Canteen
Installs and services vending machines and provides food, beverage, office coffee, catering, executive dining, and secured delivery services for businesses, institutions, and other commercial locations.
Your franchise match score
Food & Beverage
Brand highlights
- CEOPeter Fetherston
- Headquarters2400 Yorkmont Road, Charlotte, NC, 28217
- Year founded1994
- Year started franchising1996
- IndustryFood & Beverage
- Locations open300 (-16 last three years)
Statistics & metrics
- Investment range$1,006,750 - $1,568,000
- Franchise fee$3,250
- RoyaltyUp to 5.25% of Gross Sales that are less than or equal to $2 million each fiscal year (3.25% of Gross Sales if you are in compliance with Canteen’s operational and purchasing standards) of all products sold through vending machines or of other services, including those in Note 4; • Up to 5% of Gross Sales in excess of $2 million during each fiscal year (3% of Gross Sales if you are in compliance with Canteen’s operational and purchasing standards) of all products sold through vending machines or of other services, including those in Note 4; and Under the Threshold Franchise Agreement: • Up to 5% of Gross Sales for Accounts which generate $25,000 or less in annual gross revenues for all products sold through vending machines including those in Note 4 (“Small Vending Accounts”) (3% of Gross Sales if you are in compliance with Canteen’s operational and purchasing standards), and certain existing accounts as of the commencement of the franchise; • Up to 5% of Gross Sales for Accounts which generate in excess of $25,000 in annual gross revenues for all products sold through vending machines including those in Note 4 (“Large Vending Accounts”) Royalty for internal branded products ranges anywhere from 0% to 3% of Gross Sales.
- Brand fund
- Required Liquid CapitalN/A
- Required Net WorthN/A
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-12-20
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Canteen, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the Canteen franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a Canteen franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Canteen franchise, including startup costs and working capital estimates. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by Canteen. | |
| Financial Performance Representations | Review any financial performance information Canteen provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 300 |
| Franchise locations | 125 |
| Corporate locations | 175 |
System growth over time
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