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Rates
Paris Banh Mi

Paris Banh Mi

The total investment to open a Paris Banh Mi franchise ranges from $224,600 to $1.5M. The initial franchise fee is $12,000. Ongoing royalties are 5% plus a 3% advertising fee.

What is the Paris Banh Mi franchise?

Franchise investment requires careful review because a poor choice can result in capital loss and missed opportunities. Buyers often need independent information to compare brands in the competitive Limited Service Restaurant sector. Paris Banh Mi was founded in 2019 by Hien Tran, who brought a Parisian upbringing to the concept, and Doan Nguyen, an experienced bakery chain owner from Saigon, Vietnam. The first location opened at 1021 E Colonial Drive in Orlando, Florida, with the goal of introducing Vietnamese banh mi sandwiches to a broader American audience through a combination of traditional Vietnamese cuisine and French bakery methods. The corporate headquarters for the franchising operation is in Auburndale, Florida. As of March 15, 2024, the brand was serving customers at 46 locations throughout the USA. A separate report dated March 6, 2026, listed 7 verified locations across 6 states, showing that public unit counts vary by reporting date and source. Paris Banh Mi operates only in the USA and occupies a position in the fast casual segment, which combines quick service with a more elevated dining experience. Its menu pairs fresh baked baguettes with savory Vietnamese fillings, addressing demand for variety and quality in a convenience oriented restaurant market. The global foodservice market was estimated at USD 3,099.66 billion in 2023 and is projected to reach USD 3,787.47 billion by 2030, with a Compound Annual Growth Rate of 3.0% over that period. The Limited Service Restaurant market is projected to increase from USD 737.31 billion in 2024 to USD 1214.93 billion by 2032, at a CAGR of 5.71% from 2025 to 2035.

The global foodservice market was valued at USD 3,099.66 billion in 2023 and is projected to reach USD 3,787.47 billion by 2030, reflecting a CAGR of 3.0% from 2024 to 2030. Paris Banh Mi operates in the Limited Service Restaurant market, which is projected to grow from USD 737.31 billion in 2024 to USD 1214.93 billion by 2032, at a CAGR of 5.71% from 2025 to 2035. The quick service restaurant segment is expected to grow at a CAGR of 3.2% from 2024 to 2030. Consumers continue to seek convenient and fast meals as lifestyles become busier and urbanization increases. Those preferences have supported drive thru service and mobile ordering. Mobile technology, online ordering platforms, third party delivery applications, and digital payment systems have also changed how customers access restaurants. Health and wellness preferences are increasing demand for organic, plant based, and low calorie meals, and fast casual concepts can often adapt those offerings more readily than traditional fast food. Consumers also want variety and affordable dining choices. Banh mi sandwiches can address those preferences through varied fillings and generally accessible price points. Fast casual restaurants provide a more distinctive experience than conventional fast food while retaining speed and convenience. Sustainability and energy savings are additional considerations affecting restaurant operations and customer perceptions. Together, these conditions create opportunities for brands that can deliver diverse food choices, convenient service, and consistent execution in a competitive and fragmented quick service market.

The initial franchise fee for Paris Banh Mi is $60,000. That places the fee at the higher end of the typical $30,000 to $60,000 range for fast casual concepts. One source reports a total investment of $200,000 to $500,000. That range may reflect the purchase of a pre existing, equipped second generation location or a complete build out from the beginning. Another source, citing FDD Item 7, reports an investment range of $477,000 to $686,000, which may reflect a new build out or substantial renovation. The difference matters when preparing a budget because real estate, leasehold improvements, equipment packages, initial inventory, and working capital can vary according to location and facility type. Minimum cash required to open starts at $105,000, with the exact requirement affected by those same factors. The ongoing royalty is 5% of Net Sales. The FDD describes a marketing fee of up to 2% of Net Sales, although the franchisor currently does not charge it. The Technology Fee is currently $500 per month. A Webpage Development and SEO provider fee is $695 per month. A Call Center Fee of up to $25 per scheduled appointment is disclosed, but the franchisor currently does not operate or charge that fee. An Additional Location Fee is $2,000. If a franchise is sold, the Transfer Fee can be up to 50% of the then current Initial Franchise Fee. The Renewal Fee can be up to 25% of the then current Initial Franchise Fee. Requested or required on site assistance beyond standard support costs $1,000 per day plus travel expenses. The franchise has a Loan Activity Score of 53, described as a moderate score. A second generation location may provide a lower entry point, but buyers still need to evaluate the full cost of ownership and their ability to manage the investment.

