AFC Franchise Cost, Revenue, Profit, Failure Rate 2024

The Advance Fresh Concept (AFC) franchise offers a great chance for people who want to start a restaurant business. AFC has tasty food, good customer service, and it’s not expensive to start. Since 1988, AFC has grown from one place to over forty locations in the United States.

This article will tell you what you need to own an AFC Franchise. It will also help you understand how much money you might make back from your investment.

We’ll talk about the costs, how much money you need to invest, the training you will get, and any rules about growing the business or renewing the agreement.

AFC Franchise

About AFC

Advanced Fresh Concepts Corp (AFC) is a food company in the United States. It has been a top name in fresh prepared foods since 1984.

AFC offers many types of meals in the United States and Canada. This includes things like ready-to-eat meals, salads, sandwiches, snacks, drinks, and frozen treats.

AFC now has over 200 locations in different places across North America like malls, schools, airports, and offices.


AFC Franchise Model

ItemAmount / Requirement
Initial Investment$19,944 – $83,169
Franchise Fee$2,300
Royalty Fee8%
Liquidity$5,400 – $24,000
Area RequirementN/A
Estimated Outlets4,000

Advanced Fresh Concepts Franchise Revenue, Profit & Owner Salary

In 2021, Advanced Fresh Concepts (AFC) earned revenue of $377 million from 4,000 locations, leading to an Average Unit Volume (AUV) of around $942,500 for an AFC franchise.

Based on the median sales, the estimated profits for a franchise can vary depending on the profit margin.

With a 15% profit margin, the estimated profit of Advanced Fresh Concepts Franchise would be $141,375.

This is how we calculated this amount:

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%942500.00
Rent10.63%(100140.63)
Insurance5.31%(50070.31)
Salaries21.25%(200281.25)
Franchise Royalty Fees5.31%(50070.31)
Utilities2.13%(20028.13)
Cost of Goods Sold (COGS)26.56%(250351.56)
Labor (Variable)13.81%(130182.81)
Total (Expenses)85.00%(801125.00)
Net Profit15.00%141375.00

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.


Payback Period Of Advanced Fresh Concept

With a midpoint investment of $139,954 and an estimated 15% profit on the median sales, the yearly profit would be $141,375.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Midpoint Investment / Yearly Profit = $139,954/ $141,375= 0.98 years

Based on these figures, it will take approximately 1 year to pay back the initial investment for Advanced Fresh Concepts. This time period could be longer or shorter depending on your sales, revenue, and profit figures.


Advanced Fresh Concepts Failure Rate

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
2021397339730
202239734020+47
202340204070+50

For the Franchised outlets:

  • In 2021, the failure rate was (0)/3973×100≈0.00%
  • In 2022, the growth rate was (47)/3973×100≈1.18%
  • In 2023, the growth rate was (50)/4020×100≈1.24%

Company-Owned Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
2021159144-15
2022144151+7
2023151205+54

For the Company-Owned outlets:

  • In 2021, the failure rate was (15)/159×100≈9.43%
  • In 2022, the growth rate was (7)/144×100≈4.86%
  • In 2023, the growth rate was (54)/151×100≈35.76%

Total Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
20214,1324,117-15
20224,1174,171+54
20234,1714,275+104

For Total outlets:

  • In 2021, the failure rate was (15)/4,132×100≈0.36%
  • In 2022, the growth rate was (54)/4,117×100≈1.31%
  • In 2023, the growth rate was (104)/4,171×100≈2.49%

According to the above-mentioned data, we can see that the franchised outlets for Advanced Fresh Concepts declined in 2021, showing a failure rate of 0.00%. Later the company grew from 2022 to 2023, showing a growth rate between 1.18% and 1.24%.

On the other hand, for company-owned outlets, the failure rate of Advanced Fresh Concepts was lying in the range between 9.43% only in 2021. Later in 2022-2023 the growth rate was between 4.86% and 35.76%.

Overall, when we combine the data of franchise and company-owned outlets, we can see that the Advanced Fresh Concepts franchise has expanded in the years 2022-2023, showing a total growth rate between 1.31% and 2.49%. It also faced failure rate was 0.36%.


Advantages Of AFC Franchise

  • AFC has the lowest-cost Franchise.
  • They don’t charge extra for building.
  • AFC gives ongoing training and support.
  • You can grow and learn about business.
  • You can become an experienced business owner.

Why Is AFC The Defining Leader In The Sushi Bar?

  • AFC sushi is made from fresh and top-quality ingredients.
  • The sushi is packaged in easy containers for people who want a healthy choice instead of fast food.
  • They have over 4000 sushi places in the United States, Canada, and Australia.
  • AFC offers many sushi dishes and related products.

AFC Comparison

CompanyAFCPanda Express 
Founded In19861973
Initial Investment$19,944-$83,169$377,100 – $1,884,000
Franchise-FeeN/A$25,000
Total Outlet1411,900
Annual Revenue$363.5 Million$100 Billion

Frequently Asked Question

When did Advanced Fresh Concept begin franchising?

 In 2002, Advanced Fresh Concept started offering franchises.

How many locations does Advanced Fresh Concept have?

Advanced Fresh Concepts (AFC) has a total of 4,170 locations. This includes both franchised and company-owned outlets.

Does AFC offer a franchise?

Yes, AFC offers remunerative franchise opportunities to entrepreneurs.

How much does an AFC franchise cost?

AFC requires a franchise fee of up to $2,300, with a total investment of $19,944-$83,169.

Who owns AFC?

Advanced Fresh Concept carries a wide range of fresh and nutritious sushis. The current CEO of the company is Jeffery Seiler.

Who founded AFC?

Advanced Fresh Concept was founded in 1986 by Ryujii Ishii.

How many locations does AFC has?

Advanced Fresh Concept is operating in more than 200 locations and is till growing.

Where is AFC headquartered?

AFC is headquartered in the Federal Territory of Kuala Lumpur, Malaysia.

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