Modern Market Eatery

Franchise Information

Analyzed filing: MN · File #1309336057

Filed: Jun 27, 2024

FDD Issued: Jan 31, 2024

Extracted: Aug 1, 2026

Verified family consensus auv tie:family=mn:31706-202405|values=2232664,2578919|current=2232664

Franchisor Details

Name: Modern Market Franchising, LLC

Parent: ModMarket, LLC

Address: 3001 Brighton Blvd., Suite 701, Denver, CO 80216

Phone: (855) 470-0098

Website: www.modernmarket.com

Franchising Since: 2020

Industry & Qualifications

Industry

Food & Beverage

Training

7 weeks

Franchise Fee

$40,000

Royalty

5.0%

Ad Fund: 1.0%

Total Investment

$929K - $1.47M

Initial Term

10 years

Renewable

Outlet Information

Total Outlets (2023)

Franchised

Company-Owned

Opened (Last Year)

Closed (Last Year)

-0

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Item 19 (Financial Performance)

Disclosed

AUV and related metrics are based on Gross Sales for 18 company-owned restaurant...

Financial Performance (Item 19)

Avg Unit Volume (through Oct 2023)

$2,232,664

Median

$2,140,698

Top 25% Avg

$3,492,321

Bottom 25% Avg

$1,422,350

Highest

$4,135,749

Lowest

$1,090,844

% Achieving Avg

44.4%

Sample Size

18 units

Unit Economics

EBITDA

15.5%

Gross Margin

68.4%

Labor Cost

28.1%

COGS

31.6%

Rent/Occupancy

8.4%

Legal History

Litigation: None

Bankruptcy: None

View filing:

Number	File name	Source State	Filing Date	Actions
570181559	MN_31706-202405-02_modern-market-franchising,-llc.pdf Alternate source copy · newest filing	MN	Jun 27, 2024	Restricted
1309336057	MN_31706-202405-08_modern-market-franchising,-llc.pdf Canonical 2024 analysis · verified	MN	Jun 27, 2024	Restricted
160830	441263_Franchise__Modern_Market_Eatery_EFDID__4_North Dakota_160830.pdf Alternate source copy	ND	Jan 31, 2024 FDD issue date	Restricted
636659	636659_modern-market-franchising--llc.pdf Alternate source copy	WI	Jan 31, 2024 FDD issue date	Restricted
53108	441263_Franchise__Modern_Market_Eatery_EFDID__4_North Dakota_53108.pdf Canonical 2023 analysis	ND	Feb 14, 2023 FDD issue date	Restricted
42276	441263_Franchise__Modern_Market_Eatery_EFDID__4_Virginia_42276.pdf Alternate source copy	VA	Apr 15, 2022 FDD issue date	Restricted
185338	441263_Franchise__Modern_Market_Eatery_EFDID__4_North Dakota_185338.pdf Alternate source copy	ND	Apr 15, 2022 FDD issue date	Restricted
20945	441263_Franchise__Modern_Market_Eatery_EFDID__4_Virginia_20945.pdf Canonical 2022 analysis	VA	Apr 15, 2022 FDD issue date	Restricted

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