About Lukumades Franchise
Lukumades is a specialty restaurant franchise featuring authentic Greek doughnuts, pastries, gelato, beverages, and other dessert items.
The concept brings a taste of traditional Greek street food to modern diners, offering a unique menu that stands apart from typical dessert and bakery franchises with its focus on loukoumades and Mediterranean inspired sweets.
The franchise fee is $45,000, and Lukumades has been franchising since 2022 under its parent company, Lukumades Global FZCO.
Lukumades Franchise Cost & Fees
Minimum Investment
$198K
Average Investment
$260K
Maximum Investment
$322K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $45,000 | One-time payment upon signing |
| Royalty Fee | 6% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of Gross Sales | National brand fund |
| Total Investment Range | $197,795 – $321,530 | Includes build-out, inventory, working capital |
The investment range of $198K–$322K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of Gross Sales) and marketing fee (2% of Gross Sales) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $45,000 | $45,000 |
| Construction and Leasehold Improvements | $56,940 | $106,765 |
| Lease Deposits – Three Months | $5,340 | $14,235 |
| Equipment | $43,000 | $43,000 |
| Signage | $2,000 | $4,000 |
| Computer, Software and Point of Sale System | $2,000 | $3,000 |
| Grand Opening Marketing | $2,135 | $2,135 |
| Initial Inventory | $4,270 | $18,510 |
| Utility Deposits | $715 | $3,560 |
| Insurance Deposits – Three Months | $715 | $3,560 |
| Travel for Initial Training | $0 | $2,850 |
| Professional Fees | $7,120 | $14,235 |
| Licenses and Permits | $3,560 | $10,680 |
| Additional Funds – Three Months | $25,000 | $50,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $20,000 |
| Renewal Fee | 10% of our then current initial franchise fee |
| Technology Fee | Up to $500 per month, currently $150 per month |
| Audit Fee | Cost of audit |
| Local Marketing | 2% of Gross Sales |
| POS System | Currently $215 per month |
| Online Ordering, Customer Rewards, and Gift Cards | Currently not implemented by us but may be implemented in the future (As invoiced and as incurred) |
| Local and Regional Advertising Cooperatives | As established by cooperative members, but not exceeding 2% of Gross Sales |
| Annual Conference Attendance Fee | Our then current conference fee, not greater than $1,500 |
| Additional Employee Initial Training | Our then current training fee, currently $250 per person per day |
| Supplemental On-Site Training | Our then current daily rate per trainer, plus expenses we incur. Current rate is $250 per day |
| Interest | 18% per annum from due date |
| Reporting Non-Compliance | $150 per occurrence |
| Operations Non-Compliance | $450 to $1,000 per occurrence |
| Payment Non-Compliance | $150 per occurrence |
| Quality Assurance Audit | Actual costs incurred by us |
| Collections | Actual fees, costs, and expenses |
| NSF Check Fee of Failed Electronic Fund Transfer | 5% of amount or $50, whichever is greater, or maximum fee allowed by law |
| Non-Compliance | Actual fees, costs, and expenses |
| Supplier Review | Actual fees, costs, and expenses |
| Management Service | Actual costs incurred by us |
| Operations Manual Replacement Fee | $500 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Approximately 10 weeks pre-opening, plus an additional one week post-opening. Total 406 hours. |
| Classroom Training | 6 hours |
| On-the-Job Training | 400 hours |
| Training Location | Jacksonville, Florida (for Food & Beverage Skills, Barista Training, Customer Service Skills, Ordering & POS/Other Systems, Stock Control). Online Training Workshop (for Human Resources, Marketing Systems, Design Systems). |
| Additional Training | Franchisor may require supplemental on-site training ($250 per trainer per day plus expenses) and refresher training courses or system-wide training courses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Designated Territory |
| Exclusive Territory | No |
| Territory Size | Smaller of a distance of two miles from the Restaurant Location in all directions travelable by road or, a territory encompassing a population of 20,000 people. May be limited to physical boundaries of a mall or similar facility with a captive market. |
| Description | Defined by zip code, boundary streets, highways, county lines, designated market area, and/or other recognizable demarcations. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | One additional 10-year term |
| Renewal Fee | 10% of our then current initial franchise fee |
| Renewal Conditions | Compliance with agreement terms, 180 days prior written notice, sign current Franchise Agreement and related agreements, general release, pay renewal fee, remodel/upgrade restaurant, secure legal right to occupy premises, meet other renewal requirements. Owners and spouses must guarantee terms. |
| Transfer Fee | $20,000 |
| Transfer Conditions | Prior written consent of Franchisor, 30 days prior written notice, all monetary obligations satisfied, transferee meets franchisor's standards, transferee not a competitor, transferee and owners/spouses sign agreements/guaranty, franchisee/owners/spouses sign general release, assignment of approved location/assets, transferee completes training, franchisor approval of terms/price. |
