Patsy's Italian Restaurant franchise
2026 filing · April 1, 2026
Patsy's Italian Restaurant at a glance
A full-service Italian restaurant modeled on the original Patsy's in New York. At the end of 2025 there were 1 Patsy's Italian Restaurant locations in the US, all company-owned.
The business
- Franchisor
- Patsy's of New York Franchise LLC
- The company that sells the franchises
- Franchisor based in
- New York, New York
- Typical size
- About 7,000 sq ft
What you pay
- Cost to open
- $2.85M–$4.18M
- Fee, build-out and opening working capital
- Franchise fee
- $100,000
- Paid once, when you sign
- Royalty
- 7%
- 7% of gross sales, paid monthly
- Brand fund
- Yes
- Up to 2% of gross sales, paid monthly
- Renewal fee
- $10,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
Where it is
- US locations, 2025
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2023–2025
Support and records
From Patsy's of New York Franchise LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Patsy's Italian Restaurant among all franchises with the same figure.
| Figure | Patsy's Italian Restaurant | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $3,516,250 | Costs more than 96% of franchises |
| Franchise feePaid once, when you sign | $100,000 | Higher than 98% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Patsy's Italian Restaurant franchise costs
Opening one Patsy's Italian Restaurant costs an estimated $2,853,500 to $4,179,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($1,155,000 to $1,732,500) and fixtures, furnishings, equipment & signage ($975,000 to $1,270,500). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $100,000 | ||
| Leasehold Improvements | $1,155,000 | $1,732,500 | |
| Fixtures, Furnishings, Equipment & Signage | $975,000 | $1,270,500 | |
| Architect Fees | $30,000 | $70,000 | |
| Business Licenses & Permits | $3,500 | $6,000 | |
| Rent and Utility Deposits | $25,000 | $60,000 | |
| Other Professional Fees | $10,000 | $30,000 | |
| Insurance | $50,000 | $100,000 | |
| Initial Inventory of Products and Food and Paper Supplies | $175,000 | $250,000 | |
| Training Expenses | $30,000 | $60,000 | |
| Grand Opening Advertising | $50,000 | ||
| Additional Funds (for initial period of operations) | $250,000 | $450,000 | |
| Total | $2,853,500 | $4,179,000 | |
Source: Patsy's of New York Franchise LLC, 2026 filing, page 17
Patsy's Italian Restaurant franchise fee
The franchise fee is $100,000. You pay it when you sign the franchise agreement.
Source: Patsy's of New York Franchise LLC, 2026 filing, page 11
Royalty and ongoing fees
| Royalty | 7% of gross sales, paid monthly. |
|---|---|
| Brand or marketing fund | Up to 2% of gross sales, paid monthly. |
| Transfer Fee – Franchise Agreement | $25,000 |
| Renewal Fee | $10,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Patsy's of New York Franchise LLC, 2026 filing, pages 12 and 13
Other fees as filed, from page 14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Patsy's Italian Restaurant 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: Patsy's of New York Franchise LLC, 2026 filing, page 50
- Estimate Estimated yearly sales per location
- $2M–$3.6M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Patsy's Italian Restaurant compares
Of the 813 restaurant franchises on this site, Patsy's Italian Restaurant is the 795th cheapest to open and the 710th largest by number of locations.
| Figure | Patsy's Italian Restaurant | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $2.85M | $408K | $222K |
| Cost to open, high end | $4.18M | $866K | $477K |
| Franchise fee | $100K | $35K | $40K |
| Royalty | 7% | 5% | 6% |
| US locations | 1 | 14 | 21 |
| Shares earnings figures | No | 474 of 813 | 2,147 of 3,352 |
Typical is the median across the 813 brands in restaurant franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2023 | 0 (0) | 1 | 0 | 0 |
| 2024 | 0 (0) | 1 | 0 | 0 |
| 2025 | 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: Patsy's of New York Franchise LLC, 2026 filing, page 50
Who owns Patsy's Italian Restaurant?
Patsy's Italian Restaurant franchises are sold by Patsy's of New York Franchise LLC. Its filing names no parent company.
From Patsy's of New York Franchise LLC’s 2026 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 10–11. |
|---|---|
| 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: Patsy's of New York Franchise LLC, 2026 filing, litigation on pages 10–11, bankruptcy on page 11
Patsy's Italian Restaurant filings
The figures on this page come from Patsy's of New York Franchise LLC’s 2026 filing, issued April 1, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 1, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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