Paris Banh Mi expects franchisees to be full time and hands on operators who participate in daily restaurant activity. Responsibilities include food preparation, service delivery, and direct customer interaction. This owner operator structure is intended to support consistent recipes, service procedures, food quality, and customer experience. Specific staffing numbers are not provided. The described model calls for a lean team focused on fast service and friendly engagement in a clean and spacious dining area. The brand also has format flexibility. A drive thru is planned for the anticipated Snellville, Georgia location, reflecting demand for speed and convenience. New franchisees receive an initial on site training program that can last three to four weeks. Another source specifies an initial training period of two weeks, generally held at a designated Paris Banh Mi training location. Training covers food preparation, service procedures, and customer service practices. Ongoing resources include additional development courses and license support. Corporate assistance is intended to address operating decisions, local marketing strategies, and supply chain management for authentic, high quality ingredients. Specific exclusive territory terms are not provided.

The brand did multiply into a chain of stores within two years of its 2019 founding. As of March 15, 2024, it served customers at 46 USA locations and planned to expand to over 100 locations by 2026. The expansion plan covered states from California to Florida and included planned locations in Cordova, Tennessee in September 2025, Fishers District, Indiana in February 2026, and Snellville, Georgia in late 2023. Those plans may indicate corporate confidence in the concept and in the ability of units to generate revenue sufficient to support additional growth, but they do not establish a particular franchisee's earnings. The Limited Service Restaurant market is projected to grow at a CAGR of 5.71% from 2025 to 2035. The menu includes fresh baked baguettes, croissants, pho, Korean corn dogs, specialty drinks, and milk teas in addition to banh mi sandwiches. That range may help a unit serve more customer occasions and produce higher average checks, but actual results depend on sales, expenses, location, staffing, and execution. Access to authentic, high quality ingredients can affect logistics and cost of goods sold. The Loan Activity Score of 53 indicates a moderate opportunity and makes financial planning especially relevant.

Since its founding in 2019, Paris Banh Mi has expanded into a chain of stores within two years. The brand was serving customers at 46 locations across the USA as of March 15, 2024. A separate report dated March 6, 2026, listed 7 verified locations across 6 states. Corporate plans called for more than 100 locations by 2026. Development activity included a second Memphis location in Cordova, Tennessee, nearing its debut as of September 2025, and a first Indiana cafe in Fishers District described as coming soon in February 2026. A Snellville, Georgia location was anticipated for late 2023 and was planned to include a drive thru. The development strategy reaches from California to Florida and targets multiple markets. Paris Banh Mi's distinction comes from its Vietnamese banh mi sandwiches and French inspired bakery products, including fresh baked baguettes and croissants. The menu also includes pho, Korean corn dogs, specialty drinks, and milk teas. This combination can appeal to customers seeking international flavors, variety, and fresh ingredients, while reaching beyond customers who already know banh mi. Offering several categories under one roof may reduce direct dependence on a single menu item. The planned drive thru responds to demand for quick service and on the go convenience. The focus on fresh baguettes and pastries also supports the brand's emphasis on quality and more authentic food experiences. Product differentiation, expansion into multiple states, and format flexibility are central parts of the brand's competitive position, though they do not remove the operating demands of the restaurant business.

The franchisor seeks people prepared to run their restaurant full time and in a hands on capacity. Active owner involvement supports food preparation standards, service quality, and direct customer engagement. Candidates are also expected to have a record of business leadership, experience with financial management, and a results oriented self starter approach. Those skills can help an operator control costs, manage revenue, respond to local conditions, and run a fast casual restaurant. Paris Banh Mi places value on commitment to brand development and cultural fit, including a passion for fresh baguettes and pastries, which are central to the concept. No specific multi unit requirement is stated. However, the plan to reach over 100 locations by 2026 may appeal to franchisees who can eventually develop multiple units and apply their business leadership experience across a wider market. Territories are expanding across California, Florida, Tennessee, Indiana, and Georgia, providing a broad geographic focus from coast to coast. The franchise agreement term length is not available. The agreement does disclose a Renewal Fee of up to 25% of the then current Initial Franchise Fee and a Transfer Fee of up to 50% of the then current Initial Franchise Fee.

