About Figo Franchise
Figo is a restaurant franchise that launched its franchise program in 2025, offering a fresh dining concept to the American market.
The brand brings a distinctive culinary experience to guests through a menu built around quality ingredients and creative preparations.
The franchise fee is $30,000.
Figo Franchise Cost & Fees
Minimum Investment
$262K
Average Investment
$459K
Maximum Investment
$656K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $30,000 | One-time payment upon signing |
| Royalty Fee | 6% of your gross sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% of your gross sales | National brand fund |
| Total Investment Range | $261,900 – $656,000 | Includes build-out, inventory, working capital |
The investment range of $262K–$656K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of your gross sales) and marketing fee (1% of your gross sales) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial franchise fee | $30,000 | $30,000 |
| Rent and Lease Security Deposit | $2,100 | $40,000 |
| Utilities | $500 | $5,000 |
| Leasehold Improvements | $50,000 | $100,000 |
| Market Introduction Program | $10,000 | $20,000 |
| Furniture, Fixtures, and Equipment | $75,000 | $250,000 |
| Computer Systems | $1,000 | $2,000 |
| Insurance | $1,000 | $5,000 |
| Signage | $3,000 | $12,000 |
| Office Expenses | $500 | $1,000 |
| Inventory | $25,000 | $50,000 |
| Licenses and Permits | $1,800 | $6,000 |
| Staff Payroll | $5,000 | $15,000 |
| Professional Fees (lawyer, accountant, etc.) | $2,000 | $10,000 |
| Travel, lodging and meals for initial training | $5,000 | $10,000 |
| Additional funds (for first 3 months) | $50,000 | $100,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs we incur |
| Renewal Fee | Not specified, may be higher than initial fees |
| Technology Fee | Currently, $100-$150 per month |
| Audit Fee | Our actual cost (payable if failed to submit reports, non-compliance, or under-reported gross sales by more than 3%) |
| Market Cooperative Contribution | As determined by co-op. Currently, none. Maximum 5% of gross sales. |
| Local Marketing/Required Spending | 2% of your gross sales |
| Replacement / Additional Training fee | Currently, $500 per day |
| Third party vendors | Pass-through of costs, plus reasonable administrative charge. Currently, none. |
| Non-compliance fee | $500 (then $250 per week) |
| Reimbursement | Amount that we spend on your behalf, plus 10% |
| Late fee | $100 plus interest on the unpaid amount at a rate equal to 18% per year |
| Insufficient funds fee | $30 |
| Costs of collection | Our actual costs |
| Special support fee | Our then-current fee, plus our expenses. Currently, $500 per day. |
| Customer complaint resolution | Our expenses |
| Special inspection fee | Currently $500, plus our out-of-pocket costs |
| Non-compliance cure costs and fee | Our out-of-pocket costs and internal cost allocation, plus 10% |
| Liquidated damages | An amount equal to royalty fees and marketing fund contributions for the lesser of (i) 2 years or (ii) the remaining weeks of the franchise term. |
| Prevailing party’s legal costs | Our attorney fees, court costs, and other expenses of a legal proceeding, if we are the prevailing party |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 61 hours |
| Classroom Training | 48 hours |
| On-the-Job Training | 13 hours |
| Training Location | Our Location, New York, NY or Your Location or Virtual |
| Additional Training | Figo Franchising may at any time require that the Principal Executive and/or any other employee/team members complete training programs, in any format and in any location determined by Figo Franchising. Figo Franchising may charge a reasonable fee (currently $500 per day) for any training programs after initial opening. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Exclusive |
| Exclusive Territory | Yes |
| Territory Size | Approximately 50,000-100,000 people |
| Description | Your territory will have a population of approximately 50,000-100,000 people. Your territory will usually be specified as a radius around your location; however, we may use other boundaries (such as county lines or other political boundaries, streets, geographical features, or trade area). If you sign a Multi-Unit Development Agreement, you do not receive an exclusive territory as an area developer and may face competition from other franchisees, company-owned outlets, or other channels of distribution. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years from date of franchise agreement |
| Renewal Term | Up to 3 additional 5-year terms |
| Renewal Fee | Not specified, may be higher than initial fees |
| Renewal Conditions | Franchisee must notify franchisor of election to renew between 90 and 180 days prior to term end; be in compliance with all agreements; make required renovations/changes to conform to then-current System Standards; execute franchisor’s then-current standard form of franchise agreement and related documents (which may be materially different and include higher fees); and execute a general release of claims. |
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs incurred by Figo Franchising |
| Transfer Conditions | Pay transfer fee; proposed assignee and owners must complete franchise application processes, meet franchisor's standards, and be approved; proposed assignee is not a Competitor; proposed assignee executes franchisor’s then-current franchise agreement and related documents (without paying an initial franchise fee); all owners of proposed assignee provide a guaranty; franchisee has paid all monetary obligations to franchisor and third parties and is not in default; proposed assignee and owners/employees undergo required training; franchisee, owners, and transferee execute a general release; business fully complies with most recent System Standards. |
