Potbelly Sandwich Shop FDD: What Changed from 2025 to 2026
The 2026 Potbelly Sandwich Shop FDD moves the Item 7 estimated initial investment range from $654,019–$1,274,099 to $628,938–$999,371, and the system grows from 441 to 470 outlets year-over-year. The 2026 filing adds an Item 19 financial performance representation that the 2025 filing did not include.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $654,019 | $628,938 | −$25,081 (−3.8%) |
| High end of range | $1,274,099 | $999,371 | −$274,728 (−21.6%) |
| Full range | $654,019–$1,274,099 | $628,938–$999,371 |
The 2026 filing puts the Item 7 estimated initial investment at $628,938–$999,371, versus $654,019–$1,274,099 in the 2025 filing. The low end moves by −$25,081 (−3.8%) and the high end moves by −$274,728 (−21.6%).
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 441 | 470 | +29 (+6.6%) |
Potbelly Sandwich Shop reports 470 outlets in the 2026 FDD, versus 441 in the 2025 filing (+29 (+6.6%)).
Item 19 — Financial Performance Representations
Potbelly Sandwich Shop added an Item 19 financial performance representation in the 2026 filing; the 2025 filing did not include one.
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