FranchiseVerdict
Bahama Buck’s logo
FV-00225·STRONGExcellent95

Bahama Buck’s

RetailFranchising since 1993Website
Investment
$528K – $1.2M
92nd pct Retail
Avg revenue
$559K
11th pct Retail
Royalty
6.0%
41st pct Retail
Units
115
67th pct Retail
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $528K – $1.2M including a $35K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $559K/year (median $576K). Estimated payback in 7.2 years.
  • Rated STRONG with a risk score of 46/100. SBA loan default rate of 0.0% across 163 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Bahama Buck's Franchise Corporation
Incorporated in
Arizona
HQ
5741 50th Street, Lubbock, TX 79424
Auditor
Carr, Riggs & Ingram, LLC
Audited financials
Franchisor revenue
$7.1M
vs $7.6M 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 Bahama Buck’s unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $559,477
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $528K–$1.2M
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

4%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$39K
EBITDA margin
7.0%
Total invested
$906K
Payback
277 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.

Overview

About

Bahama Buck's franchisees operate frozen beverage and shaved ice retail kiosks or stand-alone locations, serving branded smoothies, slushes, and frozen drinks. Day-to-day operations include product preparation, customer service, inventory management, and seasonal staffing adjustments typical of QSR-adjacent beverage concepts.

CEO
Ryan Blake Buchanan
Founded
1992
FDD year
2025
States available
13

Item 7 · what it costs

The Vitals

Total investment
$528K – $1.2M
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
7.2 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$559K
Per unit, per year
Median gross sales
$576K
Item 19 type
Gross Sales and EBITDA
Sample size
103 units
vs category median 52
Range (low → high)
$173K$900K
Cohort dispersion
Transparency
9 / 5
vs category median 3 / 5 · above
Revenue rank11th
vs Retail peers
Investment cost rank92th
Lower investment ranks lower (better)
Royalty rate rank41th
Lower royalty = lower percentile (better)
Unit count rank67th
vs Retail peers
Risk score rank16th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
115
Opened
7
Last reporting year
Closed
3
Turnover rate
2.6%
Company-owned
3
Corporate units in the system
% franchised
97%
vs corporate-owned
Net growth (yr3)
+2.8%
Net unit change last year
3-yr CAGR
+7.7%
Compounded over last 3 years
2023
112+3
Franchised units
2024
109
Franchised units
2025
104
Franchised units

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

Item 20 · 18 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 · 18 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
163
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

46
Risk · 0-100
STRONG46 / 100

Bahama Buck's presents moderate-to-cautious risk: a stagnant franchise system with undocumented financials, high capital requirements relative to returns, and limited growth trajectory despite protected territories.

Score breakdown · what drove the 46 / 100 rating

  1. 01MINORAnemic unit growth of 2.8% YoY suggests market saturation or franchisee dissatisfaction in a mature 115-unit system
  2. 02MEDNo Item 19 (Financial Performance Representation) disclosed — cannot independently verify claimed $559k revenue or $122k net income figures
  3. 03MINORHigh investment range ($528k-$1.2M) paired with modest average net income ($122k) yields 4.3-8.6 year payback period with significant capital risk
  4. 04MINOR6% royalty on gross sales is standard but provides minimal franchisor margin for support in a slow-growth system
  5. 05MINORSeasonal beverage business model creates cash flow volatility not addressed in provided data

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Population
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
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
Texas

Item 11

Training & Operations

Classroom training
20 hrs
On-the-job training
20 hrs
POS system
Revel POS
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

77 numbers

Locked
(210) 501-••••
FL
(817) 915-••••
FL
(406) 750-••••
TX

One-time purchase · CSV download · Validation questions included

FDD download

Bahama Buck’s · FDD (2025) PDF

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