Ike's

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Food & Beverage
Sandwich

Ike's

Food & Beverage
Sandwich

Ike's Franchise FDD, Costs & Fees (2025)

Ike's serves a variety of gourmet sandwiches with unique ingredients and bold flavors, providing a satisfying dining experience for sandwich lovers.

Ike's Love & Sandwiches, commonly known as Ike's, is a popular franchise specializing in gourmet sandwiches and unique culinary creations. Founded in 2007 by Ike Shehadeh in San Francisco, California, the franchise has established itself as a leader in the sandwich industry with its innovative approach to flavor combinations.

‍Ike's is headquartered in San Francisco, California, and began its franchising journey in 2014.

The franchise offers a diverse menu featuring an array of sandwiches with distinctive flavors, including signature items like the "Ike's Dirty Sauce" and various options tailored to meet a wide range of dietary preferences. 

Ike's differentiates itself through its focus on high-quality, fresh ingredients and an extensive selection of creative and customizable sandwich options that cater to various tastes and dietary needs.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $80,000
Delayed Opening Fee $0 to $9,000
Leasehold Improvements & Construction Cost $5,000 to $150,000
Licenses and Permits (Not Including Beer & Wine License) $500 to $4,000
Rent – 3 months $3,000 to $54,000
Security Deposits $200 to $20,000
Blueprints $250 to $20,000
Furnishings, Fixtures & Equipment $4,000 to $100,000
Signage – Interior and Exterior $450 to $20,000
POS Computer System $1,000 to $15,000
Travel & Living Expenses While Training $500 to $5,000
Manager/Leadership Training $2,000 to $6,000
Insurance – 3 Months $900 to $3,000
Professional Fees $1,000 to $5,000
Grand Opening Advertising Campaign $15,000
Opening Inventory & Supplies $2,500 to $15,000
On-Site Location Evaluation $0 to $500
Delivery Vehicle $0 to $2,500
Ancillary Real Estate Costs $5,000 to $50,000
Additional Funds – 3 Months $20,000 to $40,000
Total $141,300 to $614,000
Type of Expenditure Amount
Initial Franchise Fee $80,000
Delayed Opening Fee $0 to $9,000
Leasehold Improvements & Construction Cost $5,000 to $150,000
Licenses and Permits (Not Including Beer & Wine License) $500 to $4,000
Rent – 3 months $3,000 to $54,000
Security Deposits $200 to $20,000
Blueprints $250 to $20,000
Furnishings, Fixtures & Equipment $4,000 to $100,000
Signage – Interior and Exterior $450 to $20,000
POS Computer System $1,000 to $15,000
Travel & Living Expenses While Training $500 to $5,000
Manager/Leadership Training $2,000 to $6,000
Insurance – 3 Months $900 to $3,000
Professional Fees $1,000 to $5,000
Grand Opening Advertising Campaign $15,000
Opening Inventory & Supplies $2,500 to $15,000
On-Site Location Evaluation $0 to $500
Delivery Vehicle $0 to $2,500
Ancillary Real Estate Costs $5,000 to $50,000
Additional Funds – 3 Months $20,000 to $40,000
Total $141,300 to $614,000

Franchise Disclosure Document

Number of units

Training

Ike's Love & Sandwiches provides comprehensive training for its franchisees to ensure consistent quality and successful operations. The training includes:

  1. Operational Training: Franchisees receive detailed instruction on daily operations, including food preparation, customer service, and store management. This hands-on training helps ensure that franchisees adhere to Ike's high standards and procedures.
  2. Marketing and Sales: Franchisees are trained in Ike's marketing strategies and sales techniques to effectively promote their store. This includes guidance on local marketing campaigns, social media management, and promotional events.
  3. Administrative Support: Training covers essential administrative tasks such as inventory management, financial tracking, and point-of-sale systems. This helps franchisees manage their store efficiently and maintain profitability.
  4. Ongoing Support: Ike's offers continuous support after the initial training, including access to a dedicated support team, regular updates on best practices, and opportunities for additional training as needed.