Paris Banh Mi combines Vietnamese banh mi sandwiches with French inspired bakery items in the fast casual and Limited Service Restaurant sectors. The concept is positioned around variety, authenticity, fresh products, and convenience. The total investment range reported in FDD Item 7 is $477,000 to $686,000, and minimum cash required starts at $105,000. Another source reports a total investment range of $200,000 to $500,000. The $60,000 initial franchise fee, 5% royalty on Net Sales, current $500 monthly Technology Fee, and $695 monthly Webpage Development and SEO provider fee should be included in a buyer's budget. The Loan Activity Score is 53. This places the opportunity in a moderate range for buyers who can meet the financial requirements and who are prepared for active ownership, business leadership, and careful cost management. The global foodservice market was estimated at USD 3,099.66 billion in 2023 and is projected to reach USD 3,787.47 billion by 2030. The Limited Service Restaurant market is projected to grow from USD 737.31 billion in 2024 to USD 1214.93 billion by 2032, at a CAGR of 5.71% from 2025 to 2035. PeerSense provides independent franchise research that includes SBA lending history, Loan Activity Score, location maps with Google ratings, FDD financial data, and side by side comparison tools. PeerSense introduces franchise buyers to SBA and conventional lenders for financing discussions and is not a lender. Buyers should review the available information, confirm current terms with the franchisor, and complete their own due diligence before making an investment decision.

Loan Activity Score

53/100

SBA Default Rate

0.0%

Active Lenders

2

According to its Franchise Disclosure Document or public business records, Paris Banh Mi has 7 locations, all owned by franchisees. Public SBA loan records show 2 lenders made 8 loans to franchisees of Paris Banh Mi. PeerSense calculates Paris Banh Mi's score as 53 out of 100, using public SBA loan performance and recent lending activity.

Franchising since 2019 · 7 locations

Investment

$224,600 to $1.5M

Franchise Fee

$12,000

Total Units

7

7 franchised

Loan Activity Score
Medium
53
SBA Lending
25
Lender Quality
3
Transparency
3
Reach
5
Momentum
17

Proprietary PeerSense metric

Moderate
Capital Sources
2SBA lenders

Distinct lenders in public SBA records for Paris Banh Mi

8

Total SBA loans

$665K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

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SBA Lending Activity for Paris Banh Mi

Loan Activity Score Breakdown

Emerging (3 to 9 loans)

Medium Confidence
53out of 100
Moderate
Market Momentum17/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence3/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency3/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint5/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

0.0%

vs 10.3% peer avg

SBA Loans

8

Total Volume

$5.3M

Active Lenders

2

States

6

vs. SBA Sector Average

+10.3%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (0.0%)

Data Insights

Key performance metrics for Paris Banh Mi based on SBA lending data

SBA Default Rate

0.0%

10.3% below peer avg

SBA Loan Volume

8 loans

Across 2 lenders

Lender Diversity

2 lenders

Avg 4.0 loans per lender

Investment Tier

Premium investment

$224,600 to $1,460,200 total

Paris Banh Mi: 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

2024

4 approvals. The best year on record for Paris Banh Mi.

Top SBA State

Nebraska

2 SBA financed Paris Banh Mi locations, the densest operator footprint.

Average Loan Size

$665K

Median $787K. Use as a sizing anchor when modeling your own Paris Banh Mi unit.

Lender Concentration

100%

Concentrated

Share of Paris Banh Mi approvals captured by the top 3 SBA lenders.

Paris Banh Mi's SBA lending pipeline peaked in 2024 (4 approvals). The last five fiscal years account for 100% of cumulative volume ($5.3M approved). Operator density is highest in Nebraska with 2 SBA financed locations. Average funded ticket sits at $665K, with the median at $787K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals. Credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$180K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$2,325

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

Paris Banh Mi, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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1 FDD Available for Paris Banh Mi

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Paris Banh Mi

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