| Termination for Cause | Franchisor may terminate for cause with or without a cure period. With cure period: non-payment (10 days), other curable breaches (30 days), operating in a dangerous manner (48 hours). Without cure period: misrepresentation in application, false reports, bankruptcy, loss of location, material violation of compliance with laws, confidentiality, non-compete, or transfer provisions, abandonment of business, slander/libel, refusal to cooperate with audit/inspection, significant danger to health/safety, two or more defaults in 12 months, termination of other agreements with franchisor, felony charge/conviction, or acts materially affecting the brand. |
| Non-Compete Period | During term and 2 years post-term |
| Non-Compete Details | During the term of the Franchise Agreement, neither Franchisee, any Owner, nor any spouse of an Owner shall directly or indirectly have any ownership interest in, lend money or provide financial assistance to, provide any services to, or be employed by, any Competitor. For two years after the Agreement expires or is terminated, no Restricted Party shall engage in such activities within five miles of Franchisee’s former territory or the territory of any other Figo il Gelato Italiano business operating on the date of termination. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | You are not required to participate personally in the direct operation of your business, but it is recommended. You must designate a 'Principal Executive' who is primarily responsible for the business, has decision-making authority, and completes initial and future training programs. On-premises supervision by the owner is not required, but recommended. The business must always be managed by an individual who has completed the Owner/Operator Module of the Initial Training Program. If you open three or more units, a Regional Manager is required. |
| Required Suppliers | You will be required to purchase the majority of your operating inventory and product from our Affiliate, Pistacchio, LLC. We have the right to require you to purchase or lease all goods, services, supplies, fixtures, equipment, inventory, computer hardware and software, real estate, or comparable items related to establishing or operating your business either from us or our designee, or from suppliers approved by us, or according to our specifications. |
| Supply Restrictions | We have the right to require you to purchase or lease all goods, services, supplies, fixtures, equipment, inventory, computer hardware and software, real estate, or comparable items related to establishing or operating your business (1) either from us or our designee, or from suppliers approved by us, or (2) according to our specifications. You must purchase the majority of your operating inventory and product from our Affiliate, Pistacchio, LLC. You must use our specified point-of-sale software and hardware, and related software and hardware. You may only market, offer, sell and provide the Approved Services, as well as any related merchandise and other products that we authorize for sale in conjunction with the Approved Services. |
| Franchisor Revenue from Suppliers | We will derive revenue from the required purchases and leases by franchisees. Our total revenue from all required purchases and leases of products and services by franchisees in the prior fiscal year was $0. Our Affiliate’s revenues from required purchase or leases will be directly tied to the amount of product purchased by franchisees. We will receive payments from designated suppliers from franchisee purchases based on the purchase of equipment through our vendor Fabbri, receiving a rebate based on a percentage of the total purchase of equipment. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligations. |
Figo Franchise Earnings — Item 19
Figo does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Figo does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Figo Litigation & Risk Flags
Clean Litigation RecordFigo 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.
Figo System Growth
Total Units
3
Franchised
0
Company-Owned
3
Figo currently operates 0 franchised locations and 3 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2022 | 1 | 0 | 1 |
| 2023 | 1 | 0 | 2 |
| 2024 | 1 | 0 | 3 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
0
Total Assets
$23K
Audited by NAPER CPA GROUP for year ending December 31.
Figo Franchise — FAQ
The total investment to open a Figo franchise ranges from $261,900 to $656,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $30,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Figo charges a royalty fee of 6% of your gross sales of gross sales, plus a 1% of your gross sales contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Figo 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 Figo to ensure you have the most up-to-date version.
Figo does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Figo has been franchising since 2025. The FDD shows an investment range of $261,900-$656,000, a 6% of your gross sales royalty, and no 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 $30,000 and the total investment ranges from $261,900 to $656,000 depending on location size and market. A minimum of $50,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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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 Figo and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Figo or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com