Territory Protection

Ike's Love & Sandwiches provides territory protection to its franchisees as part of its franchise agreement. This means that each franchisee is granted an exclusive area in which no other Ike's locations can be opened, ensuring they have a defined market to serve without direct competition from other franchisees within the same brand.

The territory protection is designed to help franchisees maximize their market potential and build a strong customer base without the pressure of competing with other Ike's outlets in close proximity. This strategic approach supports franchisee success by reducing market overlap and allowing each location to thrive within its designated area.

KEY FRANCHISE STATS

All you need to know about this franchise

Started franchising
2019
Franchisees

?

6
+
200%
200%
Franchise fee

?

$80,000
Investment

?

$141,000 - $614,000
Revenue (AUV)

?

Undisclosed
Upgrade

$475,000

+
n.a.
n.a.
Operating Profit

?

Upgrade

n.a.

Home based

?

Upgrade
Passive investment

?

Upgrade
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Competitors

Below are some of

Ike's

key competitors in the

Sandwich

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Upgrade
Gross Profit
Upgrade
EBITDA
Upgrade

6

New
+
200%
200%

$80,000

$141,000

$614,000

n.a.

$475,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

58

New
+
4%
4%

$25,000

$283,000

$577,000

n.a.

$737,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

8

New
+
14%
14%

$35,000

$178,000

$978,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

154

New
+
-12%
-12%

$30,000

$337,000

$595,000

n.a.

$685,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

150

New
+
-32%
-32%

$30,000

$254,000

$822,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

33

New
+
267%
267%

$35,000

$330,000

$809,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

65

New
+
0%
0%

$30,000

$329,000

$465,000

n.a.

$783,000

$xxx,xxx

65.7%

xx%

n.a.

6.3%

xx%

n.a.

95

New
+
111%
111%

$40,000

$654,000

$1,274,000

n.a.

$1,299,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

24

New
+
-8%
-8%

$30,000

$154,000

$663,000

n.a.

$465,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

78

New
+
2500%
2500%

$49,500

$286,000

$569,000

n.a.

$719,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

112

New
+
20%
20%

$20,000

$382,000

$668,000

n.a.

$880,000

$xxx,xxx

76.0%

xx%

n.a.

n.a.

xx%

n.a.

119

New
+
2%
2%

$25,000

$420,000

$857,000

n.a.

$512,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

19

New
+
-21%
-21%

$25,000

$240,000

$829,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

1

New
+
0%
0%

$25,000

$321,000

$607,000

n.a.

$1,183,000

$xxx,xxx

71.0%

xx%

n.a.

n.a.

xx%

n.a.

66

New
+
-10%
-10%

$40,000

$1,022,000

$1,414,000

n.a.

$2,307,000

$xxx,xxx

69.6%

xx%

n.a.

10.9%

xx%

n.a.

44

New
+
-14%
-14%

$25,000

$122,000

$474,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

75

New
+
50%
50%

$50,000

$631,000

$2,086,000

n.a.

$1,960,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

36

New
+
-25%
-25%

$25,000

$465,000

$1,165,000

n.a.

$687,000

$xxx,xxx

72.5%

xx%

n.a.

8.1%

xx%

n.a.

97

New
+
-15%
-15%

$18,000

$90,000

$589,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

321

New
+
1%
1%

$25,000

$474,000

$765,000

n.a.

$771,000

$xxx,xxx

76.5%

xx%

n.a.

12.5%

xx%

n.a.

524

New
+
7%
7%

$35,500

$1,045,000

$2,442,000

n.a.

$1,792,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

128

New
+
44%
44%

$40,000

$109,000

$749,000

n.a.

$948,000

$xxx,xxx

70.1%

xx%

n.a.

17.1%

xx%

n.a.

2

New
+
0%
0%

$35,000

$267,000

$426,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

10

New
+
-9%
-9%

$15,000

$183,000

$370,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

744

New
+
22%
22%

$24,500

$204,000

$985,000

n.a.

$813,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

22

New
+
-12%
-12%

$30,000

$411,000

$737,000

n.a.

$829,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

2955

New
+
25%
25%

$18,500

$182,000

$1,414,000

n.a.

