About Newk's Initial Franchise
Newk's Eatery is a fast casual dining franchise that combines the quality of a full service restaurant with the speed and convenience of counter service.
The menu features made to order sandwiches, fresh tossed salads, hearty soups, and hand rolled pizzas, all prepared with premium ingredients.
Newk's has earned a strong reputation for its welcoming dining rooms and a menu that satisfies a wide range of tastes and dietary preferences.
Newk's Initial Franchise Cost & Fees
Minimum Investment
$1.1M
Average Investment
$1.3M
Maximum Investment
$1.4M
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $20,000 to $40,000 | One-time payment upon signing |
| Royalty Fee | 5% of Net Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | You must contribute to the National Marketing Fund, which is described in Item 1 | National brand fund |
| Total Investment Range | $1,087,000 – $1,414,350 | Includes build-out, inventory, working capital |
The investment range of $1.1M–$1.4M reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Net Sales) and marketing fee (You must contribute to the National Marketing Fund, which is described in Item 1) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee (Note 2) | $40,000 | $40,000 |
| Business Licenses & Permits (Note 3) | $1,500 | $3,000 |
| Leasehold Improvements; (Note4) | $500,000 | $650,000 |
| Fixtures, Furnishings & Equipment (Note5) | $415,000 | $541,000 |
| Architect Fees (Note6) | $30,000 | $45,850 |
| Rent and Utility Deposits (Note7) | $8,000 | $16,000 |
| Other Professional Fees (Note 8) | $5,000 | $5,500 |
| Insurance Deposit (Note9) | $5,000 | $10,000 |
| Initial Inventory of Food and Paper Supplies (Note10) | $12,500 | $18,000 |
| Training Expenses (Note 11) | $22,500 | $30,000 |
| Grand Opening Advertising (Note12) | $15,000 | $15,000 |
| Additional Funds (for initial period of operations) (Note 13) | $32,500 | $40,000 |
| Total Estimated Initial Investment | $1,087,000 | $1,414,350 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | An amount equal to 50% of our then-current initial franchise fee |
| Renewal Fee | $5,000 |
| Technology Fee | $200 |
| Audit Fee | $500 |
| Additional on-site training and assistance | $250 |
| Point of Sale Maintenance Contract | $2,750 |
| Learning Management System | $49 |
| Relocation Fee | $2,500 |
| Charges for “mystery customer” quality control evaluation | $500 |
| Late Fee and Interest on Overdue Payments | A late fee equal to 5% of your overdue amount, and interest equal to 1.5% per mo |
| Business Licenses & Permits (Note 3) | $1,500 |
| Leasehold Improvements; (Note4) | $500,000 |
| Fixtures, Furnishings & Equipment (Note5) | $415,000 |
| Architect Fees (Note6) | $30,000 |
| Rent and Utility Deposits (Note7) | $8,000 |
| Other Professional Fees (Note 8) | $5,000 |
| Insurance Deposit (Note9) | $5,000 |
| Initial Inventory of Food and Paper Supplies (Note10) | $12,500 |
| Training Expenses (Note 11) | $22,500 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 20 hours on-the-job |
| On-the-Job Training | 20 hours |
| Training Location | Certified Training Restaurants in the field and online |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | exclusive |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | If you meet our criteria, three renewal terms of 5 years each. |
| Termination for Cause | Includes default under Franchise Agreement, bankruptcy, abandonment, and other grounds; see § 16 of the Franchise Agreement. (Under the U.S. Bankruptcy Code, we may not be able to terminate the agreem |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Does not offer financing. |
Newk's Initial Franchise Earnings — Item 19
Average Revenue
$374K
Median Revenue
$293K
Past financial performance does not guarantee future results. Individual results will vary.
Newk's Initial Litigation & Risk Flags
Clean Litigation RecordNewk's Initial has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Newk's Initial System Growth
Total Units
87
Franchised
87
Company-Owned
0
Newk's Initial currently operates 87 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 18 | ||
| 2021 | 105 | ||
| 2022 | 27 | ||
| 2022 | 100 | ||
| 2023 | 29 | ||
| 2023 | 97 |
Newk's Initial Franchise — FAQ
The total investment to open a Newk's Initial franchise ranges from $1,087,000 to $1,414,350, per their Franchise Disclosure Document. This includes the initial franchise fee of $20,000 to $40,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Newk's Initial charges a royalty fee of 5% of Net Sales of gross sales, plus a You must contribute to the
National Marketing Fund,
which is described in Item 1 contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Newk's Initial Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Newk's Initial to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Newk's Initial franchise owners report average revenue of $374K and median revenue of $293K. Past performance does not guarantee future results.
Newk's Initial has been offering franchise opportunities. The FDD shows an investment range of $1,087,000-$1,414,350, a 5% of Net Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $20,000 to $40,000 and the total investment ranges from $1,087,000 to $1,414,350 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Interested in Newk's Initial?
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Newk's Initial and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Newk's Initial or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com