| Termination for Cause | Automatic termination without notice: insolvency, bankruptcy, assignment for benefit of creditors, levy/execution against agreement/assets, final judgment unsatisfied for 30 days, dissolution, termination of leasehold interests, foreclosure on lien against location/equipment, sale of property after levy. Termination with written notice without cure period: three or more curable defaults, intentional/knowing refusal to comply with terms, intentional/knowing/negligent operation in violation of laws posing health/safety threat, abandonment, failure to maintain leasehold interests, intentionally misleading financial data, unauthorized transfer, disclosure of confidential information, activity causing material adverse effect on franchisor/system/marks, breach of ancillary agreement, felony conviction, dishonest/unethical conduct impacting system, failure to complete training, failure to notify of confidentiality breach. Termination after 10-day cure period: failure to timely pay fees/obligations to franchisor/affiliate/suppliers without legal justification. Termination after 30-day cure period: failure to comply with agreement terms (not covered by 16.A.(1)-(3)), failure to obtain/secure approved lease, failure to develop/open on time, failure to manage/maintain/operate in compliance with standards, failure to comply with laws/permits, operational standards violations (determined by inspection/audit), underreporting gross sales by 5% or more, failure to maintain required insurance, failure to pay vendors/suppliers for development/construction. |
| Non-Compete Period | During the term of the agreement, and 24 months after termination/expiration/transfer (or 18 months if 24 is unenforceable). |
| Non-Compete Details | Prohibits owning, operating, managing, funding, performing services for, diverting business to, or inducing customers/clients to a Competitive Business. Applies to franchisee, owners, and spouses. Restricted Territory includes Designated Territory, a 25-mile radius around it, and a 10-mile radius around any other Lukumades Restaurant. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Managing Owner (who must own at least 25% equity) must be personally responsible for the day-to-day management and overall supervision of the Restaurant. An Operating Manager can be hired to supervise on-site operations, but the Managing Owner must still be actively involved. |
| Required Suppliers | Franchisees must purchase certain System Supplies from the franchisor, its affiliates, or designated suppliers. Branded furniture, fixtures, and signage must be from designated suppliers. Point of sale systems, online ordering, customer rewards, and gift card systems must use designated suppliers/vendors (currently Revel). Credit card processing must use designated supplier/vendor. Branded marketing materials must be from franchisor or designated exclusive supplier. |
| Supply Restrictions | Franchisees may only offer and sell Approved Services and Products and use authorized products, supplies, equipment, technology systems, and services. Franchisor may designate exclusive suppliers. Franchisees can propose new suppliers for non-designated items, subject to franchisor approval and a Supplier Evaluation Fee. |
| Franchisor Revenue from Suppliers | During the fiscal year ending December 31, 2023, we or our affiliates did not earn any revenue from approved suppliers based on our franchisees’ purchases or leases. |
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 other obligation. |
Lukumades Franchise Earnings — Item 19
Lukumades 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.
Lukumades 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.
Lukumades Litigation & Risk Flags
1 Pending Action ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Lukumades System Growth
Total Units
0
Franchised
0
Company-Owned
0
Lukumades currently operates 0 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 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 23 states: California, Connecticut, Florida, Hawaii, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Nebraska, New York, North Carolina, North Dakota, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
0
Net Income
$-4,060
Total Assets
$940
Audited by Muhammad Zubairy, CPA PC for year ending December 31.
Lukumades Franchise — FAQ
The total investment to open a Lukumades franchise ranges from $197,795 to $321,530, per their Franchise Disclosure Document. This includes the initial franchise fee of $45,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Lukumades charges a royalty fee of 6% of Gross Sales of gross sales, plus a 2% of Gross Sales contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Lukumades 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 Lukumades to ensure you have the most up-to-date version.
Lukumades 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.
Lukumades has been franchising since 2022. The FDD shows an investment range of $197,795-$321,530, a 6% of Gross Sales royalty, and no Item 19 earnings disclosure. There are 1 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $45,000 and the total investment ranges from $197,795 to $321,530 depending on location size and market. 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 Lukumades and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Lukumades or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com