What was the average net revenue for Amorino stores in 2023?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
| Calendar Year | No. of included stores | Average Net Revenues | % Growth in Average Net Revenues | No. of Stores | Median | High Net Revenues | Low Net Revenue |
|---|---|---|---|---|---|---|---|
| Above/ Below Average | |||||||
| 2023 | 16 | $1,080,663 | n/a | 9/16 | $654, 324 | $1,976,741 | $426,553 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 68–73)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the average net revenue for 16 stores in 2023 was $1,080,663. The FDD notes that this data pertains to established stores that were open and operating for a minimum of 12 months as of December 31, 2023. Net revenues include all revenues generated from business conducted at or from the store, including food sales, but exclude sales taxes, documented refunds, chargebacks, credits, and allowances given to customers.
Of the 16 stores included in the 2023 average, 9 stores were above average and the median net revenue was $654,324. The highest net revenue reported was $1,976,741, while the lowest was $426,553. It is important to note that these figures do not include costs associated with starting and operating a store, such as initial franchise fees, build-out and equipment costs, technology, training, and living expenses.
The FDD also provides a breakdown of costs associated with the average net revenue. These costs include COGS (cost of goods sold) at $345,170, payroll at $265,289, occupancy at $138,706, marketing and advertising at $3,226, other expenses at $158,849, interest expense at $8,183, depreciation and amortization at $19,551, and taxes at $7,155. After deducting these expenses, the average net income was $134,504. Adding back interest, depreciation, amortization, and taxes, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $169,393.
Amorino states that the financial performance representation does not guarantee future financial performance, and individual results may vary. The FDD recommends that prospective franchisees conduct their own independent investigation and consult with financial advisors to determine if the franchise is a profitable opportunity for them. The FDD also notes that written substantiation for the financial performance representation will be made available to a prospective franchisee upon reasonable request.