Auntie Anne's

Auntie Anne's

Information based on 2024 FDD

Food & Beverage · Fast Food

Investment min
$150K
Total: $150K–$625K
Avg gross revenue
$769K
Unit-level, 2024
Franchise fee
$36K
Per current disclosure
Royalty
7%
of gross revenue
Locations
1,156
Franchising since 1989

Description

What is Auntie Anne's?

Auntie Anne's has been delighting customers with hand-rolled, freshly baked pretzels since 1988, establishing itself as the undisputed leader in the premium soft pretzel industry. With over 1,100 locations across the United States, this beloved brand has become a mall and shopping center staple, known for creating irresistible moments of pretzel perfection.

At the heart of Auntie Anne's success is their commitment to quality and consistency. Each pretzel is crafted using a proprietary dough recipe and hand-rolled in front of customers, ensuring a fresh, hot-from-the-oven experience with every visit. Their menu features both classic offerings like the Original Pretzel and innovative variations such as Cinnamon Sugar, Pepperoni, and their famous Pretzel Dogs, all complemented by signature dipping sauces and their refreshing fresh-squeezed lemonade.

What sets Auntie Anne's apart is their exceptional customer service culture and strong brand loyalty program. Their mobile app rewards frequent customers with free pretzels and exclusive deals, while their stores maintain high standards of cleanliness and efficiency even during peak hours. The brand has successfully adapted to modern consumer preferences, offering catering services and implementing digital ordering solutions for added convenience.

As a franchise opportunity, Auntie Anne's combines a proven business model with strong brand recognition and ongoing operational support. Their locations benefit from high foot traffic in premium retail spaces, and their products maintain broad appeal across various demographics, from shopping families to busy professionals seeking a quick, satisfying snack.
  • Established brand with 36-year proven track record since 1988
  • Extensive network of 1,167+ locations nationwide
  • Significantly lower investment barrier than fast food average
  • Prime high-traffic mall and airport location strategy
  • Recognized soft pretzel market leader with strong brand recognition
  • Accessible franchise opportunity for emerging entrepreneurs

Location Analysis

Where Auntie Anne's wins

Auntie Anne's maintains a significant presence across multiple states, showing strong concentration in the Northeast and Mid-Atlantic regions. The franchise has notable market penetration in states like New Jersey, New York, Pennsylvania, Virginia, and Maryland, indicating successful establishment in high-traffic, densely populated areas. This regional clustering suggests operational efficiencies and strong brand recognition in these markets.

The franchise's overall performance metrics across locations indicates potential operational consistency challenges that warrant attention from prospective franchisees. However, individual location success stories, such as strong performance in select Michigan venues, demonstrate that excellent results are achievable with proper execution.

Ideal locations typically include high-foot-traffic venues such as shopping malls, airports, and transportation hubs, where impulse purchases and brand familiarity drive sales. The Northeast concentration suggests successful adaptation to urban and suburban markets with higher disposable income and dense population centers.

Expansion opportunities exist in numerous underserved states, with promising markets in the Southwest and Pacific Northwest regions. Prospective franchisees should focus on locations with steady foot traffic, proximity to complementary retailers, and demographics aligned with quick-service pretzel consumption patterns. Key success factors include visibility, accessibility, and presence in climate-controlled environments that support year-round sales.
Total US locations
1,167
Franchise units
1,156
Corporate locations
11
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Auntie Anne's

Avg gross revenue$768,870
Investment range$149,625 – $624,800
Investment midpoint$387,213
Brand fund3%
Royalty7%
Franchise fee$35,500
Min. net worth
Min. liquid capital
Auntie Anne's presents an entry-level investment opportunity with total capital requirements ranging from $149,625 to $624,800, positioning it significantly below the fast food subsector average of $713,504-$1,813,121. This lower barrier to entry makes it accessible to emerging entrepreneurs and those seeking their first franchise investment. However, the gross revenue of $768,870 falls below the subsector average of $1,149,168, indicating a trade-off between lower investment costs and revenue potential that prospective franchisees should carefully evaluate.

With 1,167 units and 36 years of operation since 1988, Auntie Anne's demonstrates substantial system maturity and proven scalability. The extensive unit count indicates strong franchisor infrastructure and operational systems, while the brand maintains a significant nationwide presence. The bakery segment benefits from consistent consumer demand for convenient snack options, with soft pretzels offering strong impulse purchase appeal in high-traffic locations like malls and airports.

Ideal investors should possess liquid capital sufficient to cover the investment range plus working capital reserves, with retail or food service experience beneficial. The business model suits operators comfortable with high-volume, quick-service environments. Prospective franchisees must thoroughly review the FDD and conduct comprehensive due diligence to understand the revenue performance gap compared to subsector averages and its implications for their specific market and operational goals.
Did you know? Did you know that bringing the irresistible aroma of fresh-baked pretzels to your community through an Auntie Anne's franchise requires a total investment between $149,625 and $624,800, which includes the $35,500 franchise fee plus all the equipment, build-out costs, and working capital needed to start serving those famous hand-rolled pretzels that have made this brand a mall favorite for over 30 years?

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

$150K–$625K
Most common
$149,625
Minimum
$387,213
Midpoint
$624,800
Maximum

Per FDD Item 7, total initial investment ranges from $149,625 to $624,800. The midpoint $387,213 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

$1M$800K$600K$400K$200KN/A
$637K
$707K
$769K
2022
2023
2024
Avg
$704K
YOY change (2023 -> 2024)
+9%

According to Item 19 of the Franchise Disclosure Document, Auntie Anne's has an average gross revenue of $769K. (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

+2% YoY
1,5001,2009006003000
2017
2018
2019
2020
2021
2022
2023
2024
1,167 units open as of 2024 FDD+21 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Auntie Anne's'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 Auntie Anne's franchise typically ranges between $149,625.00 and $624,800.00. 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.

Auntie Anne's
Auntie Anne's
$769K avg revenue · 1156+ US franchises

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