Financial

EBITDA (Franchise Context)

Also known as:Earnings Before Interest, Taxes, Depreciation, and Amortization
Definition

A profitability metric calculated as revenue minus cost of goods sold and operating expenses (before interest, taxes, depreciation, and amortization). In franchising, unit-level EBITDA determines royalty room and franchise viability.

What it means in practice

EBITDA strips out financing structure (interest, taxes) and accounting choices (depreciation, amortization) to show operating profitability. In a franchise context, two EBITDA figures matter: unit-level EBITDA (how profitable a single franchise unit is) and franchisor-level EBITDA (how profitable the franchisor business itself is).

Typical unit-level EBITDA ranges by sector: - Quick-service restaurants: 15-22% - Casual dining: 10-18% - Coffee, beauty, fitness: 18-28% - Home services: 20-35% - Education: 22-35%

The franchisor takes a percentage off this figure (royalty plus brand fund, typically 5-10% of revenue combined). What remains is the franchisee's EBITDA — and it needs to support a competitive return on the franchisee's invested capital.

Franchisor-level EBITDA is a different math. A 100-unit franchise system collecting 6% royalty on $800K average unit revenue produces $4.8M/year in royalty revenue — high-margin recurring income with substantial operating leverage as the system scales.

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