise fee
The franchise fee is $37,500, $32,500 for a second or third restaurant. You pay it when you sign the franchise agreement.
Source: Gramercy Park Hospitality Group LLC, 2022 filing, page 10
Royalty and ongoing fees
| Royalty | 6% of gross sales, paid weekly. |
|---|---|
| Brand or marketing fund | 1.5% of gross sales, paid with the royalty. |
| Technology Fee | $100 |
| Transfer Fee – Franchise Agreement | $5,000 |
| Local Marketing | 1% of Gross Sales |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Gramercy Park Hospitality Group LLC, 2022 filing, page 11
Other fees as filed, from pages 11–15. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Friend of a Farmer publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Gramercy Park Hospitality Group LLC, 2022 filing, page 49
- Estimate Estimated yearly sales per location
- $700K–$1.3M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Friend of a Farmer compares
Of the 58 breakfast franchises on this site, Friend of a Farmer is the 7th cheapest to open and the 52nd largest by number of locations.
| Figure | Friend of a Farmer | Typical breakfast brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $260K | $640K | $222K |
| Cost to open, high end | $612K | $1.2M | $477K |
| Franchise fee | $38K | $40K | $40K |
| Royalty | 6% | 5% | 6% |
| Brand fund | 1.5% | 1.4% | 2% |
| US locations | 1 | 13 | 21 |
| Shares earnings figures | Yes | 46 of 58 | 2,147 of 3,352 |
Typical is the median across the 58 brands in breakfast franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 1 | 0 | 0 |
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
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: Gramercy Park Hospitality Group LLC, 2022 filing, page 50
Who owns Friend of a Farmer?
Friend of a Farmer franchises are sold by Gramercy Park Hospitality Group LLC. Its filing names no parent company.
From Gramercy Park Hospitality Group LLC’s 2022 filing, page 7.
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: Gramercy Park Hospitality Group LLC, 2022 filing, litigation on page 10, bankruptcy on page 10
Friend of a Farmer filings
The figures on this page come from Gramercy Park Hospitality Group LLC’s 2022 filing, issued April 30, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | April 30, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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