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Capriotti's Sandwich Shop Inc.

2014 Franchise 500
#293
At a Glance

Products & Services: Subs

Number of Locations: 106

Total Investment: $197K - $427.5K

Founded: 1976

Began Franchising: 1991

About Capriotti's Sandwich Shop Inc.

In 1976, Lois and Alan Margolet opened a sandwich shop in Wilmington, Delaware, naming it after their grandfather, Philip Capriotti. To differentiate their store from the competition, they roasted whole fresh turkeys overnight to use in their signature sandwich recipes. In 1991, they began offering franchises to family members, and later to others outside their family. In 2008, they sold the company to an investment group led by Ashley Morris, who had been a Las Vegas area Capriotti's franchisee since 2004.

Franchise Units

Year U.S. Canadian International Company Owned
2014 97 0 0 9
2013 88 0 0 6
2012 73 0 0 5
2011 65 0 0 4
2010 61 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $197,000 - $427,500
Franchise Fee: $30,000 - $40,000
Ongoing Royalty Fee: 6-7%
Term of Franchise Agreement: Term of agreement not renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $175,000
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #293 (2014), #289 (2013), #312 (2012), #234 (2011), #488 (2010),

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