Cousins Subs franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.22 ↗

Franchise fees and ongoing costs

Franchise fee

$17,500 to $25,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

6% · 6% of weekly gross receipts, payable by Wednesday for the prior Sunday-Saturday week

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

$300 to $800 per month (Technology Fund Contribution), same due date as royalty

Other fees

Not captured

Working capital (FDD Item 7)

$20,000-$50,000 for the standard Franchise Agreement (working capital for operating expenses, including wages, during the Shop's initial phase); $0 additional funds estimated for the Multi-Unit Development Agreement itself.

Fees sourceFDD p.15 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.22 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Part 1: average/median annual gross receipts by tercile (High/Middle/Low) for affiliate-owned Shops and for franchised traditional and non-traditional Shops. Part 2: average revenue, cost of goods sold, operating expenses, and EBITDA of affiliate-owned Shops by revenue band ($0-699,999 / $700,000-999,999 / >$1,000,000).

Reporting period

Fiscal years 2023, 2024, and 2025 (most recent FY ended December 28, 2025)

Sample

FY2025: 58 affiliate-owned Shops (across High/Middle/Low terciles); 29 franchised traditional Shops and 4 franchised non-traditional Shops

Reported average

$966,928

Reported median

$963,425

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.53 ↗

Unit growth: Item 20

Reporting year

2025

Scope

franchised outlets

Starting outlets

36

Year-end outlets

34

Net change

-2

Derivation

ending minus starting outlets

Openings

0

Terminations

2

Non-renewals

0

Other closures

0

Reacquisitions

0

Transfers

5

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.61 ↗

SBA loan history

Loan activity

2 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

Not captured

Median loan window

Not captured

Median loan sample

Not captured

Historical charge-off share

4.17%

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

1 / 24

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Cousins Subs franchise cost?

Franchise Agreement (standard Shop, 2,000-2,400 sq ft benchmark): $464,700 to $1,164,500; Multi-Unit Development Agreement (development fee only, before per-Shop investment): $17,500 to $78,750 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $17,500 to $25,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.22 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Cousins Subs owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Part 1: average/median annual gross receipts by tercile (High/Middle/Low) for affiliate-owned Shops and for franchised traditional and non-traditional Shops. Part 2: average revenue, cost of goods sold, operating expenses, and EBITDA of affiliate-owned Shops by revenue band ($0-699,999 / $700,000-999,999 / >$1,000,000).. Sample: FY2025: 58 affiliate-owned Shops (across High/Middle/Low terciles); 29 franchised traditional Shops and 4 franchised non-traditional Shops. Period: Fiscal years 2023, 2024, and 2025 (most recent FY ended December 28, 2025).

Item 19 performance sourceFDD p.53 ↗

What's the SBA charge-off rate for Cousins Subs?

4.17%; numerator / denominator: 1 / 24. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability.

SBA loans sourceSBA data · Jun 30, 2026 ↗