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Potbelly Sandwich

Potbelly Sandwich Franchise FDD, Costs & Fees (2025)

Potbelly Sandwich Shop is a fast-casual restaurant franchise known for its toasted sandwiches, soups, and salads. It emphasizes a warm, neighborhood atmosphere and uses high-quality ingredients to deliver comfort food.

KEY FRANCHISE STATS

Franchisees

?

95
+
111%
111%
Franchise fee

?

$40,000
Investment

?

$654,000 - $1,274,000
Revenue (AUV)

?

Undisclosed

$1,299,000

+
22.3%
22.3%

Potbelly Sandwich Shop is a beloved American fast-casual franchise known for its warm, toasted sandwiches and inviting atmosphere. Founded in 1997 by Peter Hastings in Chicago's Lincoln Park neighborhood, Potbelly began as an antique store where Hastings served sandwiches to customers.

The name "Potbelly" pays homage to the potbelly stove that warmed the original shop. The company is headquartered at 111 North Canal Street, Chicago, Illinois, and has grown to over 425 locations nationwide.

In 1996, entrepreneur Bryant Keil acquired Potbelly, sparking a period of rapid growth. The company began franchising in 2009, allowing business owners to bring Potbelly's unique offerings to their local communities.

The franchise serves toasted sandwiches, fresh salads, soups, hand-dipped shakes, and baked goods. Each location is designed to reflect the character of the neighborhood, creating a cozy and welcoming environment.

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 $20,000 – $40,000
Rental of Premises (3 months) $17,400 – $27,549
Architectural Fees $13,500 – $57,560
Construction $450,000 – $570,000
Signage $3,526 – $75,000
Furniture, Fixtures & Equipment $97,000 – $180,085
Smallwares $11,000 – $45,000
Technology $8,000 – $54,665
Training Expenses $4,000 – $50,000
Insurance (12 months) $4,000 – $9,240
Professional Fees $10,000 – $20,000
Business Licenses & Permits $795 – $5,000
Office Equipment & Supplies $1,000 – $5,000
Market Introduction Program $10,000 – $15,000
Opening Inventory $3,698 – $20,000
Additional Funds (3 months) $100 – $100,000
Total $654,019 – $1,274,099

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Type of Expenditure Amount
Initial Franchise Fee $20,000 – $40,000
Rental of Premises (3 months) $17,400 – $27,549
Architectural Fees $13,500 – $57,560
Construction $450,000 – $570,000
Signage $3,526 – $75,000
Furniture, Fixtures & Equipment $97,000 – $180,085
Smallwares $11,000 – $45,000
Technology $8,000 – $54,665
Training Expenses $4,000 – $50,000
Insurance (12 months) $4,000 – $9,240
Professional Fees $10,000 – $20,000
Business Licenses & Permits $795 – $5,000
Office Equipment & Supplies $1,000 – $5,000
Market Introduction Program $10,000 – $15,000
Opening Inventory $3,698 – $20,000
Additional Funds (3 months) $100 – $100,000
Total $654,019 – $1,274,099

Franchise Disclosure Document

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Number of units

Training

Potbelly Sandwich Shop provides a comprehensive training program for franchisees to ensure consistent quality and brand standards across locations. The training is mandatory and must be completed before opening the shop. The programs include:

  1. Operator & General Manager Training Program: This includes a structured training schedule conducted after the Franchise Agreement is signed and during the shop development period. It is designed to be completed at least six weeks before the shop's opening and involves both classroom and on-the-job training components. The schedule is coordinated approximately 2–3 months before the anticipated opening date.
  2. Associate Training: This program consists of 45 hours of on-the-job training at a designated training shop. There is no classroom component for this training.
  3. Certified Trainer/Shift Leader Training: This segment requires 60 hours of on-the-job training at a certified training location, with no classroom time included.
  4. Owner Training Course: The Managing Owner must attend a 4-day owner training course in addition to the broader 6-week training program. This course focuses on the operational philosophy, system standards, and core operational skills of a Potbelly Shop.

Territory Protection

Potbelly Sandwich Shop does not offer exclusive or protected territory rights to its franchisees under the standard Franchise Agreement. Franchisees operate their shop at a specific site approved by Potbelly, but this does not come with any exclusivity in that geographic area.

Potbelly and its affiliates retain the right to operate or authorize other Potbelly locations, or use other distribution channels—including online and retail sales—even in proximity to existing franchises.

Furthermore, the agreement clearly states that the franchisor does not provide any territorial rights such as expansion, non-encroachment, or first refusal unless explicitly outlined in a separate Shop Development Area Agreement.

Competitors

Below are some of

Potbelly Sandwich

key competitors in the

Sandwich

sector.

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

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.

Competitors

Supreme Deli

Supreme Deli is a family-style restaurant franchise offering North Indian, continental, and fusion dishes, serving groups celebrating occasions and everyday diners, and known for banquet-friendly spaces, warm hospitality, and generously portioned comfort food in a refined yet cozy setting.

Franchisees

?

24
+
n.a.
n.a.
Investment

?

$21,000 - $229,000

Frank & Furter's

Frank & Furter's is a quick-service hot dog franchise offering loaded gourmet dogs, burgers, and bar snacks, serving casual diners and late-night guests, and known for playful toppings, relaxed bar settings, and a fun, family-friendly vibe.

Franchisees

?

3
+
n.a.
n.a.
Investment

?

$351,000 - $875,000

Abu Omar Halal

Abu Omar Halal is a Mediterranean street-food franchise offering shawarma, falafel, and grilled halal dishes, serving quick-service guests across food trucks and restaurants, and known for generous portions, bold Middle Eastern flavors, and late-night service in busy urban markets.

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$335,000 - $634,000

Extreme Pita

Extreme Pita is a fast-casual restaurant franchise offering pita wraps, salads, and Mediterranean-inspired meals, serving health-conscious guests and busy families, and known for customizable pitas, fresh ingredients, and lighter alternatives to traditional fast food, including catering.

Franchisees

?

1
+
n.a.
n.a.
Investment

?

$192,000 - $513,000

Sub-Ology

Sub-Ology is a sandwich-and-fast-casual franchise offering premium subs, wraps, salads and soups made with Boar’s Head meats and locally baked bread, serving lunch and dinner diners, and known for gourmet ingredients and community-oriented atmosphere.

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$285,000 - $443,000

Miller's Famous Sandwiches

Miller’s Famous Sandwiches is a fast-casual franchise offering toasted sandwiches, soups, salads and coffee, serving lunch crowds and grab-and-go customers, and known for iconic brand history, streamlined operations and community-friendly service.

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$336,000 - $691,000

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