Long John Silver's
The total investment to open a Long John Silver's franchise ranges from $42,919 to $286,020. The initial franchise fee is $55,900. Ongoing royalties are 10% plus a 2% advertising fee.
What is the Long John Silver's franchise?
Long John Silver's is a restaurant where customers order prepared food for a quick meal. The estimated total initial investment is $42,919 to $286,020, and the initial franchise fee is $55,900, according to the 2026 Franchise Disclosure Document.
The 2026 Franchise Disclosure Document lists a royalty of 10 percent of sales and an advertising or brand fund fee of 2 percent. The franchise agreement term is 10 years. Headquarters are in TX.
Loan Activity Score
29/100
SBA Default Rate
19.7%
Active Lenders
47
According to its Franchise Disclosure Document or public business records, Long John Silver's has 49 locations, all owned by franchisees. Public SBA loan records show 47 lenders made 71 loans to franchisees of Long John Silver's. PeerSense calculates Long John Silver's's score as 29 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
49 locations
$42,919 to $286,020
$55,900
49
49 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Long John Silver's
71
Total SBA loans
$553K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Long John Silver's
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
19.7%
vs 10.3% peer avg
SBA Loans
71
Total Volume
$39.3M
Active Lenders
47
4 selective
States
25
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Long John Silver's based on SBA lending data
SBA Default Rate
19.7%
9.4% above peer avg
SBA Loan Volume
71 loans
Across 47 lenders
Lender Diversity
47 lenders
Avg 1.5 loans per lender
Investment Tier
Mid range investment
$42,919 to $286,020 total
Long John Silver's: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2006
10 approvals. The best year on record for Long John Silver's.
Top SBA State
Texas
13 SBA financed Long John Silver's locations, the densest operator footprint.
Average Loan Size
$553K
Median $382K. Use as a sizing anchor when modeling your own Long John Silver's unit.
Lender Concentration
23.9%
Moderately Spread
Share of Long John Silver's approvals captured by the top 3 SBA lenders.
Long John Silver's's SBA lending pipeline peaked in 2006 (10 approvals). The last five fiscal years account for 3% of cumulative volume ($1.8M approved). Operator density is highest in Texas with 13 SBA financed locations. Average funded ticket sits at $553K, with the median at $382K. Lender mix is moderately spread: the top three SBA lenders account for 23.9% of approvals. Borrowers have leverage to shop multiple credit boxes.
Payment Estimator
Estimated Monthly Payment
$444
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Long John Silver's, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman