FranchiseVerdict
Another Broken Egg Cafe logo
FV-00146·STRONGExcellent91

Another Broken Egg Cafe

Food & Beverage - Full ServiceFranchising since 2017Website
Investment
$897K – $1.6M
84th pct Full Service
Avg revenue
$1.9M
41st pct Full Service
Royalty
5.0%
15th pct Full Service
Units
97
82nd pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $897K – $1.6M including a $40K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $1.9M/year (median $1.8M).
  • Rated STRONG with a risk score of 42/100. SBA loan default rate of 0.0% across 34 loans (below the industry average).
  • System growing at 21.7% CAGR over 3 years with 97 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Another Broken Egg of America Franchising, LLC
Parent company
ABEA Acquisition, Inc.
Incorporated in
Delaware
HQ
5955 T.G. Lee Boulevard, Suite 100, Orlando, Florida 32822
Auditor
Citrin Cooperman & Company, LLP
Audited financials
Franchisor revenue
$9.9M
vs $11.1M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Another Broken Egg Cafe unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,916,394
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $897K–$1.6M
Working capital
$
FDD reports $25K–$50K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$316K
EBITDA margin
16.5%
Total invested
$1.3M
Payback
48 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Another Broken Egg Cafe units return on equity?

Edit assumptions

Equity IRR · 5-yr

30.8%

3.83× MOIC

Year-1 DSCR

2.62×

EBITDA ÷ debt service

Equity required

$7.7M

on $18.2M purchase

Total debt

$10.5M

SBA $5.0M + senior + seller note

SBA 7(a) request ($9.1M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Another Broken Egg Cafe franchisees operate casual breakfast and brunch restaurants featuring egg-focused dishes, coffee, and comfort food in a fast-casual or casual dining format. Day-to-day operations involve managing kitchen staff, FOH service, inventory, food costs (typically 28-35% in breakfast QSR), and maintaining brand consistency across menu items, ambiance, and customer experience in individual cafe locations.

CEO
Paul Macaluso
Founded
2017
FDD year
2024
States available
15

Item 7 · what it costs

The Vitals

Total investment
$897K – $1.6M
All-in to open one unit
Liquid capital
$25K – $50K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
6.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.9M
Per unit, per year
Median gross sales
$1.8M
Item 19 type
Statement of Average Gross Sales
Sample size
78 units
vs category median 15 · large
Range (low → high)
$735K$3.7M
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank41th
vs Food & Beverage - Full Service peers
Investment cost rank84th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank82th
vs Food & Beverage - Full Service peers
Risk score rank3th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
97
Opened
11
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
41
Corporate units in the system
% franchised
58%
vs corporate-owned
Multi-unit owners
20.0%
Net growth (yr3)
+19.1%
Net unit change last year
3-yr CAGR
+21.7%
Compounded over last 3 years
2022
56+15
Franchised units
2023
47
Franchised units
2024
46
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 13 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
34
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

42
Risk · 0-100
STRONG42 / 100

Another Broken Egg presents moderate-to-cautionary risk due to missing net income disclosure, false going concern status, and aggressive expansion that may outpace unit profitability validation.

Score breakdown · what drove the 42 / 100 rating

  1. 01MEDNet income not disclosed in Item 19 — inability to verify profitability claims or benchmark ROI against $897k-$1.57M investment
  2. 02HIGHGoing concern status is FALSE — suggests potential financial instability or undisclosed restructuring at corporate level
  3. 03MINORHigh unit growth (19.1% YoY) may indicate aggressive recruitment masking underlying unit-level performance issues
  4. 04MEDRoyalty structure (5%) combined with non-disclosed net income makes true franchise economics opaque
  5. 05HIGHNo litigation disclosed but going concern flag suggests latent legal or operational disputes

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Florida

Item 11

Training & Operations

Classroom training
125 hrs
On-the-job training
216 hrs
POS system
Revel
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

56 numbers

Locked
(828) 676-••••
NC
(704) 294-••••
NC
(937) 866-••••
OH

One-time purchase · CSV download · Validation questions included

FDD download

Another Broken Egg Cafe · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above