$1,285,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

24

New
+
9%
9%

$25,000

$315,000

$664,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

7

New
+
0%
0%

$15,000

$131,000

$445,000

n.a.

$618,000

$xxx,xxx

72.0%

xx%

n.a.

n.a.

xx%

n.a.

43

New
+
-2%
-2%

$35,000

$278,000

$639,000

n.a.

$686,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

26

New
+
0%
0%

$20,000

$199,000

$407,000

n.a.

$826,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

2647

New
+
2%
2%

$35,000

$366,000

$728,000

n.a.

$935,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

65

New
+
-11%
-11%

$30,000

$40,000

$460,000

n.a.

$625,000

$xxx,xxx

70.4%

xx%

n.a.

10.1%

xx%

n.a.

72

New
+
-15%
-15%

$30,000

$82,000

$1,235,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

73

New
+
-8%
-8%

$35,000

$1,720,000

$2,529,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

165

New
+
-28%
-28%

$5,000

$458,000

$1,432,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

1206

New
+
5%
5%

$20,000

$379,000

$1,392,000

n.a.

$933,000

$xxx,xxx

69.6%

xx%

n.a.

8.7%

xx%

n.a.

0

New
+
n.a.
n.a.

$40,000

$2,917,000

$6,297,000

n.a.

$3,352,000

$xxx,xxx

67.5%

xx%

n.a.

16.2%

xx%

n.a.

59

New
+
20%
20%

$40,000

$100,000

$1,340,000

n.a.

$1,598,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

19502

New
+
-5%
-5%

$15,000

$239,000

$404,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

25

New
+
-22%
-22%

$22,500

$107,000

$227,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

2286

New
+
-1%
-1%

$37,500

$645,000

$2,451,000

n.a.

$1,269,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

2

New
+
n.a.
n.a.

$45,000

$726,000

$1,157,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

186

New
+
90%
90%

$50,000

$727,000

$1,825,000

n.a.

$2,720,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

Competitors

D'Angelo Grilled Sandwiches

D'Angelo Grilled Sandwiches is a fast-casual sandwich franchise offering grilled subs, soups, salads and coffee, serving lunch and dinner crowds, and known for flame-roasted flavour, fresh ingredients and community-based franchise experience.

Franchisees

?

22
+
-12%
-12%
Investment

?

$411,000 - $737,000
Food & Beverage
Sandwich

Submarina California Subs

Submarina California Subs is a submarine-sandwich franchise offering crafted subs with fresh, quality ingredients, serving take-out and delivery customers, and known for California-style flavor, strong franchise support, and award-winning menu.

Franchisees

?

10
+
-9%
-9%
Investment

?

$183,000 - $370,000
Food & Beverage
Sandwich

Erik's Delicafe

Erik's DeliCafe is a sandwich and soup franchise offering handcrafted sandwiches, slow-simmered soups, salads, and bakery items, serving lunch crowds and families, and known for wholesome ingredients, comforting recipes, and neighborhood hospitality.

Franchisees

?

26
+
0%
0%
Investment

?

$199,000 - $407,000
Food & Beverage
Sandwich

Lennys Grill & Subs

Lennys Grill & Subs is a fast-casual franchise offering grilled sandwiches, subs, salads, and soups, serving lunch and dinner crowds, and known for freshly prepared items, quality ingredients, and strong local presence.

Franchisees

?

58
+
4%
4%
Investment

?

$283,000 - $577,000
Food & Beverage
Sandwich

Cheesy Street Grill

Cheesy Street Grill is a fast-casual franchise offering grilled cheese sandwiches, comfort foods, and quick-service menu options, serving lunch and dinner diners, and known for inventive cheese creations, approachable pricing, and brand personality.

Franchisees

?

2
+
0%
0%
Investment

?

$267,000 - $426,000
Food & Beverage
Sandwich

Crepe Delicious

Crepe Delicious is a café franchise offering sweet and savory crepes, waffles, smoothies, and coffee, serving breakfast and lunch customers, and known for fresh ingredients, customizable menu, and café experience in retail venues.

Franchisees

?

8
+
14%
14%
Investment

?

$178,000 - $978,000
Food & Beverage
Sandwich
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