Bagel Boss Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Bagel Boss is a quick-service franchise serving fresh-made bagels, spreads, and breakfast and lunch sandwiches. Franchisees run the shops, managing baking, food prep, and counter service.
FranchiseVerdict summary · 2026
A Bagel Boss franchise requires a total initial investment of $510K – $1.2M, including a $40K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $510K – $1.2M
- 77th pct Service Resta…
- Avg gross sales
- N/A
- Outlet subset
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 19
- 49th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $510K – $1.2M including a $40K franchise fee, 5.0% ongoing royalty.
- RETURNSItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
- RISKVerdict B (Above average), verdict score 55/100 (higher is better).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Bagel Boss Franchising, LLC
- Parent company
- Bagel Boss Holdings LLC
- Predecessor
- Bagel Boss Holding Corp. / Bagel Boss America Corp. / Bagel Boss Franchise Corp.
- Prior franchisor entity
- CEO title
- CEO and CMO
- Andrew Hazen
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- FL
- HQ
- 1172 S. Dixie Hwy, Suite 335, Coral Gables, FL 33146
- Auditor
- Reese CPA LLC
- Audited financials
- Franchisor revenue
- $497K
- vs $288K prior year
Overview
About
- CEO
- Andrew Hazen
- Headquarters
- FL
- Founded
- 2020
- FDD year
- 2025
- States available
- 6
Can you afford it, and what does the money buy?
Entry cost runs 28% above the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Utility Deposit | $4K | $8K | |
| Rent (3 Months) | $25K | $55K | |
| Construction, Leasehold Improvements, Furniture and Fixtures | $210K | $510K | |
| Signage | $9K | $30K | |
| Equipment | $150K | $380K | |
| Computer Hardware and Software | $4K | $7K | |
| Initial Inventory | $12K | $22K | |
| Printing, Stationery and Office Supplies | $500 | $1K | |
| Business Permits and Licenses | $7K | $35K | |
| Insurance | $2K | $2K | |
| Professional Fees | $5K | $8K | |
| Training Expense | $9K | $20K | |
| Grand Opening Advertising | $6K | $9K | |
| Additional Funds - Three Months | $28K | $49K | |
| Development Fee (Multi-Unit) | $105K | $315K | |
| Other Expenditures for First Franchised Business (Multi-Unit) | $470K | $1.1M | |
| Total initial investment | $1.1M | $2.6M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $510K – $1.2M
- Bottom third — review vs category
- Liquid capital req'd
- $28K – $49K
- Middle of category vs category
- Franchise fee
- $40K – $40K
- Middle of category vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $650 |
| Training fee | $9K |
| Transfer fee | $30K |
| Renewal fee | $7K |
| Inventory (initial) | $12K – $22K |
| Total fee load | 6.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Bagel Boss did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Bagel Boss unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
14%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Reported for a subset of outlets rather than the whole system
- Item 19 type
- gross sales
- Sample size
- 12
- vs category median 20
- Range (low → high)
- $952K→$4.0M
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2025
- The FDD edition these figures were read from
- Transparency
- 6 / 10
- vs category median 4 / 10 · above
Compared against 782 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System expanding at 63.6% CAGR over 3 years across 19 units — operators are staying and new ones are joining.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Bagel Boss Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 19
- Opened
- 5
- Last reporting year
- Closed
- 0
- Terminated
- 2
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 11.1%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 95%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (3-yr)
- +63.6%
- Net unit change over 3 years
- 3-yr CAGR
- +63.6%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 5
- Closed (3yr)
- 0
- Terminated (3yr)
- 2
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 10
- Franchisor's next-year forecast
- Termination rate
- 10.5%
- Franchisor-initiated terminations
- Ceased ops
- 10.5%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $629K
- Median loan
- $629K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (1 loan) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Bagel Boss presents caution-level risk: regulatory violations, missing profitability transparency (no Item 19), high capital requirements, and ambiguous going concern status offset modest unit growth.
Litigation (Item 3)
Predecessor Bagel Boss Holding Corp. entered Assurance of Discontinuance with NY AG (AOD #22-034) for selling franchise while unregistered; paid $15,000 in penalties and refunded $40,000 termination fee to franchisee
Largest disclosed settlement: $40,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Reese CPA LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 55 / 100 verdict
- 01MINORRecent NY Attorney General enforcement action (June 2021) for unregistered franchise sales and $40K termination fee refund indicates regulatory compliance failures
- 02MEDHigh initial investment range ($510K–$1.17M) paired with undisclosed net income creates uncertainty on actual profitability and ROI timeline
- 03MINORUnit growth of 38.5% YoY is positive but from a small base (18 units) and may not reflect market saturation or franchisee satisfaction in mature markets
- 04HIGH'Going Concern' status listed as False (unclear capitalization intent, but if true) suggests potential financial instability in the franchisor
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 3 mi |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Mandatory arbitration | No |
| Arbitration location | Coral Gables, Florida |
| Jury trial waiver | No |
| Governing law | FL |
| Litigation count | 1 |
View Item 3 litigation summary
Predecessor Bagel Boss Holding Corp. entered Assurance of Discontinuance with NY AG (AOD #22-034) for selling franchise while unregistered; paid $15,000 in penalties and refunded $40,000 termination fee to franchisee
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 96 hrs
- Training location
- Long Island, NY area
- Ongoing training
- Required
- Field support
- 136 hrs/yr
- On-site visits per year
- Time to open
- 8 mo
- From signing to launch
- Site selection
- Franchisee selects; franchisor approves within 14 business days
- Franchisor financing
- Not offered
- Item 10
- POS system
- Clover
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Clover
Item 20 · call current owners
Franchisee Contacts
20 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bagel Boss · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bagel Boss franchise?
The total investment to open a Bagel Boss franchise ranges from $510K – $1.2M, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Bagel Boss franchise owners earn?
Bagel Boss does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Bagel Boss FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Bagel Boss FDD and qualifies whose outlets they describe.
What is Bagel Boss's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Bagel Boss (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Bagel Boss franchise locations are there?
As of their most recent FDD filing, Bagel Boss has 19 total units in the United States, including 18 franchised units and 1 company-owned units. 5 new units were opened in the latest reporting year.
Is Bagel Boss a good franchise to buy?
FranchiseVerdict rates Bagel Boss as a B-grade franchise with a verdict score of 55 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Bagel Boss, you can request corrections or provide updated information.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.