Apple Spice

Apple Spice

Information based on 2024 FDD

Food & Beverage · Other Food & Beverage

Investment min
$388K
Total: $388K–$562K
Avg gross revenue
$977K
Unit-level, 2024
Franchise fee
$49K–$125K
Per current disclosure
Royalty
6%
of gross revenue
Locations
32
Franchising since 2017

Description

What is Apple Spice?

Apple Spice, established in 1988, has earned a stellar reputation in the food service industry for their exceptional boxed lunches, catering services, and commitment to quality. Their business model centers around delivering fresh, made-to-order meals that consistently exceed expectations in both corporate and social settings.

The franchise is renowned for their signature homemade breads, premium deli meats, and attention to detail in packaging and presentation. Each boxed lunch comes complete with carefully selected sides, fresh-baked cookies, and thoughtful touches like mints and wet wipes, demonstrating their dedication to providing a complete dining experience.

What sets Apple Spice apart is their versatility and reliability in handling orders of any size - from individual lunches to corporate events serving hundreds. Their menu features an impressive variety of options, including gourmet sandwiches, wraps, fresh salads, and homemade soups, with accommodations for various dietary preferences and restrictions.

The franchise's success is built on three core pillars: exceptional food quality, outstanding customer service, and operational efficiency. Their sophisticated ordering system, punctual delivery service, and meticulous attention to order accuracy have made them a trusted partner for businesses and organizations nationwide.

For potential franchisees, Apple Spice offers a proven business model in the growing corporate catering and food service sector. With their established systems, proprietary recipes, and strong brand reputation, they provide an opportunity to own a business that plays a vital role in their community while delivering consistent value to customers.
  • 274% Above Sub-Sector Average Revenue Performance
  • 35+ Years Proven Operating History Since 1988
  • Premium Corporate Catering Specialist
  • Fresh Daily Scratch-Made Bread & Cookies
  • Comprehensive Business Event Solutions
  • High-Performance Boutique Franchise Model

Location Analysis

Where Apple Spice wins

Apple Spice, established in 1988, has built a robust presence across multiple states, demonstrating steady expansion over its 35-year history. The franchise shows particular strength in the Mid-Atlantic region, with notable concentrations in Maryland and Virginia, complemented by established markets in Utah and California. The company has also developed a strategic presence across several other states including Florida, Indiana, Ohio, Texas, Connecticut, and Massachusetts, creating a diverse geographic footprint.

The franchise's impressive 4.7 average rating across numerous customer reviews indicates exceptional service quality and consistent operational execution across all markets. This strong customer satisfaction, maintained across diverse regions from the East Coast to the West Coast, suggests a robust and adaptable business model.

The current distribution pattern reveals a strategic expansion approach, combining concentrated presence in key markets with exploratory locations in diverse regions. This suggests significant growth potential, particularly in underserved areas between established locations. Ideal new locations should target metropolitan areas with strong business districts and high daytime population density, as the concept appears to thrive in areas with substantial commercial activity.

Prospective franchisees should focus on locations with proximity to business centers, growing professional populations, and areas where the existing market penetration is limited but demographics are favorable for business catering and food service operations.
Total US locations
34
Franchise units
32
Corporate locations
2
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Apple Spice

Avg gross revenue$976,633
Investment range$388,440 – $561,640
Investment midpoint$475,040
Brand fund1%
Royalty6%
Franchise fee$49,000–$125,000
Min. net worth
Min. liquid capital
Apple Spice requires an investment range of $388,440 - $561,640, positioning it as a premium franchise opportunity within the food service sector. While this investment level significantly exceeds the sub-sector averages of $210,893 - $461,179, the financial performance strongly justifies the premium positioning. Apple Spice generates $976,633 in gross revenue compared to the sub-sector average of just $260,970, delivering 274% above-average revenue performance.

This exceptional revenue generation reflects the strength of the corporate catering business model, which benefits from consistent B2B demand and recurring revenue potential through corporate contracts. The sector has shown resilience during economic fluctuations as businesses continue requiring meal solutions for employees and events, with Apple Spice's scratch-made approach commanding premium pricing.

With 34 units and 35+ years of operation since 1988, Apple Spice demonstrates system stability while maintaining a boutique franchise approach. This smaller unit count suggests selective growth and stronger territorial protection, with each unit generating nearly four times the sub-sector average revenue.

Ideal investors should possess substantial liquid capital and preferably food service or B2B sales experience. The business model requires strong relationship-building skills for corporate client acquisition and operational excellence for consistent delivery execution. Territory selection focusing on business districts with high office density is crucial for maximizing the proven revenue potential.
Did you know? Did you know that launching your own Apple Spice box lunch catering franchise - known for delivering fresh, made-to-order meals directly to busy offices and events - requires a total investment between $388,440 and $561,640, which covers everything from your franchise fee and kitchen equipment to delivery vehicles and initial marketing to get your profitable catering operation serving hungry customers in your territory?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$388K–$562K
Most common
$388,440
Minimum
$475,040
Midpoint
$561,640
Maximum

Per FDD Item 7, total initial investment ranges from $388,440 to $561,640. The midpoint $475,040 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$2M$1M$900K$600K$300KN/A
$492K
$842K
$977K
2022
2023
2024
Avg
$770K
YOY change (2023 -> 2024)
+16%

According to Item 19 of the Franchise Disclosure Document, Apple Spice has an average gross revenue of $977K. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

+6% YoY
4032241680
2017
2018
2019
2020
2021
2022
2023
2024
34 units open as of 2024 FDD+2 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Apple Spice's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a Apple Spice franchise typically ranges between $388,440.00 and $561,640.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

Apple Spice
Apple Spice
$977K avg revenue · 32+ US franchises

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