What year does the sales data represent for the Capriottis Sandwich Shop locations?
Capriottis_Sandwich_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
The first portion of this financial performance representation discloses the actual unaudited historical average, median, and high/low annual Gross Sales during 2024 for all franchised (a total of 120 in 2024) and affiliate-owned (a total of 13 in 2024) traditional CAPRIOTTI'S Restaurants in the United States that were open and operating during all of 2024. (The 13 affiliate-owned CAPRIOTTI'S Restaurants include 3 franchised Restaurants—2 in Nevada and one in Pennsylvania—that we reacquired from franchisees during February and October 2024 and therefore were affiliate-owned Restaurants as of the end of 2024.) It also discloses the actual unaudited historical average, median, and high/low annual Gross Sales during 2024 of:
- (i) the franchised (a total of 59 in 2024) and affiliate-owned (a total of 13 in 2024) traditional CAPRIOTTI'S Restaurants that operate in "mature markets" (defined in the tables below);
- (ii) the franchised (a total of 101 in 2024) and affiliate-owned (a total of 13 in 2024) traditional CAPRIOTTI'S Restaurants that had been open for more than 2 full years as of December 31, 2024; and
- (iii) the franchised (a total of 51 in 2024) and affiliate-owned (a total of 9 in 2024) traditional CAPRIOTTI'S Restaurants that had been open for more than 10 full years as of December 31, 2024.
However, this financial performance representation does not include the results of the following 39 Restaurants operating under the CAPRIOTTI'S Mark:
- (a) 14 traditional franchised and 2 affiliate-owned Restaurants that opened during 2024 (and therefore were not open for the full 2024 calendar year);
- (b) 16 traditional franchised Restaurants that permanently closed during 2024 (and therefore were not open for the full 2024 calendar year); and
- (c) 3 franchised Restaurants that operated at non-traditional locations (and are not our prototypical franchised Restaurants); and
- (d) 4 traditional franchised Restaurants with limited operating hours (less than 50 hours per week during 2024, while our standard operating hours are a minimum of 70 hours per week).
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 59–67)
What This Means (2025 FDD)
According to Capriottis Sandwich Shop's 2025 Franchise Disclosure Document, the financial performance representation includes actual, unaudited historical average, median, and high/low annual Gross Sales data from the 2024 calendar year. This data encompasses all franchised and affiliate-owned traditional Capriottis Sandwich Shop restaurants in the United States that were open and operating throughout 2024.
The 2024 sales data also includes specific subsets of restaurants, such as those operating in "mature markets" and those open for more than two or ten full years as of December 31, 2024. However, the financial performance representation excludes results from restaurants that opened or closed during 2024, those operating at non-traditional locations, and those with limited operating hours (less than 50 hours per week).
Prospective franchisees should note that the historical financial performance data is specific to the 2024 calendar year and may not be indicative of future performance. Capriottis Sandwich Shop emphasizes that individual results may vary, and there is no assurance that a franchisee will achieve similar sales figures. It is crucial for potential franchisees to conduct their own due diligence and consider various factors, including location, market conditions, and operational capabilities, when evaluating the potential financial performance of a Capriottis Sandwich Shop franchise.